Financial Results

Construction sector in the GCC surged 30% in 2017, a new study by MENA Research Partners (MRP) showed
23 November 03:15 PM GCC construction sector jumps 30% in 2017
Mubasher: Construction sector in the GCC surged 30% in 2017, a new study by MENA Research Partners (MRP) showed. The sector's undergoing projects amounted to $2.6 trillion, representing 160% of the GCC’s total growth domestic product (GDP), MRP’s …
c’s employment hits 17-yr high in November
23 November 02:54 PM Euro zone’s employment hits 17-yr high in November
Mubasher: Employment in the euro zone soared in November, registering its highest level in 17 years, according to the data of Purchasing Managers’ Index, IHS Markit Flash Eurozone PMI. Eurozone PMI Composite Output Index hit 57.5 points in …
UK’s economy edges up 0.4% MoM in Q3
23 November 01:33 PM UK’s economy edges up 0.4% MoM in Q3
Mubasher: The UK growth domestic product (GDP) inched up 0.4% month-on-month in the third quarter of 2017, Office for National Statistics' data on Thursday revealed. Year-on-year, the UK economy levelled up 1.5%. The increase in the country’s …
Eurozone economic activity hits 7-yr high in November
23 November 01:29 PM Eurozone economic activity hits 7-yr high in November
Mubasher: The Eurozone’s economic activity rose in the manufacturing and services segments in November from a month earlier, data released by IHS Markit for the Purchasing Managers’ Index (PMI) on Thursday showed. Eurozone activity rose to 57.5 …
Net profit amounted to EGP 243.3 million in Q3-17
23 November 12:13 PM Pioneers Holding Q3 profit hikes 61%
Cairo – Mubasher: Pioneers Holding Company for Financial Investment on Thursday reported a 61% year-on-year surge in consolidated profit for the third quarter of 2017 due to higher revenues. Net profit amounted to EGP 243.3 million in the …
Operating revenues rose by 19.9% to KWD 16.25 million in 9M-17
22 November 04:03 PM Hayat Communications 9M profits surge 131%; stock resumes trading
Mubasher: Hayat Communications reported a leap of 131% in profits during the first nine months of 2017 compared to the same period last year. Earnings increased to nearly KWD 112,780 ($374,140) in 9M-17 from about KWD 48,840 ($162,020) in 9M-16, …
Thomas Cook FY 2017 pretax profit hikes 20%
22 November 02:47 PM Thomas Cook FY 2017 pretax profit hikes 20%
Mubasher: Thomas Cook Group on Wednesday announced that its pretax profit rose 20% in the fiscal year 2017. The company’s finance charges jumped to GBP41 million ($54.3 million) due to costs of its bond refinancing in December 2016, which …
HP Inc.’s profits increased year-on-year to reach $660 million in the fourth quarter of 2017, compared to $492 million
22 November 02:17 PM HP sees $660m profits in Q4-17
Mubasher: HP Inc.’s profits increased year-on-year to reach $660 million in the fourth quarter of 2017, compared to $492 million. The company’s revenues grew to $13.93 billion in Q4-17, from $12.5 billion Q4-16. “The results give us confidence in …
KSA’s wholesale price index edges down 0.3% in October – GASTAT
22 November 01:27 PM KSA’s wholesale price index falls 0.3% in October – GASTAT
Riyadh – Mubasher: Saudi wholesale price index (Inflation at wholesale prices) tumbled 0.3% during October 2017, compared to the year-ago period, the Saudi General Authority for Statistics (GASTAT) stated on Wednesday. The decrease in Saudi …
KSA's tax revenues jump 31%, hit near SAR 20m in Q3 – MoF
21 November 05:28 PM KSA's tax revenues jump 31%, hit near SAR 20m in Q3 – MoF
Riyadh – Mubasher: Saudi tax revenues surged 30.68% during the third quarter of the current fiscal year, compared to the year-ago period. The total value of the Kingdom’s tax revenues reached SAR 20.36 billion in Q3-17, compared to SAR 15.58 …
Electric vehicles sales jumped to a record high in the third quarter of 2017, backed by resurgent demand in China
21 November 04:24 PM Electric vehicle sales hit record high in Q3
Mubasher: Electric vehicles sales jumped to a record high in the third quarter of 2017, backed by resurgent demand in China. Sales of battery electric vehicles and plug-in hybrids surged 63% year-on-year to 287,000 units in Q3-17, according to …
Qatar IPI jumps 7.4% in September
21 November 02:06 PM Qatar IPI jumps 7.4% in September
Mubasher:  Doha’s industrial production index (IPI) rose 7.4% year-on-year in September  to 111,900 points, compared to 104,200 points in the same period in 2016, the Ministry of Development Planning and Statistics (MDPS) said in a statement on …
KSA’s inflation falls 0.2% in October – GASTAT
21 November 12:50 PM KSA’s inflation falls 0.2% in October – GASTAT
Riyadh – Mubasher: The Saudi cost of living index,urban consumer price inflation shed 0.2% year-on-year in October 2017, remaining negative for the tenth consecutive month, Saudi General Authority for Statistics (GASTAT) said on Tuesday. The …
Orascom Construction Q3 profits down 19%
21 November 12:18 PM Orascom Construction profits up 6% in 9M
Cairo – Mubasher: Orascom Construction on Tuesday reported a 19% year-on-year drop in consolidated profits for the third quarter of 2017 due to lower revenues. Net profit amounted to $23.5 million in the three months ended September 2017, compared …
KSA finances budget deficit with SAR 58.5bn in Q3 – MoF
20 November 05:31 PM KSA finances budget deficit with SAR 58.5bn in Q3 – MoF
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) financed the country’s budget deficit with SAR 58.5 billion during the third quarter of 2017. Budget deficit’s financing was distributed on SAR 37 billion from domestic loans, SAR 6.5 billion …
Saudi gov’t pays SAR 11.5bn debt in 9M – MoF
20 November 04:05 PM Saudi gov’t pays SAR 11.5bn debt in 9M – MoF
Riyadh – Mubasher: Saudi Arabian government paid debts at a value of SAR 11.55 billion during the first nine months of 2017, the Saudi Ministry of Finance’s (MoF) data showed. MoF paid SAR 3.05 billion as debts, in addition to amortising …
Net profit amounted to EGP 31.98 million in Q3-17
20 November 12:36 PM Cleopatra Hospital Q3 profits hike 45%
Cairo – Mubasher: Cleopatra Hospital Co on Monday reported a 44.9% year-on-year surge in consolidated profits for the third quarter of 2017 due to higher revenues. Net profit amounted to EGP 31.98 million in the three-month ended September 2017, …
The CBK’s profits had previously recorded a 22.1% drop for Q3-17
19 November 09:45 AM CBK’s provisions surges 31% in 9M
Mubasher: Total provisions of the Commercial Bank of Kuwait (CBK) rose by 30.7% for the first nine months of 2017, negatively affecting its net profits, according to a recent report by Al-Shall Economic Consultants. The bank’s after-tax …
Walmart’s revenues jumped 4.2% year-on-year
16 November 04:40 PM Walmart makes AED $1.75bn in net profits Q3
Mubasher: US-based Walmart Stores Incorporation on Thursday reported net profits of $1.75 billion in the third quarter of the fiscal year 2017/2018, compared to AED 3.03 billion in the year-ago period. Despite the profit decline, Walmart’s …
Net loss amounted to EGP 5.3 million in Q3-17
16 November 12:41 PM Egyptian Resorts sees EGP 55.6m profits in 9M
Cairo – Mubasher: The consolidated financial statements of Egyptian Resorts Co on Thursday showed that the company turned to losses during the third quarter of 2017, while it turned to profits in the first nine months of 2017. Net loss amounted to …
Gulf Franchising Holding suffered a loss of nearly KWD 120,990 ($400,630) in Q3-17
16 November 12:19 PM Gulf Franchising incurs higher losses in Q3
Mubasher: Gulf Franchising Holding suffered a loss of nearly KWD 120,990 ($400,630) in the third quarter of 2017 compared to around KWD 105,700 ($350,000) in the same period last year, registering a year-on-year increase of 14.5%. During the first …
Passenger cars’ sales in Euro zone grew 5.9% year-on-year to reach 1.2 million cars in October
16 November 12:15 PM Auto sales in Eurozone go up 6% in October
Mubasher: Passenger car sales in the Eurozone grew 5.9% year-on-year to reach 1.2 million cars in October, whereas it registered a 2% decrease in September. The increase was attributed to sales’ rise in Spain, France, and Italy, according to …
Pre-tax losses amounted to EGP 56.9m in the nine-month period ended September 2017
16 November 12:11 PM EGAS losses rise 13% in 9M
Cairo – Mubasher: The financial indicators of Egypt Gas (EGAS) showed a 13% year-on-year rise in losses during the first nine months of 2017. Pre-tax losses amounted to EGP 56.9 million in the nine-month period ended September 2017, versus EGP …
Net loss amounted to EGP 2.3 million in the nine-month period ended September 2017
16 November 12:00 PM Arabia Investments turns to losses in 9M
Cairo – Mubasher: The standalone financial statements of Arabia Investments, Development, and Financial Investment Holding Co on Thursday showed that it turned to losses during the first nine months of 2017 due to a decline in revenues. Net loss …
Net profit stood at EGP 240.4 million during the three-month period ended September 2017
16 November 11:35 AM EFG Hermes profits hike 61% in Q3
Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) reported a 61% year-on-year rise in consolidated profits for the third quarter of 2017 due to higher revenues. Net profit stood at EGP 240.4 million during the three-month …