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UPS Q2 profit up 8.7pc to top $2.2bnUPS, a global logistics company, has posted an operating profit of $2.21 billion for the second quarter (Q2) of the year, as compared to $2.03 billion for Q2 2016, marking an 8.7 per cent rise. The company attributed the increase More… |
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Deyaar's Q2 net profit falls 17.8pcDubai's Deyaar Development reported a 17.8 per cent fall in second-quarter net profit on Wednesday. The company made a profit of Dh60.3 million ($16.4 million) in the three months to June 30, it said in an earnings' statem More… |
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Abu Dhabi Islamic Q2 net profit up 1pcAbu Dhabi Islamic Bank (ADIB) on Thursday posted a 1 per cent rise in second quarter net profit. The emirate's largest sharia-compliant bank made a net profit of Dh507.5 million ($138.2 million) in the three months ending June More… |
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Samsung eyes best Q2 profit in over 2 yearsTech giant Samsung Electronics said on Thursday its second-quarter operating profit likely rose 17.4 per cent from a year earlier, its highest in more than 2 years as Galaxy S7 smartphone sales propelled mobile earnings. The world More… |
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Aldar Q2 profit surges 18pc to $163mAbu Dhabi-based Aldar Properties, one of the largest developers in the Middle East and North Africa (Mena), has posted a net profit of Dh601 million ($163.5 million) for the second quarter (Q2) of the year, up 18 per cent from Dh509 million ($13 More… |
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Qatar Electricity Q2 profit dips 6.1pcQatar Electricity and Water Co (QEWC), the Gulf state's monopoly utility firm, reported a 6.1 per cent fall in second-quarter net profit on Monday, according to Reuters calculations, missing the analysts' forecast. The uti More… |
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Telecom Egypt Q2 profit up 14pc to $142mFixed-line monopoly Telecom Egypt posted $142.66 million in net profit in the second quarter and said on Wednesday it hoped to obtain a unified landline and mobile license soon allowing it to boost earnings further. The net profit More… |
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Damac Q2 profit rises 18pc to $253mDubai luxury property developer Damac posted an 18 per cent increase in second-quarter profit and said demand for high-end property would remain strong, despite signs of a slowdown in the emirate's wider real estate sector. Da More… |
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CBRE posts Q2 net profit, revenue upCB Richard Ellis Group (CBRE), one of the world's largest commercial real estate service companies, posted a second-quarter net profit and its strongest revenue growth since 2007, sending shares up 5.5 per cent in after-hours trade. Second More… |
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CIB net profit slides to $79m in Q2Egypt's Commercial International Bank (CIB), a leading private sector lender, has reported a second quarter 2009 consolidated net profit of EGP439 million ($79.2 million), compared to EGP527.3 million a year earlier. The net profi More… |
