Wednesday 29 July 2015
 
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Q1 profit

Barwa Bank Q1 profit up 4pc to top $57m

Barwa Bank, a leading Shari’ah-compliant service provider in Qatar, has posted a net profit of QR209 million ($57.3 million) for the first quarter of 2015, as against QR 201 million for the same period last year, marking an increase of fou

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Batelco Q1 profit edges down over forex effects

Batelco Group , the Bahrain-based telecommunications group with operations across 14 countries, posted a 2 per cent fall in first-quarter profit after revenue was dented by tougher competition and adverse foreign exchange movements.

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GFH Q1 profit down 26pc to $1.1m

Bahrain-based Gulf Finance House (GFH), a leading Islamic investment bank, has reported a net profit of $1.1 million for the first quarter (Q1) of the year compared to $1.5 million for Q1 of 2013, marking a drop of 26.6 per cent.

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Al Baraka posts near-flat Q1 profit

Bahrain-based Al Baraka Banking Group reported near-flat first-quarter net profit on Sunday. The Islamic lender recorded a net attributable profit of $36.6 million in the three months to March 31, compared with $36.8 million in th

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GB Auto posts 5.8pc rise in Q1 net profit

Egyptian auto distributor GB Auto made a 5.8 percent rise in net profit in the first quarter, the firm said in a stock exchange statement on Thursday. Profit rose to 71.5 million Egyptian pounds ($10.17 million) from 67.58 million

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Kipco Q1 profit rises 20pc to $36m

Kuwait Projects Co (Kipco), the Gulf state's largest listed investment company, reported a 20 percent rise in first-quarter profit on Wednesday. Kipco made a profit of 10.3 million dinars ($36.70 million) in the three months t

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DIB’s Q1 profit doubles on strong economy

Dubai Islamic Bank's (DIB) net profit for the first quarter doubled, it said on Thursday, as the booming local economy boosted revenue and cut bad debts. The result is consistent with the trend of rising profits for United Ara

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Batelco Q1 profit up 8pc to $38m

Bahrain Telecommunications Co (Batelco) posted an 8 per cent rise in first-quarter profit on Wednesday as the operator added more domestic subscribers and revenue grew following its largest ever acquisition last year. The Group re

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NBAD Q1 net profit flat at $383m

National Bank of Abu Dhabi , the United Arab Emirates' largest lender by market value, posted net profit of Dh1.41 billion ($383.9 million) in the first three months of 2014, the same figure as the corresponding quarter last year.

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Etisalat Q1 profit rises 11pc to top $544m

UAE-based Etisalat Group, the leading telecom operator, reported on Sunday a net profit of 2 billion dirhams ($544.5 million) in the three months to March 31 as against a profit of 1.8 billion dirhams a year earlier, marking an increase of 11 pe

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