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Financial Results

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18 July 06:22 PM Ajman Bank records all-time high half-yearly net profits at nearly AED 216m in H1-24
Dubai – Mubasher: Ajman Bank generated net profits after tax worth AED 215.56 million in the first half (H1) of 2024, describing the results as the bank’s “all-time high half-yearly net profits,” according to a press release. The H1-24 net profits …
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18 July 05:35 PM ADCB achieves AED 5bn net profit before tax in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …
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18 July 04:22 PM Sharjah Islamic Bank logs AED 566m consolidated profit in H1-24
Abu Dhabi – Mubasher: The consolidated net profit attributable to the owners of Sharjah Islamic Bank rose to AED 566.16 million in the first half (H1) of 2024 from AED 494.57 million in the comparative period the year before. Total operating …
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18 July 01:32 PM Faisal Islamic Bank of Egypt posts 142% YoY higher standalone profit in H1-24
Cairo – Mubasher: The unconsolidated net profit of Faisal Islamic Bank of Egypt leapt by 142.50% year-on-year (YoY) to EGP 6.55 billion in the first half (H1) of 2024 from EGP 2.70 billion. Total revenues jumped by 68.10% YoY to EGP 16.34 billion …
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18 July 11:17 AM Emirates Islamic Bank’s net profit leaps 37% YoY in H1-24
Dubai – Mubasher: Emirates Islamic Bank posted a 37% year-on-year (YoY) surge in net profit to AED 1.66 billion in the first half (H1) of 2024. The bank’s total income soared by 15% YoY to AED 2.69 billion in H1-24, according to a press release. …
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18 July 10:28 AM Emirates NBD logs 12% YoY higher profit in H1-24
Dubai – Mubasher: Emirates NBD reported a 12% year-on-year (YoY) surge in net profit to AED 13.80 billion during the first half (H1) of 2024. The bank’s earnings per share jumped by 13% YoY to 214 fils in H1-24, according to a press release. …
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17 July 01:37 PM ICON’s consolidated profit hits EGP 449m in Q1-24
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) logged a consolidated net profit of EGP 449.08 million in the first quarter (Q1) of 2024 from EGP 173.25 million in Q1-23. Revenues from contracts with …
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17 July 01:27 PM Acrow Misr’s consolidated profit jumps to over EGP 400m in Q1-24
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a consolidated net profit of EGP 400.29 million in the first quarter (Q1) of 2024 from EGP 146.79 million in Q1-23. Revenues from contracts with clients soared to EGP 893.66 …
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16 July 12:50 PM NBQ’s consolidated profit rises to AED 285m in H1-24
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) posted a consolidated net profit of AED 285.36 million in the first half (H1) of 2024, up from AED 255.12 million in the comparative period a year earlier. Interest income surged to AED …
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16 July 11:23 AM Shuaa Capital swings to consolidated loss in Q1-24
Dubai – Mubasher: Shuaa Capital turned to a consolidated net loss of AED 94.73 million during the first quarter (Q1) of 2024, versus a net profit of AED 19.66 million in the same quarter a year earlier. Revenues dropped to AED 30.18 million in …
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15 July 03:07 PM Maridive & Oil Services logs 152% YoY higher consolidated profit in Q1-24
Cairo – Mubasher: Maridive & Oil Services reported a 152% year-on-year (YoY) surge in consolidated net profit to $20.37 million in the first quarter (Q1) of 2024 from $8.08 million. Revenues jumped by 35% YoY to $56.10 million in Q1-24 from $41.57 …
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11 July 02:16 PM Emaar Properties achieves outstanding performance in H1-24
Dubai – Mubasher: Emaar Properties delivered resilient performance and operational efficiency across its various businesses during the first quarter (Q1) of 2024, according to a press release. Emaar Development saw a remarkable 30% growth in sales …
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11 July 11:20 AM Jarir posts 3% drop in H1-24 profits; revenues cross SAR 5.2bn
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) witnessed a 3.24% year-on-year (YoY) decline in net profit to SAR 390.40 million in the first half (H1) of 2024, compared to SAR 403.50 million. Estimated revenues hit SAR 5.29 billion …
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10 July 12:48 PM Ezz Steel swings to consolidated profit in Q1-24
Cairo – Mubasher: Ezz Steel shifted to a consolidated net profit after tax of EGP 1.26 billion during the first quarter (Q1) of 2024, compared to a net loss of EGP 2.48 billion in the corresponding period a year earlier. Consolidated net sales …
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9 July 10:44 AM eXtra sees 37% higher net profits in H1-24
Riyadh – Mubasher: United Electronics Company (eXtra) recorded 37.14% year-on-year (YoY) higher net profits at SAR 200.40 million in the first half (H1) of 2024, compared to SAR 146.12 million. The company’s revenues reached SAR 3.49 billion in …
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9 July 09:47 AM QNB’s H1-24 net profits leap; consolidated assets hit EGP 750.3bn
Cairo – Mubasher: The consolidated net profits of Qatar National Bank Al Ahli (QNB) jumped year-on-year (YoY) to EGP 13.74 billion in the first half (H1) of 2024 from EGP 8.66 billion. QNB reported net interest income amounting to EGP 19.81 …
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7 July 01:42 PM Taaleem’s profits cross AED 225m in 9M-23/24
Dubai – Mubasher: Taaleem Holdings posted year-on-year (YoY) higher net profits at AED 225.19 million in the first nine months (9M) of fiscal year (FY) 2023/2024, versus AED 199.80 million. Basic and diluted earnings per share (EPS) went up to AED …
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7 July 01:01 PM Almarai’s consolidated profit grows 10% YoY in H1-24
Riyadh – Mubasher: The consolidated net profit of Almarai Company rose by 10.04% year-on-year (YoY) to SAR 1.31 billion during the first half (H1) of 2024 from SAR 1.19 billion. The company’s revenue grew by 7.65% YoY to SAR 10.61 billion in H1-24 …
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7 July 12:33 PM SAIC’s estimated profit jumps over 200% in H1-24
Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) surged by 200.98% year-on-year (YoY) to SAR 217.40 million during the first half (H1) of 2024 from SAR 72.23 million. The company’s revenue leapt by 205.01% YoY to SAR …
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4 July 10:10 AM Orascom Investment Holding’s consolidated profit jumps to EGP 351m in Q1-24
Cairo – Mubasher: The consolidated net profit of Orascom Investment Holding (OIH) surged to EGP 351.36 million in the first quarter (Q1) of 2024 from EGP 108.94 million in Q1-23. Revenue from continuing operations jumped to EGP 102.17 million in …
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2 July 12:28 PM PIF’s revenues skyrocket to SAR 331bn in 2023
Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) posted a more than 100% leap in total revenues to SAR 331 billion ($88.50 billion) in 2023, compared to SAR 165 billion ($44 billion) in 2022. The fund attributed the annual growth in …
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26 June 09:36 AM AMOC eyes EGP 4.2bn revenues in FY24/25
Cairo – Mubasher: The board of Alexandria Mineral Oils Company (AMOC) greenlighted the capital budget for fiscal year (FY) 2024/2025 to nearly EGP 551.80 million, according to a bourse disclosure. The EGX-listed firm targets net profits after tax …
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23 June 02:10 PM ASCOM shifts to net losses in Q1-24 results
Cairo – Mubasher: Asec Company for Mining (ASCOM) turned to net losses worth EGP 25.67 million in the first quarter (Q1) of 2024, versus net profits worth EGP 38.58 million in Q1-23. Revenues climbed to EGP 759.97 million as of 31 March 2024 from …
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23 June 12:49 PM South Valley Cement’s losses leap in Q1-24
Cairo – Mubasher: The net losses of South Valley Cement Company hiked to EGP 46.30 million in the first quarter (Q1) of 2024 from EGP 37.05 million in Q1-23. The company generated revenues amounting to EGP 328.37 million in the January-March 2024 …
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13 June 02:03 PM Kima sees plunge in 9M-23/24 net profits
Cairo – Mubasher: The standalone net profits after tax of Egyptian Chemical Industries (Kima) reached EGP 102.28 million in the first nine months (9M) of fiscal year (FY) 2023/2024. The recorded net profits were lower by 90% year-on-year (YoY) …