Tuesday 28 July 2015
 
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Q2

Saudi Arabia's Tasnee slumps to Q2 net loss

Saudi Arabia's National Industrialisation Company (Tasnee) on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product sales prices and higher costs as it missed analyst forecasts.

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FGB Q2 profit boosted by lending rise

First Gulf Bank (FGB), the third largest lender by assets in the UAE, posted an 8 per cent rise in second-quarter net profit on Sunday, with performance bolstered by growth in new lending and a drop in bad loans. The results conti

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ADIB net profit increases 10.5pc to $136m in Q2

Abu Dhabi Islamic Bank (ADIB), a tier one financial services company, has reported a net profit of Dh502.6 million ($136.7 million) for the second quarter of the year, a 10.5 per cent increase from the same period last year. The n

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Egypt's Juhayna posts 64pc rise in Q2 net income

Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, reported second-quarter net profit of E£65 million ($8.3 million), a 64 per cent increase from the same period last year. The company's

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Oman's Raysut Cement Q2 net profit falls 33pc

Oman's Raysut Cement posted a 33 per cent drop in second-quarter net profit on Tuesday, according to Reuters’ calculations. The largest cement firm by market value in the sultanate made RO4.93 million ($12.8 million) in

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Saudi shipper Bahri doubles Q2 profit

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said on Monday its second-quarter net profit more than doubled due to increased fleet size and rates for transporting spot crude. The c

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Saudi Cement records 11.8pc fall in Q2 profit

Saudi Cement posted a 11.8 per cent fall in second-quarter net profit on Monday, missing analyst forecasts due to lower sales. The kingdom's largest cement firm by market value said in a bourse filing its net profit for the th

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Khaleeji Commercial Bank net profit surges 166.9pc

Khaleeji Commercial Bank (KHCB), a prominent Islamic retail bank, has achieved a net profit of BD 1.2 million ($3.18 million) for the second quarter of 2014, an increase of 166.9 per cent compared to the same period last year. Compared

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EMEA server shipments down 5.9pc in Q2

Server shipments in Europe, Middle East and Africa (EMEA) totalled 550,000 units in the second quarter, a decrease of 5.9 per cent from the same period last year, said a report. Server revenue totaled $3.1 billion in the quarter,

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DFM reports 100pc disclosure of Q2 results

Dubai Financial Market (DFM) has revealed that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2013 results within the deadline of 45 days from the end of the period.

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