Friday 27 May 2016
 
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profit

NBK - Egypt reports $20.96m Q1 profit

National Bank of Kuwait-Egypt (NBK-E) reported net profits of EGP186.6 million ($20.96 million) for the first quarter of 2016 compared with EGP126.3 million for the same period in 2015, growing at 47.7 per cent year-on-year. Total

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Gulf Bank posts $29m net profit in Q1

Gulf Bank, a leading lender in Kuwait, has registered a net profit of KD8.8 million ($29 million) for the first quarter of 2016.   This figure is down by KD 1 million year over year, said a statement from the Kuwaiti bank.

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GFH posts $6.1m net profit in Q1

Bahrain-based GFH Financial Group (GFH) has registered a net profit of $6.1 million for the first quarter, up 176 per cent over $2.2 million for the same period last year. Announcing the Q1 results, GFH said it had netted a consol

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Bank ABC Islamic reports $4.4m Q1 profit

Bank ABC Islamic posted a net profit of $4.4 million for the first quarter of 2016, 27 per cent lower compared to a record profit of $6.1 million reported for the same period last year, due mainly to a one-off transaction. The res

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Americana posts 12.3pc Q1 net profit drop

Kuwait Food Co (Americana) posted a 12.3 percent fall in first-quarter net profit on Thursday, citing higher costs and losses from foreign exchange for the decline. The operator of restaurant franchises in the Middle East includin

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Adnic posts $10.6m Q1 profit

Abu Dhabi National Insurance Company (Adnic) has announced a net profit of Dh39 million ($10.61 million) for the first quarter of this year, a growth of 670 per cent over the same period last year. The company’s net investme

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Bahrain Duty Free posts $4.8m Q1 profit

Bahrain Duty Free Complex achieved a net profit of $4.787 million in the first quarter of this year, a 22.5 per cent decline compared with last year's earnings of $6.181 million, a company statement said. The main reason for t

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Bahrain Duty Free posts $4.8m Q1 profit

Bahrain Duty Free Complex achieved a net profit of $4.787 million in the first quarter of this year, a 22.5 per cent decline compared with last year's earnings of $6.181 million, a company statement said. The main reason for t

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Emirates Group flies high with $2.3bn profit

The Dubai-based Emirates Group posted a record profit of Dh8.2 billion ($2.2 billion) for the financial year ending March 31, up 50 per cent from last year, the company said. The group’s revenue reached Dh93 billion ($25.3 b

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Seef Properties net profit jumps 10.7pc

Bahrain’s Seef Properties has reported a 10.7 per cent jump in net profit at BD2.20 million ($5.84 million) for the first quarter of the year when compared with BD1.98 million ($5.21 million) in the same period last year, reported the

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