Tesco will slash its dividend and investment spending to give its new boss more firepower to rebuild Britain's biggest retailer, after a second profit warning in two months showed the scale of the task it faces.
The grocer sai
Turkish Airlines’ recorded a net profit of 398 million TRY ($184 million) in the second quarter of the year as compared to a net loss of 226 million TRY ($109 million) in Q1.
It completed the first half of the year with a net prof
German steel and industrial group ThyssenKrupp said it could make its first net profit in three years, as chief executive Heinrich Hiesinger's recovery strategy begins to pay off.
ThyssenKrupp raised the outlook for its financial ye
Sixth of October Development and Investment Company (Sodic) posted EGP91 mllion ($12.6 million) net profit for the first half of the year, on the back of strong sales and a replenished land bank.
The key milestones achieved includ
EFG Hermes, one of the largest investment banks in the Middle East, posted a net profit of 188 million Egyptian pounds ($26.3 million) in the second quarter of 2014 after a net loss of 80 million pounds in same quarter last year.
Bahrain-based Gulf Finance House (GFH), an Islamic investment bank, has posted a 152 per cent rise in consolidated net profit to $10.6 million for the first half ended June 30, compared with $4.2 million for the prior year period.
China's Lenovo Group, the world's biggest maker of personal computers, said net income jumped 23 percent in the first fiscal quarter, as it consolidated its position in the PC market while boosting smartphone shipments.
Bahrain's Gulf Finance House reported a 252 per cent increase in second-quarter net profit on Wednesday.
The firm, which suffered heavily in the wake of the global financial crisis and required multiple debt restructurings, ma
Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to second-quarter profits and said it pulled out of acquisition plans in India and Iraq to improve its cash flow and reduce debt leverage.
Bahrain-based Alubaf Arab International Bank, a wholesale bank, has reported 32 per cent growth in net profit at $23.4 million for the six months ended June 30, compared with $17.8 million for the corresponding period last year.