Thursday 17 April 2014
Q1 profit

NBK Q1 net profit from AWB hits $18m

National Bank of Kuwait (NBK) has posted EGP103 million ($18.34 million) from Al Watany Bank (AWB) of Egypt operations during the first quarter of 2009 compared to EGP99.7  million during the same period of 2008, marking a rise of 3.4 per cen


Chevron Q1 profit drops 64pc

Chevron has reported a 64 per cent decline in quarterly profit, lagging Wall Street forecasts, as a sharp drop in energy prices stung the second-largest US oil company. Chevron, like other oil majors, is making efforts to adjust to th


Sorouh Q1 profit falls 64pc

Abu Dhabi-based Sorouh Real Estate, a leading property developer, has earned Dh130.4 million ($35.4 million) in the first quarter, down 64 per cent from the same period in 2008 (Dh361.5 million). Revenues for the first quarter 2009 were Dh


Du posts $12.8m Q1 net profit

Du,  a leading UAE telecom provider, has posted a net profit of Dh47 million ($12.80 million) in the first quarter from a Dh62 million loss in the year-earlier period, the firm said in a statement. Du was well positioned to '


Rak Properties Q1 net drops 38.5pc

Rak Properties, a leading Ras al-Khaimah-based developer, has said that first-quarter net profit fell 38.5 per cent to Dh70 million ($19.06 million) after the company made no sales in the three-month period. The Abu Dhabi-listed firm earn


Saudi Fransi's Q1 profit up, investment falls

Banque Saudi Fransi posted a marginal 1.2 per cent rise in its net profit in the first quarter but the value of its investments fell by about 14 per cent from a year earlier. Net profit in the three months to March 31 rose to SR741 million

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