Monday 25 June 2018
 
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Q1 profit

UAE property firms post over $1.1bn in Q1 profit

The combined profits of 13 listed property companies in the UAE surged to Dh4.35 billion ($1.18 billion) during the first quarter (Q1) of the year, a growth of 29.4 per cent from Dh3.36 billion in Q1 2017, a media report said. The

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19 listed UAE banks post $2.9bn in Q1 profit

Nineteen UAE banks posted Dh10.7 billion ($2.9 billion) in net profit during Q1 2018, up 12.3 per cent from Dh9.52 billion during the same period in 2017, according to official figures released recently. Banking analysts attribute

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Mepco Q1 profit surges 763pc to $7.5m

The Middle East Paper Company (Mepco), a leading paper manufacturer, has posted net profits of SR28.1 million ($7.5 million) for the first quarter (Q1) of the year, as against SR3.3 million for Q1 2017, marking an increase of 763 per cent.

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Aramex Q1 revenue surges to $324m, net profit up 13pc

Aramex, a leading global provider of comprehensive logistics and transportation solutions based in Dubai, UAE, said its revenue for the first quarter grew 8 per cent to Dh1.19 billion ($324 million) from last year's Dh1.1 billion ($299 milli

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Adnic Q1 net profit surges 28.pc to $26m

Abu Dhabi National Insurance Company (Adnic), a top insurance provider, has posted a net profit of Dh95.2 million ($25.9 million) for the first quarter (Q1) of the year as against Dh74 million for Q1 2017, marking a rise of 28.6 per cent.

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Galaxy S9 drives Samsung Q1 profit to $14.4bn

Samsung Electronics has posted KRW15.64 trillion ($14.4 billion) in operating profit on KRW60.56 trillion in revenue for the first quarter of 2018, led by the company’s memory business and sales of mobile products, including the Galaxy S9.

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FAB reports record Q1 profit of $816m

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has reported a record net profit of Dh3 billion ($816 million) for the first quarter of 2018, up two per cent year-on-year and six per cent quarter-on-quarter. Operating in

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QInvest posts $15m net profit for Q1

QInvest, a leading Islamic financial institution in Qatar, has reported a net profit of QR15 million for the first quarter of the year, as compared to $14 million during the same period last year. The bank generated revenues of QR

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Agility Q1 profit up 11pc to $48m

Kuwait-based Agility, a leading global logistics provider, has reported a net profit of KD14.6 million ($47.8 million) for the first quarter of the year, an increase of 11.4 per cent over the same period in 2016. Agility reported

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Dana Gas net profit soars 83pc in Q1

Dana Gas, the Middle East’s largest regional natural gas company, has posted a net profit of $11 million for the first quarter (Q1) of the year, as against $6 million during Q1 2016,marking an increase of 83 per cent. The co

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