Thursday 28 May 2015
 
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profit

Mumtalakat gross profit surges 65pc to $477m

Bahrain Mumtalakat Holding Company, the investment arm of the kingdom, has announced that its full-year results for 2014 reflected another solid financial and operational performance across the group, constituting of 38 portfolio companies.

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Record production lifts GPIC profit to $190m

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has posted a 2.25 per cent rise in net profit at $190.2 million for last year, compared with $186 million for 2013. The profit surge comes on the back of its highest combi

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Record production lifts GPIC profit to $190m

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has posted a 2.25 per cent rise in net profit at $190.2 million for last year, compared with $186 million for 2013. The profit surge comes on the back of its highest combi

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Egypt's Sodic doubles Q1 net profit

Egypt's third-largest listed property developer Sodic has reported a first-quarter net profit of E£79.31 million ($10.39 million), nearly double the E£40.33 million ($5.26 million) it earned in the same period last year.

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KFH may sell properties, cut jobs

Kuwait Finance House, the country's second largest lender and one of the world's oldest Islamic banks, may sell some of its properties this year, its chief executive told Reuters on Monday. The bank may auction the propert

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Agility Q1 net profit surges 5pc

Kuwait's Agility, the largest Gulf logistics group, has reported a five per cent increase in its net profit for the first quarter which saored to KD11.8 million ($39.4 million) compared to the same period last year. Announcing

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Mitsubishi surges past 1-trillion yen profit mark

Mitsubishi UFJ Financial Group (MUFJ) said that its annual net profit passed the one trillion yen mark, a first for any Japanese lender, while top rivals Mizuho and Sumitomo saw their bottom line shrink. The whopping earnings for

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Liquidity Management Centre net profit tops $1.26m

Wholesale Islamic bank Liquidity Management Centre (LMC) posted a net profit of $1.26 million in the first quarter of this year, compared with $0.865 million for the same period last year. The net profit resulted in a return on ca

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QPIC posts $104m net profit

Qurain Petrochemical Industries Company (QPIC) has posted a net profit of KD31.35 million ($104.23 million) for the financial year ended March 31. It compares favourably to a net profit of KD27.46 million made last year, represent

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QPIC posts $104m net profit

Qurain Petrochemical Industries Company (QPIC) has posted a net profit of KD31.35 million ($104.23 million) for the financial year ended March 31. It compares favourably to a net profit of KD27.46 million made last year, represent

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