Friday 28 November 2014
 
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profit

Depa registers four-fold jump in profit

Depa, one of the world’s leading interior contracting companies, has registered a net profit of Dh46 million ($12.5 million) for the nine months compared to Dh11 million ($3 million) for the same period last year. Announcing

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Barwa Q3 net profit surges 43pc

Qatar-based Barwa Bank has registered a 43 per cent jump in its net profit for the third quarter which hit QR641 million ($176 million) compared to QR447 million ($123 million) for the same period last year. Qatar’s fastest

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Bahrain’s Mumtalakat prices $600m sukuk

Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate. Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the

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Al Baraka unit reports 21pc increase in net profit

Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group (ABG), reported an increase of 21 per cent in its net profit in the first nine months of this year compared to the same period of 2013. It als

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Saudi developer Jabal Omar swings to profit

Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, has reported its first quarterly profit in five years. Since 2009, Jabal Omar, which works on projects in Makkah, has only report

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Drake & Scull Q3 profit down 10pc

Dubai's Drake & Scull (DSI), a leader in the integrated design, engineering and construction sector, reported a 10 per cent drop in third-quarter profit on Sunday, beating analyst estimates as revenue increased. The contra

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Arabtec Q3 net profit plunges 32pc

Dubai's largest contractor Arabtec reported a 32 per cent drop in third-quarter net profit on Sunday, missing analysts' estimates by a wide margin as general expenses nearly doubled from a year earlier. The builder, in whi

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Tata Motors profit slumps on slow UK car sales

India's Tata Motors reported a surprise drop in quarterly net profit yesterday, hit by slowing sales at its British luxury subsidiary and higher taxes. Consolidated net profit slipped to Rs32.91 billion ($533.82 million) in th

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Khaleeji Commercial posts $5.8m net profit

Khaleeji Commercial Bank (KHCB), a leading Islamic retail bank in Bahrain, has recorded a net profit of BD2.21 million ($5.8 million)  for the first nine months of the year, as compared to a net loss of BD30,000 for the same period last yea

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BMI Bank posts $15m in losses

BMI Bank, a subsidiary of Al Salam Bank – Bahrain, has posted a loss after provisions of BD5.7 million($15 million) for the first nine months of the year as compared to a net profit of BD88,000 during the same period last year.

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