Home / Tag Archives: profits

Tag Archives: profits

Dubai Gold and Commodities Exchange breaking records

The Dubai Gold and Commodities Exchange (DGCX) has traded 18.8 million contracts year-to-date (Y-T-D), up 35% year-on-year (Y-O-Y), and is on track to break its annual volumes record of 19.67 million contracts. Y-T-D Average Daily Volumes (ADV) are at an all time high, reaching 87,253 lots. Amidst continued market volatility, …

Read More »

Mubadala posts profit of Dh10.9b in H1 2018

Mubadala Investment Company on Thursday announced a profit of Dh10.9 billion for the first half of 2018 driven by strong revenues from public equities and operating companies in the petroleum and petrochemicals platform, the company said on Thursday. The Abu Dhabi based Mubadala also announced a total comprehensive income of …

Read More »

Eshraq reports best half-year since 2014

Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that the new figures are their best half-year since the first half of 2014. In the second …

Read More »

Tabreed posts 10% higher net profit in H1 2018

National Central Cooling Company, also known as Tabreed, posted a 10 per cent increase in net profit for the first half of 2018 on the back of higher revenues and growing number of customers for its district cooling solutions. Net profit attributable to the parent reached Dh211.9 million in the …

Read More »

Adnic posts Dh150.5m net profit for H1 2018

Abu Dhabi National Insurance Company (Adnic)’s net profit grew 17.1 per cent in the first half of 2018, largely due to an increase in net investment income, results show. The Abu Dhabi-listed company posted a net profit of Dh150.5 million, during the six-month period ended June 30, compared to Dh128.5 …

Read More »

Exxon misses on profit as output hits lowest level in decade

Investors battered the shares of America’s two biggest oil explorers after Exxon Mobil Corp and Chevron Corp posted disappointing earnings, failing to fully capitalize on rising oil prices. For Chevron, weaker-than-forecast financial results didn’t dissuade the company from resurrecting share buybacks to the tune of $3 billion (Dh11 billion) annually …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »