AerCap Holdings N.V., the world’s largest aircraft leasing company, announced its best-ever financial performance for the fourth quarter and full year of 2023 on Friday. The company’s CEO, Aengus Kelly, attributed the record results to the strong demand for aircraft, engines and helicopters, as well as the recovery of $1.3 billion in insurance settlements during…
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Black Stone Minerals reports strong results for 2023, provides outlook for 2024
Black Stone Minerals, L.P. (NYSE: BSM), a leading owner of oil and natural gas mineral interests in the United States, announced its financial and operating results for the fourth quarter and full year of 2023 and provided guidance for 2024. The Company reported net income of $147.6 million and Adjusted EBITDA of $125.5 million for…
Dr. Sulaiman Al Habib Medical Services Group reports 23.94% net income growth in 2023
Dr. Sulaiman Al Habib Medical Services Group (HMG), one of the largest private healthcare providers in the Middle East, announced its annual financial results for the year 2023, showing strong performance across its hospital and pharmacy segments. According to the group’s financial statement, HMG’s revenues for the year 2023 reached SAR 9,508.44 million, an increase…
Gulf Insurance Group reports strong financial performance in 2023
Gulf Insurance Group (GIG), one of the leading insurance companies in the Middle East, announced its annual financial results for the period ending on 2023-12-31, showing a strong performance across its business segments. The company reported an increase in insurance revenue by SR 84 million or +5.7% as compared to the previous year, reaching SR…
Union Properties posts record net profit of AED 811 million in 2023
DUBAI: Union Properties PJSC (UPP) announced its preliminary financial results for the fiscal year 2023, registering a record net profit of AED 811 million, up by 2607% from 2022. The company’s operating profit also grew by 60%, reaching AED 508 million. The company attributed its exceptional performance to its strategic approach, market position, and diversified…
Capgemini beats financial targets in 2023 despite market slowdown
PARIS: Capgemini, a global leader in consulting, technology and outsourcing services, announced its 2023 financial results on Tuesday, showing a solid performance in a challenging economic environment. The Group reported revenues of €22.5 billion, up 2.4% year-on-year, and an operating margin of 13.3%, exceeding its target range. Net profit increased by 7% to €1.7 billion,…
Emirates Steel Arkan posts 18% rise in net profit in 2023
ABU DHABI: Emirates Steel Arkan, a leading steel producer in the UAE, announced on Tuesday that it achieved a net profit of AED 601.9 million in 2023, an increase of 18% from AED 510.2 million in 2022. The company attributed the growth to higher sales volumes, improved product mix, and operational efficiency. The company also…
ADNOC Gas reports strong financial results and growth investments in 2023
ABU DHABI, UAE: ADNOC Gas, a world-class integrated gas processing company, announced its consolidated financial results for Q4 2023 and FY 2023, showing a strong performance driven by volume growth and a positive pricing environment. The Company’s Q4 2023 revenue increased by 7% year-on-year to $6.3 billion, processed volumes rose to 912 TBTU, enough to…
Invictus Investment reports record revenue and expands to 10 new markets in 2023
ABU DHABI, UAE: Invictus Investment Company PLC (ADX: INVICTUS), a leading agro-food enterprise in the Middle East, Africa and Asia, announced its financial results for the 12 months ended December 31, 2023, with a revenue growth of 35% year-on-year to AED 8.1 billion – its highest annual revenue as a listed company. The company also…
KONGSBERG reports record-high order backlog and doubles dividend
KONGSBERG, a leading technology group in Norway, announced its financial results for 2023, showing strong growth, profitability, and order intake. The company also proposed a dividend of NOK 14 per share, which is almost double from last year. The company’s order intake for 2023 was NOK 65.4 billion, corresponding to a book/bill ratio of 1.61.…
AstraZeneca reports strong growth in 2023 despite COVID-19 challenges
AstraZeneca, a global biopharmaceutical company, announced its financial results for the full year 2023, showing a 6% increase in total revenue and a 15% increase in core earnings per share. The company’s total revenue reached $45,811 million, up from $43,075 million in 2022, despite a decline of $3,736 million from COVID-19 medicines. Excluding COVID-19 medicines,…
Norske Skog reports strong 4th quarter results despite weak paper markets
OSLO, NORWAY: Norske Skog, a leading producer of publication and packaging paper, announced its financial results for the fourth quarter of 2023, showing a significant improvement in earnings and cash flow compared to the previous quarter. The company attributed the positive results to the receipt of insurance proceeds related to the fire incident at its…