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KCIC to retain 2012 profits of $18mKuwait-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 More… |
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Alba suffers Q3 loss of $35mAluminium 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 More… |
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Boeing nets $1bn earnings in Q3Boeing 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 More… |
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Commercial Bank of Qatar posts $151m earningsCommercial 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 More… |
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Q4 warnings add to US earnings worriesThird-quarter US earnings have just begun, but already US companies are sounding alarm bells about the fourth quarter. Outlooks for the fourth quarter - just two weeks old - are so far decidedly more negative than positive. Thomso More… |
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Saudi banks to deliver solid earnings growthSaudi banks are set to deliver double-digit earnings growth for the next three years, owing to higher credit volumes and cost of risk leverage, which could accelerate further should monetary policy tighten, according to a new study. More… |
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Solidarity unit H1 earnings rise 140pcThe Jordanian subsidiary of Bahrain-based Solidarity Group Holding has posted earnings before tax of JD1 million ($1.41 million) for the first half of the year, marking a 140 per cent increase compared to the same period last year. More… |
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BKIC posts H1 net profit of $4mBahrain Kuwait Insurance Company (BKIC) registered a net profit of BD1.5 million ($4 million) in the first half of this year, as against BD2.6 million in the same period last year, said its chief executive. Second-quarter net profit sto More… |
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Sabic, Exxon plant to boost earnings from 2015"We expect an immediate positive contribution to the results of Kemya, Sabic and Exxon Mobil," said Jacobus Van Haasteren, executive vice president of performance chemicals at Sabic at a news conference in Riyadh. The $3 More… |
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Facebook revenue growth skids, shares plungeFacebook reported a drastic slowdown in revenue growth and offered no financial forecasts to ease worries over the prospects for boosting advertising in its first earnings report as a public company, sending its shares to a record low. More… |
