Sunday 1 February 2015
 
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profits

MasterCard Q4 profit jumps 12pc to $858bn

MasterCard , the world's No. 2 debit and credit card company, said worldwide purchase volume increased 12.1 per cent to $858 billion in local currency terms during the fourth quarter of 2014, marking a better-than-expected profit for the hol

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Oman Air aims to become profitable by 2017

Oman Air hopes to achieve profitablity by 2017 under an ambitious plan which focuses on fleet and network expansion and cost reduction. Oman Air chief executive officer Paul Gregorowitsch set out ambitious proposals for growth at a rece

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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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