Net profit

NEWS DESK

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

PR News Desk 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

NEWS DESK

Stellantis Delivers Record Net Revenues, Net Profit

PR News Desk 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%

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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%

PR News Desk 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

PR News Desk 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

PR News Desk 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 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 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 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 […]

Business

DUBAL Holding announces 37% annual growth

News Desk 22/02/2023

Dubai, February 22, 2023: DUBAL Holding LLC (DH), the investment arm of the Dubai Government in the commodities and mining, power and energy, and industrial sectors, reported a net profit of AED 3.7 billion in 2022, reflecting a 37% increase from the previous year’s figure of AED 2.7 billion. This was disclosed at the annual […]

NEWS DESK

SALAMA’s FY 2022 preliminary Net Profit

News Desk 15/02/2023

SALAMA posted a net profit of AED 45.27mn in FY 2022, which was a result of the Company’s strategy to extend its leadership position in the UAE Takaful industry led by consistent growth in gross written contributions and prudent underwriting controls, as well as continuing investment in strategic partnerships. SALAMA’s gross written contributions for 2022 […]

NEWS DESK

National Marine Dredging Group achieves 30% growth

News Desk 02/02/2023

Demonstrating the success of its geographic expansion strategy and ability to enter new business verticals, National Marine Dredging Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups, announced achieving a growth in its net profit by 30% during 2022 to reach AED 1.3 billion, compared to net profit […]