Friday 30 January 2015
 
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profit

Samsung posts lowest annual earnings in three years

Samsung Electronics on Thursday reported a 36 per cent drop in its 2014 profits compared to a year earlier, marking the South Korean firm's first annual earnings decline in three years. Samsung Electronics on Thursday reported

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GCC family firms showcase qualities to boost profits

Family firms in the Gulf Cooperation Council (GCC) showcase key behaviours that can boost profits by 30 per cent, according to new research from Oxford Strategic Consulting (OSC). The firms tend to encourage more loyalty, producti

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Deyaar net profit surges 82pc in 2014

Deyaar, a leading Dubai-based developer, has achieved a consolidated net profit of Dh281.9 million ($76.7 million) for 2014, up 82 per cent from Dh154.5 million ($42 million) achieved the year before. The company also finished the

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ADIB eyes capital boost after Q4 profit growth

Abu Dhabi Islamic Bank said on Sunday it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 per cent rise in fourth-quarter net profit. Banks in the U

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GE industrial profit surges on turbines sales

General Electric (GE) has reported a nine per cent rise in quarterly industrial profit as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. Investors have been con

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Tabreed net profit increases 20pc to $88m

National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, has posted  an profit increase of 20 per cent to Dh325.7 million ($88.6 million). In addition to connecting over 118,000

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NBB registers record profit of $142m, up 4pc

National Bank of Bahrain (NBB) has reported a four per cent rise in net profit to BD53.44 million ($142.12 million) for last year, compared with BD51.36 million in 2013. The profit figure is the highest ever achieved by the bank,

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Cluttons' profit up 36 per cent to $16m

Cluttons, an international real estate services company, has posted a 36 per cent year-on-year increase in profits before tax for the year ended March 31, 2014, to £10.9 million ($16.4 million). The company said its turnover

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Doha Bank Q4 profit up 6.1pc, misses forecasts

Doha Bank, Qatar's fifth-largest lender by assets, reported a 6.1 per cent increase in fourth-quarter net profit on Tuesday, according to Reuters calculations, missing analyst expectations. The lender made a net profit of QR25

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Saudi Maaden swings to Q4 profit

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, posted a fourth-quarter net profit but fell short of analysts' forecasts. Net profit for the three months to December 31 was SR376 million ($100.1 milli

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