Abu Dhabi Commercial Bank (ADCB) said on Sunday its fourth-quarter net profit rose 40 per cent to Dh879 million ($237 million) from Dh628 million a year ago.
Five analysts polled by Reuters had expected the bank on average t
Ezdan Real Estate, Qatar’s largest developer by market value, suffered a fourth-quarter profit fall of 87.1 per cent on Monday and said it would not recommend paying a cash dividend.
Profit for the three months ending December 31 fell to Q
Investment firm Kuwait Projects Co (Kipco) posted a net profit of KD0.71 million ($2.46 million) in the fourth-quarter, according to Reuters calculations on Monday.
Full year net profit came in at KD46.32 million, up from 24.1 million in n
Dana Gas posted a fourth quarter loss of Dh193 million ($52.54 million), its second consecutive loss, after 2009 accounting write-offs and the impairment of some oil and gas assets.
The Abu Dhabi-listed firm however said it would pursue ta
DuPont, a science-based products and services company, has posted a fourth-quarter 2009 consolidated net sales of $6.4 billion, 10 per cent higher than prior year.
The results reflect a 10 per cent higher volume, 3 per cent lower local pri
The UAE's National Bank of Umm Al-Qaiwain reported an increase in full year net profit on Thursday, though provisions for bad loans also grew, a company statement said.
Profit for the fourth quarter slid 71 per cent to Dh13.4 million (
Sorouh Real Estate, the UAE's second biggest developer by market value, reported a 39.4 per cent decline in fourth quarter profit as it booked more provisions and saw losses linked to associates.
The Abu Dhabi developer said on Thursda
Dubai Investments has reported a fourth-quarter net profit of Dh141 million ($38.39 million), versus a loss of Dh87 million in 2008, it said on Wednesday.
Full-year net profit attributable to shareholders declined around 40 percent to Dh96
Doha Bank, Qatar's fourth-largest by market value, had a fourth quarter net profit of QR122.8 million ($33.75 million), up 10.1 per cent, according to Reuters calculations.
The bank reported full-year net profit of QR973.6 million for
Southern Province Cement , Saudi Arabia's largest cement maker by market value, said its fourth quarter profits rose by 2.4 per cent due to increased sales and lower costs.
Southern Cement made a net profit of SR181 million ($48.27 mil