Tuesday 3 March 2015
 
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profits

Flydubai posts 12.3pc increase in net profit

Flydubai, a Dubai-based low cost carrier, has reported a 12.3 per cent increase in net profit for 2014, compared to 2013. The budget carrier posted net profit earnings of Dh250 million ($68 million) with total revenue growing by 19.1 pe

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Etisalat hails landmark year as profits hit $2.4bn

UAE-based Etisalat, a leading telecom group, has reported Dh8.9 billion ($2.4 billion) in profit for 2014 driven by strong performance of domestic operations, marking a 26 per cent rise over the previous year. Full year consolidat

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Flynas aims for profit on lower costs, higher demand

Saudi Arabia's first and only budget airline, flynas, aims to turn profitable this year for the first time since it was launched in 2007, partly by cutting costs, its new chief executive said. The kingdom's air travel mark

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MasterCard Q4 profit jumps 12pc to $858bn

MasterCard , the world's No. 2 debit and credit card company, said worldwide purchase volume increased 12.1 per cent to $858 billion in local currency terms during the fourth quarter of 2014, marking a better-than-expected profit for the hol

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Oman Air aims to become profitable by 2017

Oman Air hopes to achieve profitablity by 2017 under an ambitious plan which focuses on fleet and network expansion and cost reduction. Oman Air chief executive officer Paul Gregorowitsch set out ambitious proposals for growth at a rece

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Ithmaar Bank reports $4.84m net profit

Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a total net profit of $4.84 million for the first nine months of the year, compared to a net loss of $11.97 million in the same period last year. Net profit for the third q

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Bahrain Duty Free posts $15.2m net profit

Bahrain Duty Free has reported a net profit of $15.2 million in the first nine months of the year, up 12.3 per cent compared to last year. The company’s net income rose to $5.9 million in the third quarter, which is a 44.7 per cen

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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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