Friday 20 July 2018
 
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ME airlines to see net profits balloon to $1.3bn

Middle East airlines are expected to see net profits grow to $1.3 billion this year, an industry expert revealed, attributing the boost to a number of factors. According to a statement released by the International Air Transport A

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Sadafco reports $69.32m net profit

Despite the decline in consumer spending and aggressive price strategies of competition, Saudia Dairy and Foodstuff Company (Sadafco) has reported a net profit of SR260 million ($69.32 million) during the 12-month period ending on March 31, 2018

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Julphar reports $5m net profit in Q1

UAE-based Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa (MEA), has reported first quarter 2018 sales of Dh264.0 million ($71.87 million) and a net profit of Dh18.4 million ($5.0 million). T

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Air Arabia posts Q1 net profit of $29.9m

Leading low-cost carrier Air Arabia has reported a strong Q1 net profit of Dh110 million (29.9 million), an increase of 8 per cent compared to the corresponding 2017 figure. In the same period, the airline posted a turnover of Dh8

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Equate Group reports net profit of $435m in Q1

Equate Group, a global petrochemical producer, has reported net profit of $435 million in the first quarter (Q1) of 2018, up 41 per cent compared to the same period in 2017. The company’s financial results (unaudited) also r

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Equate Group reports net profit of $435m in Q1

Equate Group, a global petrochemical producer, has reported net profit of $435 million in the first quarter (Q1) of 2018, up 41 per cent compared to the same period in 2017. The company’s financial results (unaudited) also r

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Agility net profit jumps 29.8pc in Q1

Agility, a leading global logistics provider, has reported a net profit of KD18.9 million ($62.66 million), or 15.2 fils per share during the first quarter (Q1) of 2018, an increase of 29.8 per cent compared to Q1 2017. Revenue fo

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ME carriers' profits to grow two-fold in 2018

Middle East carriers are forecast to see net profits improve to $600 million in 2018 (up from $300 million in 2017), new data showed. According to forecasts released by the International Air Transport Association (Iata), demand in

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Air Arabia Q3 net profits up 27pc

Air Arabia, the Middle East and North Africa’s largest low-cost carrier, registered a net profit of Dh376 million ($102.3 million) for the third quarter, an increase of 27 per cent compared to the Dh297 million ($80.8 million) reported for

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Royal Jordanian Q3 net profit up 146pc

Royal Jordanian (RJ) has posted a net profit of JD31.8 million ($44.7) for the third quarter of the year, up 146 per cent compared to JD12.9 million ($18.1 million) attained in the same period last year. At a press conference held

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