ABU DHABI: First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, reported on Wednesday a 24% rise in nine-month net profit, driven by higher revenue across its businesses and lower impairment charges, putting it on track to meet its full-year guidance. Net profit after tax for the first nine months of 2025 reached…
Company posted net profit after tax of $10.116 billion, an 8% increase from the prior year SYDNEY: Commonwealth Bank of Australia (CBA) announced strong financial results for the full year ended June 30, 2025, with an 8% increase in profit after tax. The bank also declared a final dividend of $2.60 per share, fully franked,…
Company posted a profit before tax of $502.5 million for the first half of 2025, a 31% decrease LONDON: Beazley plc, the specialist insurance company, announced Wednesday a profit before tax of $502.5 million for the first half of 2025, a 31% decrease from the $728.9 million reported in the same period last year. The…
Bank reports record corporate lending and lowest cost of deposits among UK high street competitors, signaling successful execution of turnaround strategy LONDON: Metro Bank Holdings PLC on Wednesday reported strong financial performance for the first half of 2025, with profits more than tripling due to strategic actions that included increased lending and reduced operating costs….
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,…
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….
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,…
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…
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…
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%…
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…
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…