Wednesday 27 July 2016
 
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Q2

Saudi Arabia's Tasnee swings to Q2 net profit

Saudi Arabia's National Industrialization Co (Tasnee) on Tuesday said it swung to a net profit in the second quarter, beating analysts' forecasts and ending a run of five straight losses. Tasnee made a net profit of SR103.

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Saudi Arabia's Tasnee swings to Q2 net profit

Saudi Arabia's National Industrialization Co (Tasnee) on Tuesday said it swung to a net profit in the second quarter, beating analysts' forecasts and ending a run of five straight losses. Tasnee made a net profit of SR103.

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Ooredoo Kuwait continues earnings slump

Mobile operator Ooredoo Kuwait reported a 28 per cent fall in second-quarter net profit on Monday, continuing its earnings slump as revenue fell. The subsidiary of Qatar's Ooredoo competes domestically with Zain and Saudi Tele

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Saudi Cement Q2 net profit slips 2pc

Saudi Cement met analysts' estimates as it reported a 2 per cent decline in second-quarter net profit on Monday due to a drop in sales and rising power costs. One of the kingdom's largest cement firms by market value, it m

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Saudi Kayan swings to Q2 net profit on lower feedstock costs

Saudi Kayan Petrochemical Company swung to a net profit in the second quarter on Thursday, ending a run of five straight quarterly losses, benefiting from low feedstock costs. The company, an affiliate of Saudi Basic Industries Co

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Saudi Kayan swings to Q2 net profit on lower feedstock costs

Saudi Kayan Petrochemical Company swung to a net profit in the second quarter on Thursday, ending a run of five straight quarterly losses, benefiting from low feedstock costs. The company, an affiliate of Saudi Basic Industries Co

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Sluggish factory activity sets global tone for Q2

Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter. Japanese manufacturing activity shrank la

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Audi to unveil new compact SUV at Geneva motor show

Audi is unveiling its compact Q2, an urban car for everyday driving and leisure at the upcoming Geneva Motor Show.   It is also flanked by two new top models  at its world debut – the Audi S4 Avant and

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Henkel achieves 13.5pc increase in Q2 sales

Henkel, a leading manufacturer of consumer goods and adhesives technologies, has achieved an increase in second quarter sales of up to 13.5 per cent. The rise in figures was driven by various factors such as solid organic sales gr

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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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