Friday 27 April 2018
 
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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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Sadafco reports $20m net profit in Q2

Saudia Dairy and Foodstuff Company (Sadafco), a leading dairy and foodstuff producer, has reported a net profit of SR75 million ($20 million) in the second quarter of 2017, in comparison to SR81 million ($21.6 million) in the previous quarter of

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Cineco reports record net profit of $94.5m

Bahrain Cinema Company (Cineco), a market leader in the entertainment industry in the kingdom, reported a record net profit of BD35.89 million ($94.5 million) for the first six months of 2017, a major leap from BD1.4 million ($3.6 million) recor

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Jazeera Q2 net profit hits $7.6m

Kuwait-based Jazeera Airways has recorded a net profit of KD2.3 million ($7.6 million) for the second quarter of the year, up 18.1 per cent over its KD1.9 million ($6.2 million) net profit in Q2 2016. The carrier's results wer

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Bahrain Duty Free posts $9.5m H1 net profit

Bahrain Duty Free has reported a net profit of $9.5 million for the first half of the year, an increase of 7.5 per cent compared to last year's earning’s of $8.9 million, the company said in a statement. Total sales for

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Air Arabia posts strong Q2 net profit of $43m

Sharjah-based Air Arabia has registered a net profit of Dh158 million ($43 million) for the second quarter - an increase of 21 per cent compared to Dh131 million ($35.6 million) reported for the same period last year. The company&

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Agthia Group reports net profit of $32m for H1

Agthia Group, a leading food and beverage group in the UAE, has reported net profit of Dh118 million ($32.12 million) for the first half of 2017, while net revenue grew 2.2 per cent from the same period of 2016 to reach Dh1.07 million ($291,315)

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Jazeera posts $2.9m net loss for Q1

Kuwait-based Jazeera Airways posted a net loss of KD900,000 ($2.9 million) for the first quarter of 2017. The airline's operating revenue for the quarter was KD10.1 million ($33.1 million), down 15.3 per cent from Q1 2016, and

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