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Union Properties Q1 net profit slips 2.2pcDubai developer Union Properties reported a 2.2 per cent drop in first-quarter net profit on Wednesday due to a slump in housing sales. The Dubai-listed firm made a first quarter net profit of Dh21.9 million ($5.96 million), it sa More… |
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Batelco first-quarter net profit falls 17pcBahrain-based Batelco Group, a leading telecom company, made a net profit of BD13.4 million ($35.5 million) in the first quarter of the year, down from BD16.1 million during the same period in 2012, marking a drop of 17 per cent. More… |
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Nawras net profit falls 21pc in Q1Nawras, a top telecom operator in Oman, made a net profit of RO7.7 million ($20 million) in the three months of the year, down from RO9.8 million in the year-earlier period, marking a 21 per cent drop as text and domestic call income fell. More… |
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Commercial Bank of Kuwait doubles Q1 profitCommercial Bank of Kuwait, the Gulf state's fifth largest lender by assets, reported a steep rise in first-quarter net profit on Tuesday, as the amount of non-performing loans fell but said it still had to book hefty impairment charges. More… |
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QNB net profit up 6.7pc in Q1 on loan growthQatar National Bank (QNB), a leading Gulf Arab lender, posted a 6.7 per cent jump in first-quarter net profit on Sunday, in line with analysts' estimates, on the back of strong loan growth in the Gulf state. QNB, which complet More… |
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Dewa posts 6pc profit increase for 2012State utility Dubai Electricity and Water Authority (Dewa) reported a 6 per cent increase in annual profit for 2012 on Sunday, after sales revenues and cash generated from core operations rose. The monopoly, fully-owned by the gov More… |
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Sico swings to Q3 net profit of $1.4mBahrain-based Securities and Investment Company (Sico) earned a net profit of BD538,000 ($1.4 million) for the third quarter of the year, a positive improvement on its loss of BD863,000 for the corresponding period in 2011. For th More… |
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NBAD Q3 net up 9pc on investment gainsNational Bank of Abu Dhabi, the largest lender by market value in the UAE, beat analyst estimates by reporting a 9.1 rise in third-quarter net profit, boosted by investment gains. NBAD, majority-owned by the Abu Dhabi government, More… |
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Mobily Q3 net jumps 23pc, beating forecastsSaudi's No 2 telecom company, Etihad Etisalat (Mobily), said on Saturday its third-quarter net profit jumped 23 per cent to 1.51 billion riyals ($403 million) over the same period of 2011, beating analyst forecasts. The firm, More… |
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Finance House net profit up 19pc, at $17.8mAbu Dhabi-based Finance House (FH) has achieved a year-on-year growth of 19 per cent, registering a net profit of Dh65.7 million ($17.89 million) for the nine months ended September 30, compared to Dh55.3 million for the same period last year. More… |
