Thursday 21 August 2014
 
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earnings

Kuwait corporate earnings up 14pc

The earnings of Kuwaiti listed companies for the first nine months surged 14 per cent to hit KD1.16 billion ($4.09 billion) when compared to the same period last year, said a report. The financial results of Kuwaiti listed compani

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Samsung sees Q3 earnings at record $9.4bn

Samsung Electronics estimated its July-September earnings rose 25 percent to a record $9.4 billion as a strong recovery in memory chip prices helped counter a slowdown in the South Korean company's smartphone business. The mak

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JPMorgan earnings rise 31 per cent

JPMorgan Chase and Company posted a 31 per cent increase in second-quarter earnings yesterday after underwriting income jumped and bond market trading revenue rose. US fixed-income markets plunged during the quarter, lifting longe

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Global stocks post best week since Nov

Stocks on major bourses posted their best weekly gains since November on Friday, helped by corporate earnings reports and remarks by Federal Reserve officials calming investor fears about US monetary policy. On Wall Street, the Do

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NBB net profit surges 6.7pc to top $71m in H1

The National Bank of Bahrain (NBB) has announced a net profit of BD26.77 million ($71.20 million) for the six months of the year as against BD25.10 million for the same period last year, marking an increase of 6.7 per cent. For th

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Lower costs to drive Saudi petchem earnings

Improved operational efficiencies and lower risk and multiples expansion as well as lower feedstock cost will drive the net income of the top 10 petrochemical stocks in Saudi Arabia in 2013, a report said. The total net income of

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KCIC to retain 2012 profits of $18m

Kuwait-based KCIC, which specializes in investments across Asia, has closed 2012 with a net profit of KD5.23 million ($18.3 million), but said will retain earnings and not issue dividends. The firm today held its Annual General Me

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Alba suffers Q3 loss of $35m

Aluminium Bahrain (Alba),  ranked as one of the largest aluminium smelters in the world, has registered a net loss of $35 million for the third quarter, a statement said.   The results were impacted by lower LME pri

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Boeing nets $1bn earnings in Q3

Boeing has posted stronger-than-expected results for the third quarter earning $1 billion ($1.35 a share) as its defence business improved and commercial aircraft deliveries surged, and the company raised its full-year forecast for the third tim

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Commercial Bank of Qatar posts $151m earnings

Commercial Bank of Qatar (CBQ) surpassed analysts' expectations for the third-quarter despite reporting a slight dip in net profit as gains from financial investments offset a drop in fee and commission income. The state's

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