Monday 29 December 2014
 
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earning

CIMA launches online earnings calculator

Chartered Institute of Management Accountants (CIMA) has launched a new online tool to enable members and students to calculate average salaries according to different factors. The earning calculator will use data from the 2014 CI

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United Industries Company posts $29m profit

United Industries Company (UIC), a member of the Kuwait Projects Company (Kipco) Group, has posted a net profit of KD8.7 million ($29.8 million) for the first nine months of the year. The earnings per share stood at 19.57 fils com

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Mobily scraps Q3 dividend after earnings error

Saudi Arabia's Etihad Etisalat (Mobily), which has seen its share price fall by the daily limit for three straight days since reporting an accounting error on Monday, said it would not distribute a dividend for the third quarter.

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Mobily delays earnings to review financial statements

Saudi Arabia's Mobily asked for its shares to be suspended and postponed publication of its quarterly earnings, seeking more time to review unspecified "significant matters" in its financial statements. Mobily, 28 pe

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Earnings in Kuwait flat despite strong bank results

The earnings of Kuwaiti companies were flat, despite a solid performance by banks during the first half of the year, on the back of an improving operational environment and reduced provisioning, boosted overall earnings an offset weakness in oth

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Topaz Energy earnings grow 12pc in H1

Topaz Energy and Marine, a leading offshore support vessel company, has posted a 12 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) during the first half of the year and a 5.3 per cent growth in EBITDA

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BBK net profit rises 7.8pc to $72.1m

Bank of Bahrain and Kuwait (BBK) has reported a growth of 7.8 per cent in net profit at BD27.2 million ($72.14 million) for the six months ended June 30, when compared with BD25.2 million for the corresponding pe

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Bahrain Duty Free net profit up 8pc in H1

Bahrain Duty Free Shop Complex achieved a net profit of BD3.562 million ($9.39 million) for the first half of the year, an increase of eight per cent compared with the same period in 2012. Earnings per share rose to 33 fils, up fr

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HSBC revenues sag, may face $1.6bn US lawsuit hit

HSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a US lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. Its shares fell mo

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Drake & Scull Q2 profits slump 42pc

Dubai-based Drake & Scull, a specialist in MEP operations, recorded a net profit of Dh32 million ($8.7 million) for the second quarter (Q2) of the year, marking a 42 per cent drop in net earnings compared to Q2 2011. It also reporte

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