Friday 18 April 2014
 
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profit

Insurance House profit up 29pc in Q1

Insurance House (IH) has registered a total comprehensive profit of Dh4.49 million ($1.22 million) during the first quarter of the year, nearly 29 per cent higher than the total comprehensive profit of Dh3.48 million recorded during the same per

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Bank Muscat Q1 net profit jumps 59pc

Bank Muscat, Oman's largest lender, missed analysts' expectations despite posting on Wednesday a 59.1 percent jump in its first-quarter net profit, as it didn't repeat a one-off fraud provision that it was forced to make last year.

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Egypt's TMG to distribute first cash dividend

Egyptian property developer Talaat Moustafa Group (TMG) will distribute a cash dividend of around 0.145 Egyptian pound ($0.02) after profits grew in 2013, the company said on Tuesday.   The payment, TMG's fir

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Gulf Bank posts 10pc rise in profit

Kuwait's Gulf Bank missed analyst estimates despite reporting a 10 percent increase in first-quarter net profit on Monday. The country's fourth-largest lender by assets said net profit for the three months to the end of Ma

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Air Seychelles posts $3m net profit

Air Seychelles, the national carrier of Seychelles, has posted a net profit of $3 million for last year, up 171 per cent compared to its $1.1 million in 2012.   The airline’s revenue increased by 107 per ce

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RWI posts 15pc surge in Q1 profit

Rubber World Industries (RWI), a leading manufacturer of closed-cell rubber insulation 'Gulf-O-Flex' in the Gulf and South East Asia, has posted a 15 per cent increase in profit for the first quarter as compared to the same period last

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QNB posts 13.7pc profit rise in Q1

Qatar National Bank, the largest lender in the Gulf region, has said its first-quarter net profit rose 13.7 per cent.   The bank reported a net profit of QR2.4 billion ($659.1 million) for the first three months

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Nakheel sees Q1 net profit up 28pc

Dubai property developer Nakheel reported a 28 per cent increase in first-quarter net profit on Wednesday (April 9).   The government-owned company made a net profit of Dh629 million ($171.3 million) in the first

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Banque Saudi Fransi Q1 profit rises 25pc

Banque Saudi Fransi posted a 25.2 percent rise in first-quarter net profit on Monday, beating analysts' estimates as operating income increased. The bank made a net profit of 856 million riyals ($228.24 million) in the three m

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Green Valley posts $5.4m profit in Q1

Green Valley International Real Estate has posted Dh20 million ($5.4 million) profit in the first quarter, a 15 per cent increase over the same period last year.   The company’s revenue touched Dh50 million

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