Financial Results

The company’s revenue also declined to AED 261.5 million in H1-18

14 August 06:18 PM Abu Dhabi Ship Building’s profit tumbles in 6M

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSC) has reported a 92.6% year-on-year drop in net profit during the first six months of 2018, recording AED 3.7 million. The company’s revenue also declined to AED 261.5 million in H1-18 versus AED …

Financial Results

The company’s revenue surged 20.23%

14 August 05:51 PM Foodco Holding posts AED 48.56m profit in 6M

Abu Dhabi – Mubasher: Foodco Holding has reported a 1% year-on-year increase in net profit during the first six months of 2018, recording AED 48.56 million. The company’s revenue surged 20.23% to AED 196.2 million in H1-18 versus AED 176 million …

Financial Results

Revenue went down to AED 66.47 million in Q2-18

14 August 05:39 PM Al Qudra Holding posts 56.5% profit decline Q2

Abu Dhabi – Mubasher: Al Qudra Holding has reported a 56.5% year-on-year slump in net profit during the second quarter of 2018, recording AED 37.24 million. Revenue went down to AED 66.47 million in Q2-18 versus AED 125.09 in the year-ago period, …

Financial Results

Revenue also increased to AED 516.606 million in H1-18

14 August 05:22 PM Manazel Real Estate’s net profit leaps 135% in H1

Abu Dhabi – Mubasher: Manazel Real Estate Company has reported a 135% year-on-year hike in net profit during the first six months of 2018, recording AED 132.867 million. The company’s revenue also increased to AED 516.606 million in H1-18 versus …

Financial Results

Total losses reached SAR 994.46 million ($265.2 million) in Q2-18

14 August 05:19 PM 40 Tadawul-listed firms end Q2 down

By: Thabet Shehata Riyadh – Mubasher: Forty companies listed on the Saudi Stock Exchange (Tadawul) registered losses during the second quarter of 2018. Total losses reached SAR 994.46 million ($265.2 million) in Q2-18, according to Mubasher's …

Financial Results

In the first half of 2018, the company logged KWD 3.67 million in profits

14 August 04:34 PM Al Kout Industrial Q2 profits slide 21%

Mubasher: Al Kout Industrial Projects on Tuesday posted a 20.7% year-on-year decline in profits for the second quarter of 2018. Net profit amounted to KWD 1.57 million ($5.18 million) in Q2-18, versus KWD 1.98 million ($6.54 million) in the …

Financial Results

Ream Real Estate Q2 profits slump 70%

14 August 04:10 PM Ream Real Estate Q2 profits slump 70%

Mubasher: Ream Real Estate Co on Tuesday reported a 69.8% year-on-year decline in net profits for the second quarter of 2018, recording KWD 72,420 ($238,930) from KWD 240,16 ($792,340). Operating revenues fell by 36.6% in the three-month period …

Financial Results

Net losses amounted to KWD 2.58 million in Q2-18

14 August 04:08 PM IFA Hotels Q2 losses fall 28%

Mubasher: IFA Hotels and Resorts (IFA) on Tuesday posted a 28% year-on-year drop in its losses for the second quarter of 2018. Net losses amounted to KWD 2.58 million ($8.15 million) in Q2-18, compared to KWD 3.57 million ($11.78 million) in …

Financial Results

14 August 03:57 PM Ithmaar Holding achieves $10.8m profit in 6M

Kuwait – Mubasher: Ithmaar Holding has reported a net profit of $10.82 million in the first six months of 2018. The Dubai-, Bahrain-, and Kuwait-listed company also registered earnings per share (EPS) of $0.32 in H1-18, according to a bourse …

Financial Results

Revenue rose to EGP 50.04 million in the six-month period ended June

14 August 03:49 PM Prime Holding profits hike 94% in 6M

Cairo – Mubasher: Prime Holding on Tuesday posted a 94% year-on-year surge in consolidated profits for the first half of 2018, recording EGP 19.62 million from EGP 10.1 million. Revenue rose to EGP 50.04 million in the six-month period ended June, …

Financial Results

Net profit stood at EGP 271 million in the three-month period ended June

14 August 03:33 PM TMG Holding Q2 profit rises 5%

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) on Tuesday reported a 4.6% year-on-year increase in consolidated profits for the second quarter of 2018. Net profit stood at EGP 271 million in the three-month period ended June, versus …

In the first half of 2018, net profit increased by 12.6% to EGP 1.1 billion

14 August 03:11 PM Emaar Misr Q2 profits up 11%

Cairo – Mubasher: Emaar Misr for Development on Tuesday reported an 11% year-on-year rise in consolidated profits for the second quarter of 2018, recording a net profit of EGP 597 million from EGP 597 million. In the first half of 2018, net profit …

Jazeera Airways recorded KWD 1.8 million ($5.94 million) net profits in Q2-18

14 August 02:52 PM Jazeera Airways Q2 profits fall, H1 income rises 6%

Mubasher: Jazeera Airways posted a decline of 23.6% in profits during the second quarter of 2018 compared to the same period in the prior year, according to an official statement on Tuesday. The airline company recorded KWD 1.8 million ($5.94 …

Financial Results

Revenues narrowed to EGP 876.4 million in the six-month period ended June

14 August 02:51 PM Porto Group profits drop 70% in H1

Cairo – Mubasher: Porto Group Holding on Tuesday reported a 70.1% year-on-year decline in consolidated profits for the first half of 2018, recording EGP 53.06 million from EGP 177.91 million. Revenues narrowed to EGP 876.4 million in the six-month …

Financial Results

The growth in H1 profits is attributed to lower operating expenses

14 August 02:38 PM National Cleaning posts higher income in Q2, H1

Mubasher: National Cleaning reported an increase of 42.7% in profits during the second quarter of 2018 compared to the same period last year. Earnings grew to about KWD 356,880 ($1.18 million) in Q2-18, from about KWD 250,140 ($825,870) in Q2-17, …

Financial Results

The company logged EGP 8.84 million in profits during the six-month period ended June

14 August 02:37 PM Arab Dairy turns profitable in H1

Cairo – Mubasher: The Arab Dairy Products Co. (Panda) on Tuesday posted it has turned a profit in the first half of 2018. The company logged EGP 8.84 million in profits during the six-month period ended June, against a net loss of EGP 8.1 million …

Financial Results

Earnings declined to KWD 468,000 ($1.55 million) in Q2-18

14 August 02:13 PM Tamdeen Real Estate H1 profits shrink to KWD 5m

Mubasher: Tamdeen Real Estate reported a drop of 55% in profits during the second quarter of 2018 compared to the same period in the previous year. Earnings declined to KWD 468,000 ($1.55 million) in Q2-18 from KWD 1.04 million ($3.43 million) in …

Financial Results

Damac Properties’ chief financial officer Adil Taqi

14 August 02:04 PM Damac’s liquidity hits AED 7bn – CFO

By: Mahmoud Gamal Dubai – Mubasher: Damac Properties’ chief financial officer, Adil Taqi, told Mubasher that his company’s financial status is strong, with total liquidity of AED 7 billion, despite the challenges that have been facing Dubai’s …

Financial Results

EPS remained unchanged at QAR 4.84 in H1-18

14 August 01:45 PM Zad Holding logs QAR 115m profit in H1-18

Mubasher: Zad Holding Company on Tuesday reported a 0.7% year-on-year increase in its profits for the second quarter of 2018. Net profits amounted to QAR 64.99 million ($17.96) in Q2-18, compared to QAR 65.44 million ($18.08 million) in Q2-17, …

Financial Results

EPS hit AED 0.14

14 August 01:27 PM Damac Properties logs AED 862m net profit in 6M

Dubai – Mubasher: Damac Properties has reported a net profit of AED 862 million in the first six months of 2018. The company’s revenue increased by 5% year-on-year to AED 3.7 billion in H1-18, according to a company statement. Earnings per share …

Net profit amounted to EGP 28.88 million in the six-month period ended June

14 August 01:13 PM Lecico Egypt profit down 14.4% in H1

Cairo – Mubasher: Lecico Egypt on Tuesday posted a 14.4% year-on-year decline in consolidated profits for the first half of 2018 due to lower sales. Net profit amounted to EGP 28.88 million in the six-month period ended June, from EGP 33.75 …

Financial Results

Revenues grew to EGP 873.8 million in the six-month period ended June

14 August 12:59 PM Orascom Development logs EGP 185m profit in H1

Cairo – Mubasher: Orascom Development Egypt on Tuesday reported a 4.7% year-on-year increase in consolidated profits for the first half of 2018, recording EGP 184.61 million from EGP 176.29 million. Revenues grew to EGP 873.8 million in the …

Financial Results

The company generated a net profit of EGP 153.08 million in the six-month period ended June

14 August 12:46 PM Ataqa H1 profits soar 125%

Cairo – Mubasher: Misr National Steel (Ataqa) on Tuesday reported a 124.8% year-on-year hike in profits for the first half of 2018. The company generated a net profit of EGP 153.08 million in the six-month period ended June, versus EGP 68.08 …

Financial Results

Earnings increased to KWD 1.36 million ($4.5 million) in Q2-18

14 August 12:46 PM KCPC profits jump 433% in H1 on higher operating income

Mubasher: Kuwait Company for Process Plant Construction and Contracting (KCPC) recorded a leap of 541.7% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings increased to KWD 1.36 million ($4.5 …

Financial Results

Revenues fell to EGP 20.1 billion in the six-month period ended June

14 August 12:36 PM Elsewedy Electric profits slump 21% in H1

Cairo – Mubasher: Elsewedy Electric on Tuesday reported a 20.9% year-on-year decline in its consolidated profits during the first half of 2018, recording a net profit of EGP 2.41 billion from EGP 3.05 billion. Revenues fell to EGP 20.1 billion in …

Financial Results