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…
Tag: net profit
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…
SGX reports FY2020 net profit of S$472 million
SINGAPORE: Singapore Exchange (SGX) reported FY2020 net profit of S$472.0 million (S$391.1 million), with revenues of S$1,052.7 million (S$909.8 million). EBITDA stood at S$655.7 million (S$523.5 million), while earnings per share was 44.1 cents (36.5 cents). The Board of Directors has proposed a final quarterly dividend of 8.0 cents per share, payable on 9 October…
Dubai Financial Market posts 21% increase in net profit for 1HFY20
DUBAI: Dubai Financial Market (PJSC) announced its financial results for the first half of the year ending 30 June 2020, registering a 21% increase in its net profit to AED 78.9 Million compared to AED 65.1 Million during the corresponding period of 2019. The net profit of the second quarter of 2020 reached AED 44.2…
Emirates NBD reports 45% decline in net profit to AED 4.1 billion
DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 4.1 billion for the first half of 2020 ending June 30, 2020, a news release said. Net interest income increased 36% y-o-y and non-funded income grew 24% y-o-y with the acquisition of DenizBank in 2019. Net profit declined 45%…
Qatar Electricity and Water posts profit of QR 661 million
DOHA: Qatar Electricity and Water (QEWC) posted a net profit of QR 661 Million (net of non-controlling interests) for the half-year ended June 30, 2020 against QR 620 million for the same period of the year 2019. The Earning per Share (EPS) amounted QR 0.60 in 2020 compared to QR 0.56 for the same period…
Deyaar Development posts net profit of AED2.6 million in Q1 2020
DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first quarter of 2020, wherein the company reported revenues of AED 98.8 million and net profit of AED 2.6 million for the three months ending 31st March 2020 after recording a precautionary provision for…
Al Salam Bank reports 14% growth in net profit to BD 21.1 million in 2019
MANAMA, BAHRAIN: Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD 4 million in the fourth quarter of 2019 compared to BD 5 million in the fourth quarter of 2018, a variance of 20% and a corresponding earnings per share at 1.8 fils compared with 2.3 fils per share for the same…
Air Arabia reports net profit of AED 1 billion for 2019
SHARJAH, UAE: Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, announced its financial results for the full year ending 31 December 2019, reflecting a record year of profitability and continued growth. Air Arabia reported a track record net profit of AED 1 billion for the full year ending December 31,…
Commercial Bank of Dubai posts 20.5% growth in net profit
DUBAI: The Commercial Bank of Dubai (CBD) has reported 20.5% increase in net profit to AED 1.4 billion for the 2019 full year. The result was delivered on the back of broad based business improvements aligned with the bank’s strategy. Impairment allowances increased by 6.2% as the bank prudently increased provisions for non-performing loans. Operating…
Oman Insurance posts net profit of AED 190.5 million for 2019
DUBAI: Oman Insurance Company has reported a turnaround net profit of AED 190.5 million for the year ended December 31, 2019, making it one the best in last 5 years. This was achieved due to the forward-looking strategies defined in 2018 and with placing primary focus on customer satisfaction. Despite the challenging environment, with downward…
Emirates Islamic’s net profit surpasses AED 1.0bn mark for the first time
DUBAI: Emirates Islamic (EIB), one of the leading Islamic financial institutions in the UAE, has reported a strong set of results with net profit of AED 1.061 billion for the year ended December 31, 2019, surpassing the one billion dirham mark for the first time. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, Vice Chairman…