Sunday 5 July 2015
 
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profit

Abu Dhabi's IPIC net profit plunges 37pc

Abu Dhabi's state-owned International Petroleum Investment Company (IPIC) reported on Wednesday a 37 per cent drop in net attributable profit for 2014 as low oil prices hurt earnings. IPIC, whose board was revamped this year,

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Dabur Egypt sales up 28pc to $48m

Dabur Egypt, a leading personal care products company in Egypt, has posted earnings EGP368 million ($48 million) in sales during the fiscal 2014-2105, marking a 28 per cent increase over the previous fiscal year. Dabur also posted

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Dabur Egypt sales up 28pc to $48m

Dabur Egypt, a leading personal care products company in Egypt, has posted earnings EGP368 million ($48 million) in sales during the fiscal 2014-2105, marking a 28 per cent increase over the previous fiscal year. Dabur also posted

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Global airlines' profit to hit $29bn in 2015

Airlines are making more profits than ever before, boosted by lower fuel prices and carrying more passengers on fuller planes, according to the industry's global body. The International Air Transport Association (IATA) said gl

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Ibdar Bank net profit soars 200pc to $3m in Q1

Bahrain-based Ibdar Bank said that its financial results for the first quarter of the year was marked by strong performance and profitability. For the quarter, the wholesale Islamic investment bank reported a net profit of $3 mill

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Mezzan posts $18m net profit for Q1, up 24pc

Mezzan Holding, a leading manufacturer and distributor of food, beverage, FMCG and pharmaceutical products in the Gulf, has reported a net profit of KD5.5 million ($18 million) for the first quarter of the year, up 24.8 per cent as compared to t

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Etihad reports 52pc jump in annual profit

Etihad Airways, UAE’s national airline, has reported a 52 per cent rise in its annual profit, reaching $73 million from $48 million a year earlier, the carrier said in an emailed statement on Thursday. With higher passenger number

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Mumtalakat gross profit surges 65pc to $477m

Bahrain Mumtalakat Holding Company, the investment arm of the kingdom, has announced that its full-year results for 2014 reflected another solid financial and operational performance across the group, constituting of 38 portfolio companies.

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Record production lifts GPIC profit to $190m

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has posted a 2.25 per cent rise in net profit at $190.2 million for last year, compared with $186 million for 2013. The profit surge comes on the back of its highest combi

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Record production lifts GPIC profit to $190m

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has posted a 2.25 per cent rise in net profit at $190.2 million for last year, compared with $186 million for 2013. The profit surge comes on the back of its highest combi

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