Thursday 28 July 2016
 
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Net Profit

Savola net profit drops 43.2pc

Saudi Arabian food maker Savola Group, the country's largest food products company, reported a 43.2 per cent fall in second-quarter net profit and cut its dividend on Thursday, citing higher operating expenses and financial charges.

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Aramex reports $34m net profit for Q2

Aramex, a leading global provider of logistics and transportation solutions, has announced a net profit of Dh125.7 million ($34.22 million) in the second quarter of 2016, an increase of 36 per cent compared to Dh92.5 million ($25.18 million) dur

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Sabic extends earnings slump as Q2 net profit falls 23.2pc

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 23.2 per cent drop in second-quarter net profit on Wednesday, extending an earnings slump as lower sales prices continued to weigh.

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Sabic extends earnings slump as Q2 net profit falls 23.2pc

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 23.2 per cent drop in second-quarter net profit on Wednesday, extending an earnings slump as lower sales prices continued to weigh.

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Sipchem Q2 net profit slumps 76.4pc

Saudi International Petrochemical Co (Sipchem) reported a 76.4 per cent slump in second-quarter net profit on Wednesday, as lower sales prices for its products weighed on its earnings for a fifth straight quarter. Sipchem made a p

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Sipchem Q2 net profit slumps 76.4pc

Saudi International Petrochemical Co (Sipchem) reported a 76.4 per cent slump in second-quarter net profit on Wednesday, as lower sales prices for its products weighed on its earnings for a fifth straight quarter. Sipchem made a p

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Ooredoo Group posts H1 revenue of $4.36bn

Qatar-based telecom group Ooredoo has posted revenues of QR15.9 billion ($4.36 billion) for the first half (H1) of the year, as against revenues of QR16.04 billion for H1 2015, marking a dip of one per cent. Group EBITDA stable at

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BCFC net profit rises 11pc to $24.7m

Bahrain Commercial Facilities Company (BCFC)  has reported a consolidated net profit of BD9.4 million ($24.7 million) for the first six months of this year, 11 per cent higher than the same period last year, reported the Gulf Daily News

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Saudi Arabia's Tasnee swings to Q2 net profit

Saudi Arabia's National Industrialization Co (Tasnee) on Tuesday said it swung to a net profit in the second quarter, beating analysts' forecasts and ending a run of five straight losses. Tasnee made a net profit of SR103.

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Saudi Arabia's Tasnee swings to Q2 net profit

Saudi Arabia's National Industrialization Co (Tasnee) on Tuesday said it swung to a net profit in the second quarter, beating analysts' forecasts and ending a run of five straight losses. Tasnee made a net profit of SR103.

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