Saturday 23 June 2018
 
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profit

Plummeting rate hits profit levels in MEA hotels

Profit per room at hotels in the Middle East & Africa fell by 12.1 per cent year-on-year in April as revenue levels crashed on the back of plummeting achieved average room rate, according to new data from HotStats. Further to

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ME airlines to see net profits balloon to $1.3bn

Middle East airlines are expected to see net profits grow to $1.3 billion this year, an industry expert revealed, attributing the boost to a number of factors. According to a statement released by the International Air Transport A

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Sadafco reports $69.32m net profit

Despite the decline in consumer spending and aggressive price strategies of competition, Saudia Dairy and Foodstuff Company (Sadafco) has reported a net profit of SR260 million ($69.32 million) during the 12-month period ending on March 31, 2018

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Digital technologies 'can save $50bn'

A range of interconnected emerging technologies have the power to unlock a potential $50 billion in savings and increased profit, according to a recent research by international consulting firm, McKinsey. Digitalisation is the num

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Digital technologies 'can save $50bn'

A range of interconnected emerging technologies have the power to unlock a potential $50 billion in savings and increased profit, according to a recent research by international consulting firm, McKinsey. Digitalisation is the num

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Digital technologies 'can save $50bn'

A range of interconnected emerging technologies have the power to unlock a potential $50 billion in savings and increased profit, according to a recent research by international consulting firm, McKinsey. Digitalisation is the num

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Julphar reports $5m net profit in Q1

UAE-based Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa (MEA), has reported first quarter 2018 sales of Dh264.0 million ($71.87 million) and a net profit of Dh18.4 million ($5.0 million). T

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Drake & Scull International swings to Q1 net profit

Drake & Scull International, a regional leader in engineering and construction services, has achieved an overall net profit of Dh7 million ($1.9 million) for the first quarter, compared to the net loss of Dh839 million ($228 million) declare

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Gulf Navigation reports $2.78m gross Q1 profit

Dubai-based Gulf Navigation Holding has reported a gross profit of Dh10.15 million ($2.78 million) in the first quarter (Q1) of 2018, a 5 per cent increase in comparison to the first quarter of 2017. This announcement comes conseq

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Gulf Navigation reports $2.78m gross Q1 profit

Dubai-based Gulf Navigation Holding has reported a gross profit of Dh10.15 million ($2.78 million) in the first quarter (Q1) of 2018, a 5 per cent increase in comparison to the first quarter of 2017. This announcement comes conseq

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