Saturday 1 November 2014
 
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profits

Millennium & Copthorne's profit surge 6.6pc

London-based Millennium & Copthorne (M&C) Hotels’ third-quarter profit rose 6.6 per cent as an increase in global business travel drove occupancy and room rates. Pre-tax profit rose to £50.2 million ($80.16 million)

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Smartphone woes drag Samsung profit to 3-year low

Samsung Electronics saw its July-September quarterly profit fall to the lowest level in more than three years, as a decline in earnings from its smartphone business set the South Korean giant on track for its worst year since 2011.

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Egypt's Juhayna set for recovery after ‘difficult year’

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said. Safwan Thabet said

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Saudi's Yansab Q3 net profit falls 20pc as sales drop

Saudi Arabia's Yanbu National Petrochemical (Yansab) reported a 20.1 per cent drop in third-quarter net profit, in line with analysts' estimates, as sales volumes declined.   The firm, a subsidiary of Sau

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Samsung's Q2 profit slides 25pc to $7bn

Samsung Electronics sung said its operating profit fell 24.6 per cent in the second quarter of the year  to 7.2 trillion won ($7.03 billion), marking its worst quarterly profit in two years. The drop in profits also flagged u

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StanChart warns on profits as markets arm slumps

Standard Chartered warned profits would fall in 2014 for the second year in a row after first-half earnings dropped by a fifth due to tougher regulations and low market volatility in its trading business. The bank also said on Thu

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Arab Bank posts 5.4pc rise in Q1 profits

Arab Bank Group reported 5.4 per cent growth in net profits after taxes and provisions for the first quarter of 2014, reaching $216.3 million compared to $205.1 million for the same period last year. Customer deposits also increas

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Emaar aims to quadruple profits by 2018

Emaar Properties, Dubai's largest listed real estate developer, predicted on Wednesday that its profits would more than quadruple by 2018 as the emirate's economy booms and the company's overseas business expands. The

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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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