Saturday 22 October 2016
First quarter profit

Inovest swings to net profit of $3.2 million

Inovest, a Bahrain-based Sharia-compliant investment firm, swung to a net profit of $3.2 million for the first quarter this year from a loss of $900,000 for the same period last year, reported the Gulf Daily News, our sister publication


Emirates Islamic Q1 profit doubles to top $52m

Emirates Islamic, a leading Islamic financial institutions in the UAE, has announced a net profit of Dh194 million ($52.8 million) for the first quarter of the year, an increase of 106 per cent over the same period last year. Tota


Du Q1 profit edges up 4.8pc to $133 million

Du, the United Arab Emirates' No.2 telecom operator, made a net profit of 490.3 million dirhams ($133.5 million) in the three months to March 31, up from 467.9 million dirhams in the year-earlier period, reflecting an increase of 4.8 percent


SABB profit rises 14pc to $288m in Q1

The Saudi British Bank (SABB) recorded a net profit of SR.08 billion ($288.2 million) million for the first quarter (Q1) of the year, as against SR948 million recorded for the same period in 2013, marking an increase of 14 per cent.

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