ABU DHABI, UAE: ADNOC Logistics and Services plc (ADNOC L&S), a global energy maritime logistics announced its Q1 2024 financial results. For the first quarter of 2024, ADNOC L&S delivered a net profit of $194 million (AED712 million), or $0.03 (AED 0.10) per share, representing a 34% increase over a net profit of $145 million…
Tag: net profit
Systems Limited posts 31% increase in net profit during 2023
KARACHI, PAKISTAN: Systems Limited (SYS), a leading technology and telecommunications service provider, has reported a robust financial performance for the calendar year 2023. The company’s profit after tax (PAT) soared to PKR 8,689 million, marking a significant 31% year-over-year (YoY) increase from the previous year’s PKR 6,629 million. Earnings per share (EPS) also rose from…
En+ Group reports net profit plummeted 61.2% to $716 million in 2023
LONDON: En+ Group IPJSC, a leading global producer of aluminium and power, has released its financial and operational results for the fiscal year 2023, revealing a challenging economic landscape marked by geopolitical tensions and market volatility. Despite a significant drop in aluminium prices and a rapid rise in the dollar exchange rate, En+ managed to…
FIPCO posts 22.45% increase in net profit during 2023
RIYADH: Filing and Packing Materials Manufacturing Co. (FIPCO) has released its annual consolidated financial statements for the fiscal year ended December 31, 2023. The company reported a decrease in sales/revenue by 8.71% from the previous year, down to SAR 238 million from SAR 260.7 million. Despite the downturn in sales, FIPCO achieved a 22.45% 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…
Air Arabia posts solid third quarter net profit of AED 209mn
SHARJAH, UAE: Air Arabia announced strong financial results for the third quarter of this year ending September 30, 2021, despite the lasting impact of COVID-19 pandemic on the performance of the aviation industry. Air Arabia registered a strong net profit of AED 209 million for the three months ending September 30, 2021; an increase of…
Macquarie Group announces 10 percent growth in net profit
SYDNEY: Macquarie Group (ASX: MQG) today announced a net profit after tax attributable to ordinary shareholders of $A3.015 billion for the year ended 31 March 2021 (FY21), up 10 percent on the year ended 31 March 2020 (FY20). Profit for the half year ended 31 March 2021 (2H21) was $A2.30 billion, up 106 percent on…
OKEA posts net profit of NOK 182 million in 4Q2020
OSLO, NORWAY: OKEA ASA delivered net profit of NOK 182 million in the fourth quarter 2020. OKEA operating income for the fourth quarter amounted to NOK 584 million, EBITDA was NOK 229 million, and net profit after tax amounted to NOK 182 million. Earnings per share amounted to NOK 1.78. The solid results for the…
Dubai Financial Market posts net profit of AED 137.9 million in 2020
DUBAI: Dubai Financial Market Company (PJSC) announced its results for the financial year ending 31 December 2020, posting a net profit of AED 137.9 million, a 14% growth compared to AED 120.6 million in 2019. Total revenues increased 7% to AED 337.2 million compared to AED 315.8 million. The total revenue comprised of AED 219…
Emirates NBD delivers a net profit of AED7.0 billion in 2020
DUBAI: Emirates NBD delivered a net profit of AED 7.0 billion in 2020 despite a challenging operating environment, a news release said. Total income increased 4% y-o-y as the positive contribution from DenizBank helped offset a decline in net interest margin due to lower interest rates and a reduction in non-funded income. Emirates NBD provided…
Emirates NBD posts net profit of AED 5.6 billion
DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 5.6 billion in the first nine months of 2020, a news release said. Net interest income increased 21% y-o-y and non-funded income grew 9% y-o-y with the full year inclusion of DenizBank. Net profit declined 55% y-o-y due to…
SALAMA 2020 half-year net profit increases 41.03% to AED 47.05mn
DUBAI: Islamic Arab Insurance Company, listed as “SALAMA” on Dubai Financial Market (DFM), announced its interim results for the first six months of 2020 reporting net profit of AED 47.05 million compared with profit of AED 33.36 million in H1 2019. SALAMA reported growth of 6.9% in gross written contribution, from AED 650m in H1…