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.
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
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.
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.
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
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.
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
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.
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,
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.