Net profit

NEWS DESK

BAHRI REPORTS STRONG INTERIM RESULTS

News Desk 1 01/11/2024 0

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, today announced its financial results for the third quarter and the first nine months of 2024, reporting strong profit growth.  For

NEWS DESK

With Important Product-Led Transition Year Underway, Stellantis Delivers €5.6 Billion Net Profit

News Desk 2 26/07/2024

Stellantis N.V. today announced results for the first half of 2024, including €85.0 billion of Net revenues, down 14% y-o-y, and €5.6 billion in Net profit, down 48% y-o-y. AOI(1) of €8.5 billion represented a 10% AOI margin(2), and Adjusted diluted EPS(5) decreased 35% y-o-y. Lower financial performance in the first half of 2024 was […]

NEWS DESK

Qatar Airways Group Celebrates a Record-breaking Net Profit

News Desk 2 02/07/2024

Qatar Airways Group has today reported the strongest financial performance in its 27-year history, announcing record profits of QAR6.1 billion (US$1.7 billion) in its Annual Report for the 2023/24 financial year. The multiple award-winning airline group reported historic net profits of QAR6.1 billion (US$1.7 billion) during the 2023/24 fiscal, with a total revenue of QAR81

NEWS DESK

Air Arabia reports first quarter 2024 net profit of AED 266 million

News Desk 2 14/05/2024

Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, today reported a strong first quarter 2024 financial and operational results, as the airline continued to expand its network and further strengthening its leadership position in the market. Air Arabia reported a net profit of AED 266 […]

NEWS DESK

IHC Records Exceptional 87.6% Growth

News Desk 2 07/05/2024

International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, announces a 87.6% growth for the first quarter of 2024 with AED 8.0 billion in Net Profit (vs. AED 4.3 billion in Q1 2023), showcasing significant growth and a steadfast commitment to enhancing shareholder value. This growth was propelled by strong performances across IHC’s core

NEWS DESK

Bank of Sharjah makes strong rebound in Q1 2024 with a net profit of AED 80 million

News Desk 2 02/05/2024

Bank of Sharjah has reported a strong start to 2024, with first-quarter results showcasing a significant increase in net profit to AED 80 million. The Bank’s robust metrics are the result of strict adherence to a focused approach to funding, lending, and operational effectiveness. In this regard, the Bank has demonstrated comfortable liquidity, with a […]

NEWS DESK

Apex Investment PSC Announces 625% YOY increase in Net Profit

News Desk 2 30/04/2024

Apex CEO, Mark Blackwell, said: “2023 was all about change. We undertook a holistic transformation across our Group of Companies to establish core foundations to ensure we continue to bring world class offerings to our Clients and the Market.  This meant fundamental changes across every aspect of the business, requiring both bold and difficult decisions […]

NEWS DESK

Response Plus Holding Net Profit surges68% to AED 49.39 million during 2023

News Desk 1 22/03/2024

Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the UAE and KSA, has released its audited financial results for the period ending December 31, 2023. The Group’s Net Profit surged 68% to AED 49.39 million during 2023, compared to AED 29.31 million recorded in the previous year, […]

NEWS DESK

Stellantis Delivers Record Net Revenues, Net Profit

News Desk 1 15/02/2024

Stellantis N.V. today reported record full year 2023 results. Net revenues grew 6% y-o-y to €189.5 billion, Net profit rose 11% to €18.6 billion, and Industrial free cash flows increased 19% y-o-y to €12.9 billion.Global BEV sales are up 21% y-o-y and LEV sales up are 27% y-o-y, with PHEVs in the U.S. at #1(3) […]

NEWS DESK

Air Arabia delivers record 2023 net profit of AED 1.5 billion, up 27%

News Desk 1 14/02/2024

Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, has announced record financial results for the full year ending December 31, 2023. The airline has achieved double-digit growth in profitability and passenger numbers, showcasing its commitment to growth plans and exceptional financial and operational performance.

NEWS DESK

Omantel Group reports 28.7% rise in Q3 net profit

News Desk 1 15/11/2023

Oman Telecommunications Company Group (MSX: OTEL) reported significant growth for the nine months ended September 2023, net profit increasing 28.7% from RO 195 Mn to RO 251 Mn at the end of September 2023. Group revenue grew 10.6% from RO 1981.5 Mn to RO 2192.5 Mn at the end of September 2023. Omantel’s domestic operations […]

NEWS DESK

Agility Reports KD 28 Million Third Quarter Net Profit

News Desk 1 15/11/2023

Agility, a long-term investor and operator in supply chain services, infrastructure, and innovation, today reported third quarter 2023 earnings of KD 28 million, or 10.99 fils per share, an increase of 123% over the same period in 2022. Q3 net profit was favorably affected by a one-off gain as a result of closing an interest rate hedge. […]

NEWS DESK

SALAMA reports strong financial performance with 19% growth in net profit

News Desk 1 15/11/2023

Islamic Arab Insurance Company (DFM listing: “SALAMA”), UAE’s largest Takaful solutions provider, posted a net profit of AED 18.6 million for the first nine months of 2023 (9M 2023), a healthy 19% rise from AED 15.6 million reported in the corresponding period of the previous year. The company reported a significant 21% growth in revenue […]

NEWS DESK

ADNOC Drilling Delivers Robust Growth in Third Quarter, with Net Profit Up 36% Year-on-Year to $257 million

News Desk 1 14/11/2023

ADNOC Drilling Company PJSC (“ADNOC Drilling” or “the Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) today announced its financial results for the third quarter and first nine months of 2023. Third quarter revenue increased to $776 million, up 16% year-on-year with growth across all segments. Third quarter EBITDA increased by an impressive 27%

NEWS DESK

Air Arabia reports record first nine months net profit of AED 1.32 billion, up 53%

News Desk 1 14/11/2023

Air Arabia (PJSC), the Middle East & North Africa’s first and largest low-cost carrier operator, today announced a record financial and operational results for the third quarter and first nine months ending September 30, 2023. Air Arabia reported an all-time record AED 1.32 billion net profit the first nine months ending September 30, 2023, an […]

NEWS DESK

Presight announces strong performance as it crosses
AED 1 billion in revenue for first three quarters of FY2023

News Desk 1 08/11/2023

Presight AI Holding PLC (“Presight” or the “Company”), (ADX: PRESIGHT) today announced strong financial performance for Q3 FY2023 and year-to-date Q3 FY2023, continuing the company’s robust growth trajectory and potential as highlighted at the time of it’s listing on Abu Dhabi Securities Exchange (ADX) in March this year. Presight’s Q3 FY2023 net profit was AED […]

NEWS DESK

e& reports outstanding Q3 financial and operational results

News Desk 1 01/11/2023

e& today announced its consolidated financial results for Q3 2023 reporting consolidated revenues of AED 13.4 billion with a YoY increase of 3.3 per cent while consolidated net profit was AED 3.0 billion, a year-over-year increase of 20 per cent. Financial Highlights for Q3 2023   Q3 2023 Q3 2022 Percent change Revenue AED 13.4 […]

Business

NMDC Group doubles first half net profit to 881 million dirhams

News Desk 2 26/07/2023

Abu Dhabi, United Arab Emirates, 26 July 2023: National Marine Dredging Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups,” has announced a significant surge in its net profit during the first half of 2023, reaching AED 881 million. This remarkable achievement reflects the success of the Group’s […]

NEWS DESK

SALAMA reports successful Q1 2023 results

News Desk 2 15/06/2023

Dubai, June 15, 2023: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, the UAE’s largest Sharia’h Compliant Takaful solutions provider, reported profit of AED 8.04 million in its first quarter results (Q1) of 2023 today. The company successfully implemented new IFRS 17 standards, which came into force on January 1, 2023. This significant

NEWS DESK

Network International Reports Record Revenue and Net Profit Growth

News Desk 2 09/03/2023

March 9, 2023 – Network International (Network), the leading enabler of digital commerce across Africa and the Middle East, today announced its preliminary financial results for the year ended 31 December 2022. Network reported total revenue of USD 438.4 million up 24.5% compared to the previous year led by stellar performance in its Merchant Services […]