Revenue

Automotive Business

Jaguar Land Rover reports resilient Q2 FY25 performance

Arnold Pinto 14/11/2024 0

With 25% increase in H1 profits Jaguar Land Rover (JLR) has registered a resilient performance for the second quarter (Q2) of FY25, marking its eighth consecutive profitable quarter despite temporary production challenges due to aluminium supply shortages. The British company reported revenue

NEWS DESK

DEWA reports highest top line results in history with a record first 9-month revenue

News Desk 1 13/11/2024 0

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first 9 month consolidated financial results for 2024, recording cumulative revenue of AED 23.5 billion, EBITDA of AED 11.8 billion, and net profit

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Emirates Stallions Group achieves 125% YoY Growth in Revenue in Q3 2024

News Desk 1 29/10/2024 0

Emirates Stallions Group (ADX: ESG), the leading conglomerate operating across the Workforce Solutions, Construction and Real Estate sectors, and a subsidiary of International Holding Company (ADX: IHC), today announced a leap in operational profit to AED 151.78 million in the first nine months of 2024, achieving a growth of 69% compared to the same period […]

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Response Plus Holding reports 30% surge in Revenueto AED 323.03 million in the third quarter of 2024

News Desk 2 11/10/2024 0

Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the UAE and KSA, has announced a 30% increase in Revenue in the third quarter of 2024. As per the preliminary results for the period ending September 30, 2024, RPM’s Revenue surged to AED 323.03 million, compared to AED […]

Transport

Dubai RTA earned AED3.7 billion from digital transactions in 2023

News Desk 2 06/10/2024 0

821 million transactions conducted Dubai Roads and Transport Authority’s digital revenues for 2023 soared by 16.8% over 2022, reaching AED 3.705 billion. The digital transactions conducted through the Dubai RTA’s channels reached 821 million, a slight 1% increase from 2022. Notably, transactions via the transport agency’ smart apps surged to 15.299 million, reflecting a

NEWS DESK

MultiBank Group Achieves Record-Breaking Revenue and Exceptional Profit Growth in 2023

News Desk 1 22/08/2024

MultiBank Group, one of the world’s largest financial derivatives institutions headquartered in Dubai, announces its most successful financial year to date, with an impressive revenue of $306,636,717 in 2023. Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase, growing from $279,523,140 in 2022. This milestone

Business

SIXT reports record €1 billion revenue for Q2 2024

Arnold Pinto 14/08/2024 0

Strong growth and earnings drive positive results SIXT SE, the international mobility provider, has reported revenue for Q2 2024, reaching €1.01 billion—a notable 8.9% increase compared to last year. Sixt SE, with its registered office in Pullach near Munich, Germany, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT

NEWS DESK

Response Plus Holding revenue surges 24% to AED 209.88 million in the first half of 2024

News Desk 1 13/08/2024

Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the UAE and KSA, has released its interim half-year results for the period ending on June 30th, 2024. The group’s revenue surged to AED 209.88 million in the first half of 2024, compared to AED 168.77 million in H1 […]

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Ghitha Delivers Impressive 18% Revenue Growth

News Desk 2 27/07/2024

Ghitha Holding PJSC (ADX: Ghitha), the Abu Dhabi-headquartered conglomerate spanning Dairy, Poultry, Vegetable Oil, Seafood, Agriculture, Retail, and Distribution, and a subsidiary of International Holding Company (ADX: IHC), has reported a robust AED 2.45 billion in revenue for H1 2024, marking an impressive 18% year-over-year growth. This milestone underscores Ghitha’s

NEWS DESK

Kenvue Releases Inaugural Healthy Lives Mission Report

News Desk 2 25/06/2024

Kenvue Inc. (NYSE: KVUE) (“Kenvue” or the “Company”), the world’s largest pure-play consumer health company by revenue, today released its first-ever Healthy Lives Mission Report and shared how the Company advanced the well-being of both people and planet in 2023. “We recognize that human health is inseparably linked to environmental health and our commitment to […]

NEWS DESK

Ministry of Economy: Cooperative revenue hits AED 7.5 billion in 2022, marking 7% growth

News Desk 2 04/06/2024

 The Ministry of Economy released a comprehensive report detailing the exceptional financial and operational performance of the UAE’s cooperative sector for 2022, underscoring its vital role in strengthening national economic growth and enhancing competitiveness. The report revealed that total cooperative revenues surged to AED 7.5 billion in 2022, marking a 7 per

Business

NVIDIA Posts Record First Quarter Fiscal 2025 Results

Arnold Pinto 24/05/2024 0

Data Centre Revenue Tops $22.6 Billion NVIDIA Corporation has announced its financial results for the first quarter of fiscal 2025, sending waves through the market with record-breaking figures. The period ending April 28, 2024, saw the US-based tech giant achieve unprecedented milestones, underscored by a remarkable quarterly revenue of $26.0 billion, marking an 18% surge

Corporate Finance

Cognizant Reports Revenue Of $4.76 Billion For Q1 2024

Arnold Pinto 18/05/2024 0

Financial Results Exceed Expectations Cognizant’s first quarter 2024 financial results, unveiled earlier this month, exceeded expectations and showcased resilience in the face of evolving market conditions. In the first quarter of 2024, Teaneck, New Jersey-headquartered Cognizant, reported a revenue of $4.76 billion, slightly lower than the $4.81 billion recorded in the

NEWS DESK

NetApp Appoints Market Growth and Revenue Operations Leader, Dallas Olson to Chief Commercial Officer Role

News Desk 2 07/05/2024

NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Dallas Olson as the company’s new Chief Commercial Officer, reporting to NetApp’s President, César Cernuda. Olson brings over 25 years of experience building high-performance teams responsible for planning, operations, enablement, engagement, and go-to-market strategies. As NetApp’s CCO,

NEWS DESK

ZentrumHub’s Technology Boosts Akbar Travels’ Growth, Tripling Revenue

News Desk 2 30/04/2024

ZentrumHub, a leader in travel technology solutions, has been instrumental in tripling the revenue of its long-standing partner, Akbar Travels. This remarkable growth underscores the effectiveness of ZentrumHub’s innovative platform, Zentrum Connect, in enhancing Akbar Travels’ operational capabilities and market reach. Akbar Travels, a well-established name in the travel

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HCLTech Reports FY24 Revenue of $13.3 Billion

News Desk 2 30/04/2024

HCLTech, a leading global technology company, today reported financial results for the fourth quarter and the full year ended March 31, 2024. The company reported full year revenue of $13.3 billion, up 5.4% YoY. Digital Services revenue grew by 5.3% (CC) and now contributes to 37.3% of IT Services revenue. HCLSoftware’s Annual Recurring Revenue came […]

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HCLTech Reports FY24 Revenue of $13.3 Billion, up 5.4% YoY

News Desk 2 27/04/2024

HCLTech, a leading global technology company, today reported financial results for the fourth quarter and the full year ended March 31, 2024. The company reported full year revenue of $13.3 billion, up 5.4% YoY. Digital Services revenue grew by 5.3% (CC) and now contributes to 37.3% of IT Services revenue. HCLSoftware’s Annual Recurring Revenue came […]

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ASCOTT’S GLOBAL LOYALTY PLATFORM ‘ASCOTT STAR REWARDS’

News Desk 2 24/04/2024

The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today marked the 5th year of its global loyalty platform, Ascott Star Rewards (ASR), with record results from FY 2023. Having grown exponentially since its launch in April 2019, Ascott achieved its highest ever room revenue from ASR members last year […]

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‘Reputation House’ Reports Dh4.8 million Increase in Revenue in MENA region

News Desk 1 30/03/2024

Reputation House, the leading Online Reputation Management (ORM) company, has announced stellar performance for the fiscal year 2023, marking a significant milestone with a Dh4.8 million ($1.3 million) increase in revenue and 10% month-on-month growth in 2023 in the Middle East and North Africa (MENA) region. As the company positions itself for further expansion into […]

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More than 70% of UAE retailers see increase in revenue and customer traffic since accepting digital payments: Visa study

News Desk 1 05/03/2024

Visa (NYSE:V), a world leader in digital payments, has unveiled the results of an independent study titled ‘Value of Acceptance’, which explores merchants’ attitudes towards digital payments and the impact of digital commerce on small businesses and retailers in the UAE. According to the study, more than 70% of UAE merchants surveyed claim increased