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Saudi Investment Bank Q2 net falls 88pcSaudi Investment Bank (SAIB) said on Monday its second-quarter net profit dropped by 88 per cent due to provisions, sending its shares lower in early trading. The bank made SR22 million ($5.87 million) in the three months to end-June, More… |
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National Bank of Oman net profit tumbles 42.5pcNational Bank of Oman's full-year net profit fell 42.5 per cent to RO26.11 million ($67.82 million) from RO45.38 million in 2008, according to a filing on the Muscat stock exchange on Sunday. National Bank of Oman, the sultanate's third-la More… |
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Saudi Cement Q4 profit down 21pcSaudi Cement Company, the country's second-largest producer of the building material, said the fourth-quarter profit fell 21 per cent to Sr131.7 million ($35.12 million) after a government ban on exports. Saudi Arabia introduced the ba More… |
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Samba Q4 net profit falls 13.5pcSamba Financial Group, Saudi Arabia's second largest lender by market value, said its net profit fell 13.5 per cent in the fourth quarter, in line with analysts' forecasts. Samba made SR826 million ($220.3 million) in the three months to D More… |
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Toyota sees profit plunge 63pcToyota Motor Corporation, the world's number one carmaker, warned operating profits will sink to a 13-year low this year. Other carmakers sought more state help to ride out a financial crisis that is crippling demand and squeezing credit a More… |
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Gulf Bank Q3 profit plunges 13.8pcKuwait's Gulf Bank posted a 13.8 per cent fall in third-quarter net profit as only one credit client and its investment portfolio weighed. Net income in the three months to September 30 came was KD29.925 million ($111.4 million) after More… |
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Emaar profit down 3.85pc on US writedownEmaar Properties said the company missed analysts' forecasts with a 3.85 per cent fall in third-quarter profit as it took a writedown on its US unit amid global financial crisis. Net income fell to Dh1.5 billion ($408.4 million) i More… |
