Thursday 27 April 2017
 
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Net Profit

Ooredoo Q1 revenue up 2pc to hit $2.2bn

Qatar-based telecom group Ooredoo has posted revenues of QR8 billion ($2.2 billion) during the first quarter (Q1) of the year, marking an improvement of 2 per cent over Q1 2016. In local currency terms, growth was driven by Ooredo

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Etisalat posts net profit of $572m for Q1

UAE-based telecom Etisalat Group has posted a net profit after royalty of Dh2.1 billion ($572 million) for the first quarter of the year resulting in a net profit margin of 17 per cent and year-over-year increase of five per cent.

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Du Q1 revenue edges up 2.5pc to $863m

Emirates Integrated Telecommunications Company (du) has posted revenues of Dh3.17 billion ($863 million) during the first quarter (Q1) of the year, compared to Dh3.08 billion of Q1 2016, marking an increase of 2.5 per cent. Net pr

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Yamama Cement Q1 profit plunges 66pc

Yamama Saudi Cement reported a net profit of SR50.8 million ($13.5 million) during the first quarter of 2017, marking a fall of 66 per cent year-on-year (y-o-y), driven by a decline in operating profit. The company also reported a

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Yamama Cement Q1 profit plunges 66pc

Yamama Saudi Cement reported a net profit of SR50.8 million ($13.5 million) during the first quarter of 2017, marking a fall of 66 per cent year-on-year (y-o-y), driven by a decline in operating profit. The company also reported a

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QNB Group’s Q1 net profit up 12pc

Qatar'sQNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit of QR3.2 billion ($0.9 billion) for the first quarter of 2017, up by 12 per cent compared to previous year.

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Qatar Navigation's 2016 net profit hits $195m

Qatar Navigation (Milaha) has reported a net profit of QR711 million ($195 million) for 2016 compared to QR1.095 billion ($300 million) reported the previous year. Announcing its financial results for the year ended December 31, 2

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Qatar Navigation's 2016 net profit hits $195m

Qatar Navigation (Milaha) has reported a net profit of QR711 million ($195 million) for 2016 compared to QR1.095 billion ($300 million) reported the previous year. Announcing its financial results for the year ended December 31, 2

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Zain Group records $3.6bn revenue in 2016

Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, has generated consolidated revenues of KD1.1 billion ($3.6 billion), down four per cent over the previous year. Announcing its four

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Damac's 2016 net profit soars to $1.04bn

Damac Properties, a leading property developer in the Middle East, said it has registered a net profit of Dh3.69 billion ($1.04 billion) for the financial year 2016, achieving net margins of 52 per cent. Announcing the results, Da

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