Saudi Electricity Company reported a sharply wider fourth-quarter net loss on Sunday, partly on costs related to workers who have been let go by the utility.
The company said it had a net loss of 1.09 billion riyals ($290.7 millio
Savola Group, the Saudi-based food conglomerate, made a net profit of SR413.4 million ($110.2 million) in the three months ending December 31, marking a drop of 17 per cent drop in fourth-quarter.
The firm, which owns the Middle E
Kuwait's Gulf Bank reported a 60 per cent jump in full-year net profit in 2011, the bank said in a bourse statement on Sunday, despite a significant decline in fourth-quarter earnings compared to the same period in 2010.
The bank, whi
Bahraini retail and commercial banking institution BMI Bank reported a net profit of BD550,000 ($1.5 million) post provisions for the fourth quarter of last year compared with a loss of BD7.8 million during the same period in 2010.
National Bank of Abu Dhabi (NBAD) on Tuesday posted a one per cent decline in fourth quarter net profit, missing analysts' forecasts, as the UAE lender was hurt by rising impairment charges.
The country's largest bank market value,
Tamweel, the Dubai-based sharia-compliant mortgage lender, made a fourth-quarter net profit of Dh31 million ($8.44 million) in 2011, the company said in a statement on Sunday.
The figure was close to a four-fold increase on the Dh8 million
Saudi Arabian real estate company Dar Al Arkan said on Wednesday its fourth quarter net profit fell 12.3 percent on the year due to lower land and residential sales.
The kingdom's largest listed developer
Saudi Arabia's Yamama Cement estimated fourth quarter profits would be 19 per cent higher on Tuesday, partly on higher sales.
Yamama said estimated net profit was SR191 million ($50.9 million) in the quarter ended December 30, up from
India-based Tata Motors said surging sales at its luxury Jaguar and Land Rover (JLR) unit helped quadruple fourth-quarter profit to 24.24 billion Indian rupees ($530 million), compared with 6.5 billion rupees a year earlier.
The company sa
Bahrain-based BMI Bank has registered a loss after provisions of BD7.8 million ($20.7 million) for the fourth quarter of 2010 as compared to a loss of BD12.3 million during the same period in 2009.
It also posted a net loss of BD26.5 milli