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17 February 03:22 AM

Financial Results

Net profit rose to KWD 22.2 million in Q4
16 February 07:58 PM Agility’s profit hits over KWD 81 million in 12M
Mubasher: Agility Public Warehousing has reported an 18.4% year-on-year increase in net profit during 2018, recording KWD 81.1 million ($267 million). The Kuwait- and Dubai-listed company’s earnings per share (EPS) reached 56.06 fils, the Kuwait …
Financial Results
National Marine Dredging Company
14 February 08:09 PM National Marine Dredging profits grow 21.7% in 2018
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) on Thursday posted a 21.7% year-on-year surge in its net profits for the financial year 2018. NMDC generated AED 123.088 million in net profits last year, compared with AED 101.132 …
Financial Results
Arkan Building Materials' revenue increased to AED 909 million in 2018
14 February 06:29 PM Arkan Building Materials' profits jump 74% in 2018
Abu Dhabi – Mubasher: Arkan Building Materials on Thursday posted a 74% year-on-year net profit hike in the full year 2018. The company’s profits reached AED 52.4 million ($14.27 million) last year, compared to AED 30.2 million ($8.22 million) in …
Financial Results
Loss per share reached AED 64.1
14 February 06:12 PM ADSB registers AED 135.8m loss in 12M
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has reported a net loss of AED 135.879 million during the full year of 2018 against AED 104.8 million in 2017. The company’s revenue tumbled to AED 455.989 million last year, compared to AED …
Financial Results
Net profits amounted to AED 38.71 million in 2018
14 February 05:52 PM EIBank’s profit falls 31% in 2018
Dubai – Mubasher: Emirates Investment Bank (EIBank), an independent private bank based in the UAE, on Thursday posted a 31% year-on-year drop in profits for the full-year 2018. Net profits amounted to AED 38.71 million in 2018, compared to AED …
Financial Results
Basic loss per share reached AED 10.21.
14 February 05:44 PM Sharjah Group posts over AED 8m loss in 12M
Abu Dhabi – Mubasher: Sharjah Group has swung to loss during last year after reporting profits in 2017. The Abu Dhabi-listed company reported a net loss of AED 8.053 million in 2018, according to a bourse statement. Basic loss per share reached …
Financial Results
Net losses reached AED 153 million in 2018
14 February 05:34 PM Julphar turns to loss in 2018
Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) on Thursday stated that the company turned to loss in the full-year 2018. Net losses reached AED 153 million in 2018, against a profit worth AED 90.3 million in 2017, the company said …
Financial Results
Burgan Drilling recorded a growth of 22.5% in profits in 9 months
14 February 05:30 PM Burgan Drilling Q3 profits decline 61%
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance achieved an increase of 61.3% in profits during the third quarter ended on 31 December 2018 compared to the same period a year ago. Earnings shrank to about KWD 242,520 ($795,990) …
Financial Results
Operating income grew by 4.3% in FY18
14 February 05:24 PM Portland Cement FY18 profits up 12%; dividends proposed
Mubasher: Kuwait Portland Cement recorded a net profit of KWD 2.49 million ($8.2 million) during the fourth quarter of 2018 compared to KWD 997,000 ($3.2 million) in the same period in 2017, a year-on-year surge of 150%. In fiscal year 2018, …
Financial Results
The positive turn in financials was attributed to the company’s performance
14 February 05:22 PM Union Properties logs AED 62m profit in 2018
Dubai – Mubasher: Union Properties (UPP) on Thursday announced that it has turned a profit for during the full-year 2018. Net profits amounted to AED 62.3 million in 2018, against losses worth AED 2.73 billion in 2017, the real estate developer …
Real estate
The group’s revenues rose to AED 165.18 million in 2018
14 February 03:52 PM Shuaa Capital’s profit falls 63% in 2018
Dubai – Mubasher: Shuaa Capital on Thursday announced a 63.3% year-on-year profit drop for the full-year 2018. Net profits amounted to AED 27.18 million in 2018, compared to AED 74.01 million in 2017, according to the company’s statement to the …
Financial Results
Research firms maintains ‘Overweight’ recommendation on Credit Agricole Egypt
14 February 02:57 PM Research firms maintains ‘Overweight’ recommendation on Credit Agricole Egypt
Cairo – Mubasher: Pharos Research has reiterated their ‘Overweight’ recommendation on Credit Agricole Egypt’s stock based on fair value (FV) of EGP 55 per share. The bank has proposed cash dividend at yield of 9.7% this year, which is 12% higher …
Financial Results
Aan Digital is listed on both Boursa Kuwait and the DFM
14 February 02:56 PM Aan Digital Q4 losses shrink 95%
Mubasher: Aan Digital Services Co registered a decrease of 95.6% in losses during the fourth quarter of 2018 compared to the corresponding period last year. Losses shrank to about KWD 234,020 ($772,180) in Q4-18 from nearly KWD 5.33 million …
Financial Results
Revenues grew 37% to AED 25.694 billion in 2018
14 February 02:48 PM Emaar Properties logs 30% profit rise in 2018
Dubai – Mubasher: Emaar Properties, listed on the Dubai Financial Market (DFM), reported a 30% profit increase in 2018, according to the company’s statement. The UAE firm’s profits amounted to AED 7.216 billion ($1.965 billion) in 2018, compared …
Financial Results
CBI’s profits rise to AED 226m in 2018
14 February 02:34 PM CBI’s profits rise to AED 226m in 2018
Abu Dhabi – Mubasher: Commercial Bank International (CBI) on Thursday reported robust results for 2018 and the fourth quarter of 2018, where profits made headway in both period.. The UAE-based bank’s net profits reached AED 226 million ($61.54 …
Banking and Finance
Al Salam is listed on both Boursa Kuwait and the DFM
14 February 02:14 PM Al Salam Group losses deepen 232% in FY18
Mubasher: Al Salam Group Holding registered an increase of 232% in losses during fiscal year 2018 compared to the previous year. Losses enlarged to KWD 276,000 ($910,700) in FY18 from nearly KWD 83,070 ($274,000) in FY17, according to a bourse …
Financial Results
ARIG’s board recommended no cash dividends for 2018.
14 February 02:06 PM Arab Insurance incurs AED 202m loss in 2018
Dubai – Mubasher: Arab Insurance Group (ARIG) on Thursday posted that the company incurred losses worth AED 202.02 million ($55 million) in the full-year 2018, against a profit of AED  26.52 million ($7.22 million) in 2017. Losses per share (LPS) …
Financial Results
The company generated EGP 585.61 million in profits during the six-month period ended last December
14 February 01:52 PM EBE profit rises 48% in 6M
Cairo – Mubasher: Export Development Bank of Egypt (EBE) on Thursday reported a 47.9% year-on-year rise in consolidated profits for the half of fiscal year 2018/2019, The company generated EGP 585.61 million in profits during the six-month period …
Banking and Finance
The medical company’s revenues rose 10.8% to AED 485.51 million in 2018
14 February 01:52 PM Gulf Medical reports 91.6% profit drop in 2018
Abu Dhabi – Mubasher: Gulf Medical Projects Company (GMPC) on Thursday posted a 91.66% year-on-year profit decline for the full-year 2018. Net profits amounted to AED 119.65 million in 2018, compared to AED 1.43 billion in 2017, according to the …
Financial Results
ADNOC eyes further expansion in the UAE and internationally this year.
14 February 01:40 PM ADNOC Distribution sees AED 2bn profit in 2018
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) on Thursday reported an 18% year-on-year increase in profits for the full-year 2018. Net profits amounted to AED 2.12 billion in 2018, compared to AED 1.80 …
Financial Results
Ithmaar’s board recommended no cash dividends for 2018.
14 February 01:03 PM Ithmaar Holding logs AED 98 loss in Q4
Dubai – Mubasher: Ithmaar Holding on Thursday posted a 53.7% year-on-year drop in losses for the fourth quarter of 2018. Net losses registered AED 98.11 million ($26.71 million) in Q4-18, compared to AED 211.82 million ($57.67 million) in Q4-17, …
Financial Results
Revenues rose 11% to AED 26 million in 2018
14 February 12:48 PM Eshraq Properties’ profit slides 91% in 2018
Abu Dhabi – Mubasher: Eshraq Properties on Thursday posted a 91% year-on-year fall in its profits for the full-year 2018. Net profits recorded AED 3.03 million in 2018, compared to AED 32.54 million in 2017, according to the company’s statement to …
Financial Results
Net profit amounted to EGP 487.25 million last year
14 February 12:46 PM CI Capital FY18 profits hike 78%
Cairo – Mubasher: CI Capital Holding on Thursday reported a 77.7% year-on-year surge in consolidated profit for 2018. Net profit amounted to EGP 487.25 million last year, versus EGP 274.19 million in 2017, the company said in a filing to the …
Financial Results
The board members recommended 5% of capital as a cash dividend
14 February 12:44 PM Kuwait Reinsurance FY18 profits grow 10%; dividends proposed
Mubasher: Kuwait Reinsurance achieved an increase of 43.4% in the fourth quarter of 2018, compared to the same period a year ago. Earnings totalled KWD 400,000 ($1.32 million) in Q4-18, up from KWD 279,000 ($920,600) in Q4-17, according to a …
Board of Directors
EPS amounted to QAR 1.21 last year
14 February 12:14 PM Doha Insurance’s profit jumps 42% in 2018; 8% dividend proposed
Mubasher: Doha Insurance Group reported a 228% year-on-year profit hike in the fourth quarter of 2018. The Qatar-based firm’s profits registered QAR 24.6 million ($6.8 million) in Q4-18, from QAR 7.5 million ($2.07 million) in the corresponding …
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