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).
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
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.
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.
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
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.
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
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.
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
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