Wednesday 23 April 2014
 
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profits

Milaha profits jump 14pc to top $260m

Qatar Navigation (Milaha), a leader in marine transportation and offshore support, has reported a net profit of QR 950 million ($260.6 million) for 2013, as against QR835 million during 2012, marking an increase of 14 per cent. Th

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Telcos claim 55pc of profit growth in Saudi

The telecom sector of Saudi Arabia claimed 55 per cent of the overall profit growth of the listed companies, a report said. The sector posted profits of SR14.8 billion ($3.95 billion) in 2013 as against SR11.3 billion in 2012, mar

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Dubai Investments net profit jumps on gains

Conglomerate Dubai Investments reported a more than two-fold jump in its 2013 net profit on Wednesday, on the back of higher gain on fair value of its investments, profit from sale of properties and reduced finance costs. The comp

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Kipco Q2 net profit up 11pc to $33m

Kuwait Projects Co (Kipco), the country's largest investment company by assets, reported a 11 percent rise in second-quarter net profit on Wednesday and said it was on track for double-digit revenue growth this year. Net profi

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Aldar net profit hits $340 million in Q2, up 200pc

Abu Dhabi-based Aldar Properties, a major real estate developer, has posted a net profit of Dh1.25 billion ($340 million) for the second quarter (Q2) of the year, as against Dh418 million during Q2 2012, marking an increase of 200 per cent.

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IHG announces $350m special dividend

InterContinental Hotels Group (IHG), a leading hotel company, has announced a $350 million special dividend as well as an increase of 10 per cent in interim dividend on bumper rise in revenues and profits in the first half of the year.

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Toyota posts $6.7 billion in quarterly profits

Japanese automaker Toyota posted its second best quarterly operating profit at 663.4 billion yen ($6.69 billion), with currency moves, mostly the yen's depreciation, accounting for more than 80 per cent of the rise. While the

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Ahli United posts $403m net profit for H1

Ahli United Bank (AUB) yesterday reported a net profit of $403 million for the first half of this year, up 9.9 per cent from the net profit of $190.1 million recorded during the same period of 2012. This included an exceptional ga

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Samsung Q2 profit surges 47.5pc to top $8.5bn

Samsung Electronics has reported a 47.5 per cent rise in April-June operating profit of a record 9.53 trillion won ($8.54 billion), even as profits at its mobile division slipped 3.5 per cent from the previous quarter. The high-en

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BCFC registers net profit of $17m in H1

Bahrain Commercial Facilities Company (BCFC) has reported a consolidated net profit of BD6.4 million ($16.97 million) for the first half of the year, slightly higher than the figure for the same period last year. Net profit for th

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