Sunday 21 December 2014
 
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profit

Napco posts net profits of $1.2m

National Aluminium Products Company (Napco), a leading extruders of aluminum profiles in the GCC, has posted strong performance for the first three quarters of the year, with net profits worth more than RO486,000 ($1.2 million). I

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Saudi construction firms' profit plunges 39pc

The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million) in the first nine months compared to SR871 million ($232 million) in the same period last year, s

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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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