Net profit

NEWS DESK

ADNIC achieves 2024 full year net profit before tax of AED 466.4 million  

News Desk 1 05/02/2025 0

Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, delivered a remarkable performance during 2024, with the highest ever reported total Insurance Revenue as well as overall Net Profit, driven by a robust

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UAB delivers 30% growth in FY 2024 net profit (before tax)Driven by Strong business momentum

News Desk 1 04/02/2025 0

United Arab Bank P.J.S.C ("UAB" or “the Bank”) reports its financial results for the full year ending 31st December 2024.   UAB posted a net profit (before tax( of AED 331 million for the year 2024, compared to AED 255 million in 2023 representing an increase of 30%. The growth in net profit stems from […]

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ADCB aims to double net profit to AED 20bn within five years through a new strategy

News Desk 1 27/01/2025 0

On the year of its 40th anniversary, Abu Dhabi Commercial Bank (‘ADCB’) has embarked on a visionary growth strategy, aligning with the UAE’s progressive economic trajectory and contributing to the country’s position as a leading global financial powerhouse. The strategy charts a clear blueprint to align with the country’s ambitions through a substantial increase in […]

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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 the third quarter of 2024, Bahri recorded a net profit of […]

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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 […]

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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

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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 […]

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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

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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 […]

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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 […]

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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, […]

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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) […]

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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.

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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 […]

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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. […]

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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 […]

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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%

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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 […]

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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 […]

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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 […]