Wednesday 2 September 2015
 
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Q2

Kuwait's Agility Q2 net profit rises 5.5pc

Kuwait's Agility, the largest Gulf Arab logistics company, reported a 5.5 per cent rise in second-quarter net profit on Thursday. The firm, which has operations in more than 100 countries, said net profit in the three months t

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US productivity rises in Q2, but trend still soft

US non-farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated. Productivity increased at a 1.3 per cent annual rate in the Apr

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Shell to cut 6,500 jobs, investments to reduce to $30bn

Royal Dutch Shell on Thursday reported a 37 per cent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas

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Savola Q2 profit falls 15pc, warns Q3 profit will also drop

Saudi Arabia's Savola Group reported a 15.4 per cent fall in second-quarter net profit on Tuesday, missing analyst forecasts as the food producer warned its third-quarter profit was likely to plunge. The company made a net pro

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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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