Wednesday 4 May 2016
 
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Q1 profit

Union National Q1 net profit drops 27pc

Union National Bank (UNB), 50 per cent owned by the Abu Dhabi government, posted a 27 per cent drop in first quarter net profit on Thursday. The fifth largest lender in the emirate by assets reported a net profit attributable to e

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ADCB Q1 net profit drops 18.2pc

Abu Dhabi Commercial Bank on Wednesday posted a 18.2 per cent fall in first-quarter net profit, as income from its core business dipped and provisions increased. The third largest bank by assets in the United Arab Emirates made a

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Abu Dhabi Islamic Q1 profit up 6.9pc

Abu Dhabi Islamic Bank on Thursday posted a 6.9 per cent rise in first-quarter net profit, aided by higher revenues and a growth in customers. The emirate's largest sharia-compliant bank made a net profit of Dh482 million ($13

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Doha Bank Q1 net profit falls 16pc

Doha Bank, Qatar's fourth-largest lender by assets, reported a 16 per cent decline in first-quarter net profit on Monday, missing the average expectation of analysts. The bank earned a net profit of QR354.16 million ($97.3 mil

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NBK posts 18.2pc slide in Q1 net profit

National Bank of Kuwait , the Gulf Arab state's largest commercial lender, reported a 18.2 per cent fall in first-quarter net profit, it said in a statement on Sunday, as it failed to repeat a one-off gain from an asset sale.

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National Bank of Oman Q1 net profit up 10pc

National Bank of Oman, the sultanate's third-largest lender by assets, posted a 10-per cent rise in first-quarter net profit, according to a bourse statement on Thursday. The lender made a net profit of RO13.9 million ($36.1 m

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Samsung Q1 profit set for 10pc jump

Tech giant Samsung Electronics said on Thursday its first-quarter operating profit likely rose 10.4 per cent from a year earlier, beating expectations and pointing to strong sales of its new Galaxy S7 smartphones. The outlook will

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Samsung Q1 profit set for 10pc jump

Tech giant Samsung Electronics said on Thursday its first-quarter operating profit likely rose 10.4 per cent from a year earlier, beating expectations and pointing to strong sales of its new Galaxy S7 smartphones. The outlook will

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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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