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Financial Results

Direct operating costs reached $1.9 billion
5 hours ago Etihad Airways logs $758m losses in H1-20
UAE - Mubasher: The operating losses of Etihad Airways rose by $172 million to $758 million in the first half (H1) of 2020, compared to $586 million in the year-ago period. The airline's higher losses are attributed to 38% lower revenues to …
H1 revenues shrank by 22.7% to SAR 54.81 billion
11:04 AM SABIC turns to losses in H1-20
 Riyadh – Mubasher: The Saudi Basic Industries Corporation (SABIC) logged net losses after zakat and tax of SAR 3.27 billion during the first half (H1) of 2020, versus SAR 5.35 billion net profits in the same half of 2019. The net losses are …
The lender's total income retreated by 4.5%
10:32 AM RAKBANK's net profits decline by 45% in H1-20
Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah (RAKBANK) saw a 44.7% decrease in net profits to AED 306.6 million for the January-June period of 2020, compared to AED 554.9 million in the same period of 2019. The bank's total assets reached …
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09:55 AM Saudi Steel Pipe widens losses in Q2
Riyadh - Mubasher: Saudi Steel Pipe Company (SSP) reported a 165.68% increase in net losses during the second quarter (Q2) of 2020 to SAR 27.02 million, from SAR 10.17 million in Q2-19, as shown by its interim financial results. The rise in losses …
The EPS settled at AED 0.33 in H1-20
09:32 AM ADNIC witnesses 60% higher net profits in H1-20
Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Insurance Company (ADNIC) jumped by 59.9% to AED 189.7 million in the first six months of 2020, compared to AED 118.6 million in the corresponding period of 2019. The company recorded a …
The Q2-20 profits amounted to SAR 955 million
5 August 04:55 PM Samba profits grow 2% in Q2
Riyadh – Mubasher: Samba Financial Group gained SAR 955 million worth of net profits in the second quarter (Q2) of the year, up 2.14% when compared to SAR 935 million in the year-ago period. Total revenue from special commissions, financing and …
The EPS settled at AED 0.111 in H1-20
5 August 03:02 PM Aramex registers lower profits; higher revenues in H1-20
Dubai –  Mubasher: The net profits attributable to equity holders of Aramex plunged by 30% to AED 161.796 million in the first six months of 2020 from AED 231.183 million in the year-ago period. The Dubai-based company's revenues rose by 1% to AED …
The company’s revenues increased to EGP 1.3 billion in the January-June period
5 August 01:24 PM MNHD's profit falls 6% in H1-20
Cairo – Mubasher: The consolidated financial statements of Madinet Nasr Housing and Development (MNHD) showed a 6% year-on-year (YoY) drop in its net profits to EGP 482 million in the first half (H1) of 2020 from EGP 511 million. The company’s …
The company's net income reached $121.7 million
5 August 12:54 PM Dubai Aerospace reports lower net profits in H1-20
UAE – Mubasher: The consolidated preliminary financial results of Dubai Aerospace Enterprise (DAE) posted net profits of $121.7 million in the first half (H1) of 2020, down from $197.1 million in the same half of 2019. The airline's total revenues …
The company’s revenues retreated to EGP 1.008 billion
5 August 12:12 PM Arab Cotton Ginning turns to loss in 9M
Cairo – Mubasher: The unaudited consolidated financial results of Arab Cotton Ginning reported net losses of EGP 65.38 million in the first nine months of fiscal year 2019/2020, against net profits of EGP 18.68 million in the year-ago period. The …
The company’s sales increased to EGP 1.02 billion
5 August 11:40 AM Alexandria Pharmaceuticals posts 54% profit hike in FY19/20 initial results
Cairo – Mubasher:  The unaudited financial results of Alexandria Co. for Pharmaceuticals and Chemical Industries showed a 54% year-on-year (YoY) growth in its net profits to EGP 173.8 million in fiscal year 2019/2020 from EGP 112.8 million. The …
Net written premiums (NWP) leapt by 104.19% in Q2
5 August 11:16 AM Saudi Re sees 49% lower quarterly profits
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Company posted a 49.12% drop in net profits before Zakat during the second quarter (Q2) of 2020 at SAR 9.03 million from SAR 17.74 million in the same quarter in 2019. Net written premiums …
The profits of Q2-20 totalled SAR 572 million
5 August 10:59 AM Alinma Bank records 15% lower earnings in Q2
Riyadh – Mubasher: Alinma Bank realised SAR 572 million worth of net profits in the second quarter (Q2) ended 30 June 2020, down by 15.38% when compared to SAR 676 million in the year-ago period, as shown by the bank’s financial results. The …
The company's general and administrative expenses slumped by 20.2% in Q2
5 August 10:41 AM Advanced Petrochemical’s profits down 19% in Q2
Riyadh – Mubasher: The net profits of Advanced Petrochemical Company amounted to SAR 154.95 million in the second quarter (Q2) of the year, 19.43% less than SAR 192.31 million in the same quarter in the previous year. The decline in the interim …
Revenue fell by 82.24% year-on-year during Q2-20
5 August 10:22 AM Saudi Ground Services swings to SAR 198m quarterly losses
Riyadh - Mubasher: Saudi Ground Services Company (SGS) reported net losses after Zakat and tax of SAR 197.87 million in the second quarter ended 30 June 2020, compared with net profits of SAR 123.86 million in the corresponding period in 2019. …
Revenues for Q2-20 stood at SAR 272.4 million
5 August 09:43 AM Halwani Bros turns to SAR 26m profits in Q2
Riyadh – Mubasher: Halwani Bros. Company turned to profits in the second quarter (Q2) of 2020, generating SAR 25.9 million in net profits after Zakat and tax, against net losses worth SAR 3.7 million in the corresponding period in 2019. The …
The EPS stood at AED 0.33 in the January-June period
5 August 09:34 AM Dubai Insurance's net profits slid to AED 33m in H1-20
Dubai – Mubasher: The net profits of Dubai Insurance Company declined to AED 33 million during the first half (H1) of 2020 from AED 43.4 million in the same period of 2019. The company's net underwriting income decreased to AED 24.31 million in …
Walaa recorded SAR 28.352 million in net profits before Zakat in Q2-20
5 August 09:07 AM Walaa Cooperative Insurance turns profitable in Q2-20
Riyadh – Mubasher: Walaa Cooperative Insurance Company turned to profitability in the second quarter (Q2) of the year, gaining SAR 28.352 million in net profits before Zakat, against net losses of SAR 15.831 million in the same quarter a year ago. …
The cement producer’s sales declined to EGP 1.012 billion
4 August 05:39 PM Alexandria Portland Cement’s indicators show 26% loss increase in H1-20
Cairo – Mubasher: Alexandria Portland Cement reported net losses of EGP 212.75 million in the first half (H1) of 2020, up by 26% year-on-year (YoY) from EGP 168.99 million, the company’s unaudited consolidated financial results showed. The cement …
The company’s revenues increased to EGP 1.31 billion
4 August 04:57 PM MNHD records EGP 485m profit in H1-20 initial results
Cairo – Mubasher: The unaudited consolidated financial results of Madinet Nasr Housing and Development (MNHD) showed net profits of EGP 484.65 million in the first half (H1) of 2020, down by 6% year-on-year (YoY) from EGP 515.68 million. The …
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4 August 04:55 PM Bahrain Kuwait Insurance’s profits up 11% in H1
Mubasher: Bahrain Kuwait Insurance Company gained KWD 2.301 million (approx. $6.06 million) in net profits during the first six months of 2020, 11% higher than KWD 2.073 million ($5.45 million) in the same period a year earlier. The annual rise in …
The board revealed a second interim dividend of six cents per share.
4 August 03:38 PM Centamin's profits more than triple in H1-20 on higher Sukari output
Cairo – Mubasher: Centamin Plc reported 221% higher pretax profits, logging $191.14 million in the first half (H1) of 2020, compared to $59.62 million in the year-ago period. The profit growth was ascribed to higher output from its Sukari mine in …
The company’s revenues retreated to EGP 653.7 million
4 August 02:12 PM North Cairo Mills reports 37% profit decline in FY19/20 initial results
Cairo – Mubasher: The unaudited financial results of North Cairo Mills showed net profits of EGP 17.09 million in fiscal year 2019/2020, down by 36.7% year-on-year (YoY) from EGP 27.02 million. The company’s revenues retreated to EGP 653.7 million …
The company’s sales fell to EGP 9.14 billion
4 August 12:08 PM Al Ezz Dekheila Steel's loss widens 77% in Q1-20
Cairo – Mubasher: The consolidated financial statements of Al Ezz Dekheila Steel – Alexandria showed a 77% year-on-year (YoY) increase in its net losses to EGP 1.08 billion in the first quarter (Q1) of 2020 from EGP 611.02 million, including …
The company’s revenues edged down to EGP 690.31 million
4 August 11:33 AM Amer Group's profit rises 8.5% in H1-20
Cairo – Mubasher: Amer Group Holding Co achieved net profits of EGP 27.608 million in the first half (H1) of 2020, up by 8.5% from EGP 25.42 million in the year-ago period, including minority shareholders’ rights. The company’s revenues edged down …