Thursday 28 August 2014
 
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profit

Turkish Airlines posts $79.52m H1 net profit

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

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ThyssenKrupp may post first profit in 3 years

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

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Sodic posts $12m profit for H1

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

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EFG Hermes swings to $26m Q2 profit

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.

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GFH's net profit soars 152pc to $10.6m

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. The b

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Lenovo's April-June profit surges 23pc

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. Ne

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GFH Q2 net profit jumps 252pc

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

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Taqa swings to profits; pulls out of Iraq, India talks

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.

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Alubaf net profit soars 32pc to $23.4m

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. Net pro

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ABC net profit surges 22pc to $137m

Bahrain-based Arab Banking Corporation (ABC) has reported a 22 per cent increase in consolidated net profit at $137 million for the first half of this year, compared with $112 million for the same period last year. The net profit for th

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