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Results for

profit

48 Results
  • FlyDubai announces record profit as Gulf air travel booms

    FlyDubai announces record profit as Gulf air travel booms

    Budget carrier FlyDubai announced record profits on Wednesday, benefitting from a surge in air travel following the lifting of pandemic ...
    Aviation & Transport
  • Saudi Aramco posts 39 pct jump in third-quarter profits: Statement

    Saudi Aramco posts 39 pct jump in third-quarter profits: Statement

    Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices ...
    Energy
  • Netflix shares slip as spending weighs on profits

    Netflix shares slip as spending weighs on profits

    Netflix shares swung lower Thursday as spending at the leading streaming television service weighed on quarterly revenue that fell slightly short of ...
    Technology
  • Amid phony accounts reports, Twitter to prioritize platform over user growth

    Amid phony accounts reports, Twitter to prioritize platform over user growth

    Twitter Inc on Friday reported fewer monthly active users than analysts expected and warned that the closely-watched figure could keep falling as it ...
    Middle East
  • Dubai’s Emirates airline profit more than doubles on cargo demand

    Dubai’s Emirates airline profit more than doubles on cargo demand

    Leading Middle East airline Emirates said on Wednesday its net profits had more than doubled last year, mainly on improved cargo business. The Dubai ...
    Aviation & Transport
  • Samsung Electronics reports record Q4 and full year profits

    Samsung Electronics reports record Q4 and full year profits

    Samsung Electronics reported a 73 percent jump in its fourth quarter net profit on Wednesday, setting a record for any three-month period, mainly ...
    Technology
  • Samsung projects $14.1 billion Q4 operating profits

    Samsung projects $14.1 billion Q4 operating profits

    South Korean telecom giant Samsung Electronics expects to post record operating profits of $14.1 billion in the fourth quarter, it said Tuesday.The ...
    Economy
  • Industries Qatar Q2 profit shrinks 47 pct, misses estimates

    Industries Qatar Q2 profit shrinks 47 pct, misses estimates

    Profit at petrochemicals, metals and fertilizer conglomerate Industries Qatar shrank 47 percent from a year earlier in the second quarter of 2017 ...
    Economy
  • Profit more than doubles for Malaysia’s Petronas

    Profit more than doubles for Malaysia’s Petronas

    Malaysia’s state energy firm Petronas on Friday said its first quarter profits were more than twice the figure seen in the same period last year ...
    Energy
  • Dubai’s Emaar Properties posts 15 pct jump in first-quarter profit

    Dubai’s Emaar Properties posts 15 pct jump in first-quarter profit

    Dubai’s Emaar Properties, builder of the world’s tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly ...
    Economy
  • Saudi Electricity swings to Q1 profit after municipality fee exemption

    Saudi Electricity swings to Q1 profit after municipality fee exemption

    Saudi Electricity Co (SEC) swung to a first-quarter profit on Wednesday after a royal decree exempted the Gulf’s largest utility firm from ...
    Economy
  • Jordan’s Arab Bank reports Q1 net profit of $218.2 mln

    Jordan’s Arab Bank reports Q1 net profit of $218.2 mln

    Arab Bank Group, Jordan’s largest lender, on Monday reported a first-quarter net profit of $218.2 million, little changed from $218.3 million a ...
    Economy
  • Profit leaps 80 pct at Saudi’s SABIC in Q1 as product prices improve

    Profit leaps 80 pct at Saudi’s SABIC in Q1 as product prices improve

    Net profit at Saudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemical producers, jumped 80 percent from a year earlier in ...
    Energy
  • Boeing profits jump but commercial air deliveries fall

    Boeing profits jump but commercial air deliveries fall

    Aerospace giant Boeing said on Wednesday declining costs boosted earnings for the latest quarter, but revenues missed analyst expectations as ...
    Economy
  • General Electric return to profitability in first quarter

    General Electric return to profitability in first quarter

    Higher power and aviation earnings helped General Electric return to profitability in the first quarter as it announced plans Friday for cost cuts ...
    Economy
  • British Airways parent lifts profit despite weak pound

    British Airways parent lifts profit despite weak pound

    IAG, parent group of British Airways and Spanish carrier Iberia, grew profits in 2016 as lower fuel costs helped to offset the impact of a weaker ...
    Economy
  • Saudi’s Almarai Q4 net profit up 1 pct, close to forecasts

    Saudi’s Almarai Q4 net profit up 1 pct, close to forecasts

    Cost controls, efficiency gains to remain a priority for the Gulf’s largest dairy company
    Economy
  • Qatar National Bank fourth quarter net profit up 8.3 pct to $755 mln

    Qatar National Bank fourth quarter net profit up 8.3 pct to $755 mln

    For 2016 as a whole, QNB, now the largest bank in the Middle East and Africa by assets, reported a net profit of 12.4 billion riyals, up 10 percent from 2015
    Economy
  • Foreigners can repatriate profits soon, says Egypt Central Bank governor

    Foreigners can repatriate profits soon, says Egypt Central Bank governor

    Banking sector had secured inflows of between $7.5 bln and $8 bln since the Egyptian pound was floated on Nov. 3.
    Economy
  • Kuwait’s Agility expects logistics profit, revenue growth in 2017

    Kuwait’s Agility expects logistics profit, revenue growth in 2017

    Company profit climbed 11 percent to $141.45 mln in first nine months of 2016
    Energy
  • Saudi’s Tasnee swings to Q3 net profit on volumes, feedstock costs

    Saudi’s Tasnee swings to Q3 net profit on volumes, feedstock costs

    Lower feedstock costs, higher sales drive earnings; CEO says in talks to refinance $1 bln loan
    Economy
  • 21st Century Fox earnings lifted to $567 million by news and hit shows

    21st Century Fox earnings lifted to $567 million by news and hit shows

    Revenues rose seven percent from a year ago in the quarter to June 30 to $6.6 billion for the group that includes the Fox Hollywood studios
    Television & Radio
  • Dubai’s Emaar earns profits in first half of 2016

    Dubai’s Emaar earns profits in first half of 2016

    The property developer credits 40 percent of its profits to its shopping malls, hospitality and leisure businesses
    Business
  • Swooping to new low, Twitter stung by stall in user growth

    Swooping to new low, Twitter stung by stall in user growth

    Twitter posted a loss for the first quarter of 2016 of $80 million, compared with a loss of $162 million in the same period a year ago
    Financial Markets
  • Egypt tourism revenue down 66 pct in Q1 2016

    Egypt tourism revenue down 66 pct in Q1 2016

    More than 14.7 million tourists visited Egypt in 2010, dropping to 9.8 million in 2011
    Economy
  • Saudi’s SABIC Q2 net profit falls slightly, beats forecasts

    Saudi’s SABIC Q2 net profit falls slightly, beats forecasts

    SABIC, which is 70 percent state-owned, blamed the profit fall on lower average sales prices
    Energy
  • Kuwait’s Burgan Bank Q2 net profit rises 23 pct

    Kuwait’s Burgan Bank Q2 net profit rises 23 pct

    A unit of Kuwait Projects Co, Burgan made a net profit of 65.7 million in the three months to the end of June
    Banking & Finance
  • OPEC petroleum exports fall below $1 trillion in 2014 on oil slump

    OPEC petroleum exports fall below $1 trillion in 2014 on oil slump

    Exports from OPEC fell in value to $964.6 billion last year from $1.10 trillion in 2013
    Energy
  • UAE bank NBAD targets Africa, Asia for wealth management growth

    UAE bank NBAD targets Africa, Asia for wealth management growth

    Emirate’s NBAD, the largest lender by assets in the UAE, saw profit and revenue posted by its global wealth unit jump 61 percent
    Banking & Finance
  • Samsung predicts record S6 sales will halt profit slide

    Samsung predicts record S6 sales will halt profit slide

    The Galaxy S6 is the sixth edition of the South Korean electronics giant’s high-end, signature handset
    Business
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