Saudi Electricity Co (SEC) , the Gulf's largest utility firm, reported a 144 percent jump in its net profit for the second quarter on Monday, beating analysts' forecasts because of a one-time gain.
It made 3.66 billion riy
Saudi Electricity Co (SEC) reported a significant widening of its net loss for the first quarter on Sunday, as the utility saw costs increase and the value of some of its fixed assets decline.
It lost 913 million riyals ($243.4 mi
Dubai Financial Market (DFM) said its UAE listed companies have shown a 96.7 percent compliance to disclose their annual results for 2013 within the three-month deadline from the end of the financial year.
Saudi Arabia’s Shura Council members said the Labour Ministry’s Nitaqat programme has failed to achieve the desired results, according to a report.
“Companies manipulate the system to give the impression that the
Dubai Financial Market (DFM) has revealed that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2013 results within the deadline of 45 days from the end of the period.
Dubai Financial Market (DFM) said its UAE-listed companies have shown a 97.6 per cent compliance to disclose their annual results within the deadline of three months from the end of the financial year.
According to the Dubai bourse, 42 out
United Industries Company (UIC), a member of Kuwait Projects Company Group (Kipco), posted net profits of KD941,050 ($3.43 million) for the first half of 2011.
Announcing these results, chairman and CEO of UIC Essa Khalid Al Essa said tha
Zain Saudi Arabia reported a lower net loss in the second quarter compared with a year earlier as it widens its customer base in the kingdom, the wireless carrier said on Sunday.
Zain Saudi Arabia made a net loss of 448 million riyal
Dubai Bank said its annual net profit for the year ending December 31, 2008 hit a record Dh226 million ($62 million) up 7.26 per cent over the previous year despite the global economy crisis.
Announcing record results for the year, Dubai B
Emirates Islamic Bank’s net profit rose 253 per cent to Dh148.6 million ($40.45m) in the first quarter of this year.
The total income grew to Dh359.2 million from Dh189.5 million during the same period last year witnessing an increase of