Friday 29 April 2016
 
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Net Profit

Zain Group posts $124m Q1 net profit

Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, registered a net profit of KD37 million ($124m) in first quarter this year, reported the Gulf Daily News, our sister publication.

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ADSB posts revenue of $215m for 2015

Abu Dhabi Ship Building (ADSB), a provider of construction, repair and refit services for naval, military and commercial boats, posted a consolidated revenue of Dh791 million ($215.3 million) for 2015. Its net profit rose to Dh87

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Qatar Navigation Q1 net profit falls 3.6pc

Qatar Navigation (Milaha) reported a 3.6 per cent fall in first-quarter net profit on Sunday. The shipper's net profit was QR352 million ($96.7 million) for the three months ending March 31, down from QR365 million ($100.17 mi

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Kuwait Finance House Q1 profit up 14pc

Kuwait Finance House (KFH) reported a 14 per cent rise in first-quarter net profit according to a statement on Wednesday, as the country's biggest Islamic lender set aside less cash for bad loans and recorded lower expenses. N

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Khodari's Q1 net profit plunges 71pc

Saudi Arabian contractor Abdullah Abdul Mohsin Al Khodari and Sons reported a 70.6 per cent drop in first-quarter net profit on Tuesday as it continued to struggle amid a slowdown in the kingdom's construction sector. The comp

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Ma'aden Q1 net profit slips 35pc, still beats forecasts

Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, posted a 35.3 per cent fall in first-quarter net profit on Sunday, but still beat analysts' forecasts. The firm made a net profit SR168.9 million ($45.04 mil

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Safco Q1 net profit dips 51.5pc, misses estimates

Saudi Arabia Fertilizers Co (Safco) missed analysts' forecasts and extended its earnings slump, reporting a 51.5 per cent decline in first-quarter net profit on Sunday. Safco, a unit of Saudi Basic Industries Corp (Sabic), mad

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Bank Dhofar Q1 net profit rises 15.1pc

Oman's Bank Dhofar, the second-largest lender in the sultanate by assets, posted a 15.1 per cent rise in first-quarter net profit on Sunday. The lender made a profit of RO13.56 million ($35.26 million) in the three months to M

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Julphar posts $61.6m net profit for 2015

The UAE-based Julphar Gulf Pharmaceutical Industries, a leading generic pharmaceutical manufacturer in Middle East and North Africa (Mena) region, posted a net profit of Dh226.6 million ($61.6 million) for 2015, up 12.2 per cent year-on-year.

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Output rise lifts Morocco's Managem net profit

Morocco's biggest mining holding firm Managem reported a 13 per cent rise in 2015 net profit due to higher production and cost cuts, which outweighed lower metals prices. Net profit attributable to shareholders was 205 million

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