Tuesday 27 June 2017
 
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profit

ME carrier profits to drop 63.6pc in 2017

Middle East airlines are expected to post a $400 million profit this year (down 63.6 per cent from $1.1 billion in 2016) which is equal to $1.78/passenger. According to an industry profitability outlook released by Iata, Passenger

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China industrial firms' profits hit $83bn in April

China’s major industrial firms posted profits of 572.78 billion yuan ($83.5 billion) in April, a 14 percent increase over the same period last year, according to the National Bureau of Statistics (NBS). NBS revealed that ind

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Sodic posts three-fold growth in Q1 profit, revenue

Sodic, one of the region’s leading real estate development companies, has started the year in a big way with triple digit growth in both revenues and profits for the first quarter which hit E£703 million ($46 million) and E£211

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Emaar net profit surges 15pc in Q1

Dubai developer Emaar Properties has registered a net profit of Dh1.384 billion ($377 million) in the first quarter, up 15 per cent over Dh1.205 billion ($328 million) for the same period last year. The builder of the world's

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Sony forecasts 73pc jump in profits to $4.5bn

Sony Corporation has forecast an operating profit of  500 billion yen ($4.5 billion) for FY 2017 ending March 31, 2018, an increase of 73.2 per cent compared to FY 2016, making it the highest profit in two decades.   The

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Saudi Cement net profit down 37pc in Q1

Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter which fell to SR165 million ($44 million) from SR265 million ($70.5 million) last year owing to the drop in sales volume and sale price as a result of slugg

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Saudi Cement net profit down 37pc in Q1

Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter which fell to SR165 million ($44 million) from SR265 million ($70.5 million) last year owing to the drop in sales volume and sale price as a result of slugg

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Abu Dhabi's Taqa swings to Q1 profit

Abu Dhabi National Energy Company (Taqa) has posted its first profit in two years of Dh77 million ($21 million) compared to a net loss of Dh608 million ($165 million) for the same period last year owing to higher commodity prices and lower costs

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Waha Capital Q1 net profit down 50pc

Waha Capital, a leading investment company based in Abu Dhabi, said its net profit for the first quarter fell nearly 50 per cent to Dh87.6 million ($24 million) from Dh175.8 million ($48 million) for the same period last year. Thi

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Emirates net profit plunges 70pc to $680.4m

The Emirates Group posted an Dh2.5 billion ($680.4 million) profit for the financial year ending 31 March 2017, down 70 per cent from last year’s record profit. The group’s revenue reached Dh94.7 billion ($25.7 billion

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