OSLO: DNB Bank ASA reported a second-quarter post-tax profit of NOK 10.4 billion ($980 million), down 3% from NOK 10.8 billion a year earlier, as strong growth across customer segments offset the impact of increased operating expenses and macroeconomic uncertainty. Pre-tax operating profit before impairment stood at NOK 13.8 billion, slightly below NOK 14.1 billion…
Samsung Electronics has announced expectations of a more than tenfold increase in profits for the first quarter of 2024 compared to the previous year. This optimistic projection is attributed to the recovery of chip prices from the post-pandemic lows and a burgeoning demand for artificial intelligence (AI) related products. As the leading global manufacturer of…
AMSTERDAM: ING, one of the largest banks in Europe, announced its financial results for the fourth quarter and the full year of 2023, showing strong performance across its retail and wholesale banking segments. The bank posted a net result of €1,558 million for the fourth quarter, up 31% from the same period in 2022, and…
BAHRAIN: Gulf International Bank (GIB) has announced its period ended 30th September 2021 financial results. The third quarter of 2021 witnessed a significant increase in net profit attributable to the Shareholders of the Bank, reaching $21.2 million compared to a loss of $59.9 million in the same quarter last year. The increase is driven by…
DOHA: All of Qatar Stock Exchange listed companies – with the exception of Qatar General Insurance & Reinsurance Company – have disclosed their financial results for the period ended March 31, 2021. The results show a net profit of QR 10.92 billion compared to QR 8.36 billion for the same period last year, the mount…
DOHA: All of Qatar Stock Exchange (QSE) listed companies have disclosed their financial results for the period ended September 30, 2020. The results show a net profit of QR 24.3 Billion compared to QR 29.4 Billion for the same period last year, with a decrease of 17.26%. All of the financial statements of listed companies…
DUBAI, UAE: Mashreq Bank, one of the leading financial institutions in the UAE, has reported AED 2.1 billion net profit for the year ending December 31, 2019. Mashreq’s CEO, Ahmed Abdelaal, said: “Mashreq Bank continued to register strong performance and achieved a healthy net profit of AED 2.1 billion in the year. Importantly, this was…
DOHA: All of Qatar Stock Exchange (QSE) listed companies have disclosed their financial results for the period ended September 30, 2019. The results show a net profit of QR 29.5 billion compared to QR 31.1 billion for the same period last year, with a decrease of 5.3%. Qatar’s economy has taken a turn for the…