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Tag Archives: profits

Union Coop posts record profit

Union Coop, the UAE-based supermarket chain, recorded its largest profit ever in 2017, posting a total revenue of Dh2.923 billion. Compared to 2016, last year saw a 19 per cent increase in shareholders’ equity from Dh2.150 billion to Dh2.511 billion, whilst the number of families associated with the group increased …

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DP World announces solid financial results

Global trade enabler DP World today announced solid financial results for the six months to 30th June, 2017. On a reported basis, revenue grew 9.6 percent and adjusted EBITDA increased by 4.2 percent. Adjusted EBITDA margin was 53.4 percent, delivering profit attributable to owners of the company, before separately disclosed …

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BHP to quit U.S. shale business as annual profit surges

BHP Billiton (BHP.AX), the world’s largest miner, reported a surge in underlying full-year profits on Tuesday and said it would exit its underperforming U.S. shale oil and gas business, pleasing disgruntled shareholders who had called for a sale. The Anglo-Australian mining giant, which is under pressure from U.S. hedge fund …

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