OSLO, NORWAY: DNB, Norway’s premier financial institution, has disclosed its financial outcomes for the first quarter of 2024. The bank’s profit was reported at NOK 10.2 billion, a slight decrease of 2.6 percent or NOK 0.3 billion from the same period last year. Despite this minor dip, the results are indicative of a strong performance,…
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Impact Healthcare REIT reports 189% increase in profit for 2023
LONDON: Impact Healthcare REIT plc (LON: IHR) has announced its annual results for the year ended 31 December 2023. The real estate investment trust, known for its diversified portfolio of UK healthcare real estate assets, primarily care homes, has reported a significant increase in statutory profit before tax by 189% compared to the previous year.…
Hansard Global reports 32% rise in profit amid higher fees and interest rates
LONDON, UK: Hansard Global plc, the specialist long-term savings provider, announced its results for the six months ended 31 December 2023, showing a 32% increase in profit before tax to £4.1m, compared to £3.1m in the same period last year. Hansard Global attributed the improved performance to higher fee income, especially from its international business,…
Summerset Group posts record profit and growth despite challenges
SYDNEY: Summerset Group Holdings Limited, a leading retirement village operator in New Zealand and Australia, announced a record underlying profit of NZ$190.3 million for 2023, up 11.0% from 2022. The company also reported its second highest ever net profit after tax of NZ$436.3 million. Summerset Chief Executive Scott Scoullar said the company had a very…
Norwegian Air reports record profits and completes Widerøe acquisition
OSLO, NORWAY: Norwegian Air, one of Europe’s leading low-cost airlines, announced today its fourth quarter and full-year results for 2023, showing the highest operating profit and margin in its history. The company also completed the acquisition of Widerøe, a regional carrier in Norway, to expand its network and diversify its operations. According to the company’s…
Orient Insurance posts record profits of AED 636 Million in 2023
DUBAI: Orient Insurance Company (PJSC), a subsidiary of Al-Futtaim Group and a leader in the insurance market, announced today its impressive financial performance for the year ending on 31/12/2023. The company reported a net profit of AED 636 million, a 23% increase from AED 519 million in 2022. Its insurance revenue also rose by 28.4%…
Turners Automotive Group raises dividend forecast
SYDNEY, AUSTRALIA: Turners Automotive Group Limited (NZX/ASX: TRA), a leading provider of automotive services in New Zealand, has announced an upgrade to its profit guidance for the financial year 2024, citing strong performance across its business segments. The company expects to report a net profit before tax of at least NZ$48m, surpassing the NZ$45.5m achieved…
Emirates Investment Bank posts decline in profits
DUBAI, UAE: Emirates Investment Bank (EIBank) announced its financial results for the first nine months of 2019 recording total comprehensive income for the nine-month period ended 30 September 2019 reaching AED 30.37 million as against AED 29.65 million same period in 2018. Net profit reached AED 21.50 million for the nine-month period ended 30 September…
Doha Insurance posts profits
DOHA: Doha Insurance disclosed its financial statements for the period ending on the 30th of September, 2019. The statements show that the Net profit reached QR 40 million compared to net profit of QR 35.4 million for the same period of the previous year. Earnings per share amounted to QR 0.08 for the period ending…
SGX reports 1Q FY2020 net profit of S$114 million
SINGAPORE: Singapore Exchange (SGX) has reported 1Q FY2020 net profit of S$114.2 million with revenues of S$247.6 million. EBITDA came in at S$156.4 million and earnings per share was 10.7 cents. The Board of Directors has declared an interim dividend of 7.5 cents per share, payable on 11 November 2019. Loh Boon Chye, Chief Executive…
Esterad Investment posts BD 1.17 million profits for the nine months of 2019
BAHRAIN: Esterad Investment Company (ESTERAD) announced at a meeting of its board of directors on Wednesday 23rd October 2019, the nine months financial results for the current year including the financial results of third quarter. Esterad achieved a net profit (attributable to the shareholders of the parent company) during the third quarter of 2019 amounting…
Emirates Integrated Telecommunications post profit of AED 464mn
DUBAI, UAE: Emirates Integrated Telecommunications Company (EITC) published its financial results for Q2 2019 ended June 30, 2019, reporting AED 3.19 billion revenues, AED 1.47 billion EBITDA and AED 464 million net profit after royalty for the second quarter of the year. For H1 2019, Emirates Integrated Telecommunications Company (EITC) reported revenues of AED 6.33…