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Several UAE firms to disclose financials Wednesday

Several UAE firms to disclose financials Wednesday
Photo Credit: Arabianeye-Reuters
DIB
DIB
0.53% 5.71 0.03
Agthia
AGTHIA
-0.89% 5.57 -0.05
RAPCO Investment
RAPCO
1.88% 1.63 0.03

FAB
NBAD
-1.74% 12.42 -0.22
Dubai Investments
DIC
-0.43% 2.31 -0.01

 

UAE – Mubasher: Several companies are scheduled to announce their financials for the first half of 2015 in their respective markets, whether the Abu Dhabi Securities Exchange (ADX) or Dubai Financial Market (DFM).

The most important of these companies are: Dubai Investments (DI), Dubai Islamic Bank (DIB), the National Bank of Abu Dhabi (NBAD), Agthia Group, and Ras Al Khaimah Poultry and Feeding Co. (RAPCO).

NBAD’s board is scheduled to meet in the UK at 10am London time/1pm UAE time. The bank previously posted a slight increase of 1% in its net profits for the first quarter of the year on a year-on-year basis to AED 1.423 billion, compared to AED 1.41 billion, whereas a quarter-on-quarter basis shows a rise of 3.7%.

DIB is set to meet today as well. The bank previously reported a net profit increase of 34% to AED 850.4 million in Q1-15 compared to AED 636.6 million in the same period the year before.

DI’s board is set to meet by circulation on Wednesday afternoon to discuss and approve financials for H1-15. DI previously said it achieved a net profit increase of 6.4% to AED 282 million in Q1-15 from AED 265 million the same period last year.

Agthia Group will also meet today. It previously posted a net profit of AED 59.2 million in Q1-15, a rise of 22% from AED 48.7 million in Q1-14.

Finally, RAPCO will tackle first half results today and previously posted a net profit decline in Q1 this year to AED 4.45 million ($1.2 million) from AED 13.7 million ($3.73 million).