Friday 26 December 2014
 
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profits

Ithmaar Bank reports $4.84m net profit

Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a total net profit of $4.84 million for the first nine months of the year, compared to a net loss of $11.97 million in the same period last year. Net profit for the third q

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Bahrain Duty Free posts $15.2m net profit

Bahrain Duty Free has reported a net profit of $15.2 million in the first nine months of the year, up 12.3 per cent compared to last year. The company’s net income rose to $5.9 million in the third quarter, which is a 44.7 per cen

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Millennium & Copthorne's profit surge 6.6pc

London-based Millennium & Copthorne (M&C) Hotels’ third-quarter profit rose 6.6 per cent as an increase in global business travel drove occupancy and room rates. Pre-tax profit rose to £50.2 million ($80.16 million)

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Smartphone woes drag Samsung profit to 3-year low

Samsung Electronics saw its July-September quarterly profit fall to the lowest level in more than three years, as a decline in earnings from its smartphone business set the South Korean giant on track for its worst year since 2011.

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Egypt's Juhayna set for recovery after ‘difficult year’

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said. Safwan Thabet said

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Saudi's Yansab Q3 net profit falls 20pc as sales drop

Saudi Arabia's Yanbu National Petrochemical (Yansab) reported a 20.1 per cent drop in third-quarter net profit, in line with analysts' estimates, as sales volumes declined.   The firm, a subsidiary of Sau

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Samsung's Q2 profit slides 25pc to $7bn

Samsung Electronics sung said its operating profit fell 24.6 per cent in the second quarter of the year  to 7.2 trillion won ($7.03 billion), marking its worst quarterly profit in two years. The drop in profits also flagged u

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StanChart warns on profits as markets arm slumps

Standard Chartered warned profits would fall in 2014 for the second year in a row after first-half earnings dropped by a fifth due to tougher regulations and low market volatility in its trading business. The bank also said on Thu

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Arab Bank posts 5.4pc rise in Q1 profits

Arab Bank Group reported 5.4 per cent growth in net profits after taxes and provisions for the first quarter of 2014, reaching $216.3 million compared to $205.1 million for the same period last year. Customer deposits also increas

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Emaar aims to quadruple profits by 2018

Emaar Properties, Dubai's largest listed real estate developer, predicted on Wednesday that its profits would more than quadruple by 2018 as the emirate's economy booms and the company's overseas business expands. The

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