#financial results
The company’s Board of Directors proposed a dividend of Dhs619.8m, which is to be paid in the first half of 2025 (H1)
Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn
For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn
The H1 2023 revenue topped Dhs1bn, up 6 per cent YoY, driven by 87 per cent occupancy rate attributable to high retention rate and adding more than 1,500 new customers
Passenger revenue rose by 100 per cent over last year, on a capacity increase of 31 per cent driven by 9 per cent higher yields and a load factor of 80 per cent
The company’s freight forwarding business reported a strong performance, attributable to increased volumes from industrial, retail and SME verticals
Occupancy levels for its commercial and industrial assets were 83.5 per cent, registering the third sequential growth and a significant increase from the previous year
The number of etisalat by e& subscribers in the UAE reached 13.3 million in H1 2022, a 10 per cent year-on-year rise
Quarterly deliveries are one of the most closely watched indicators for Tesla
Lenovo captured 26.5 per cent of the GCC PC market share in Q4 2020
Non-performing loan ratio increases from 3.8% in December 2019 to 4.1% in June 2020
Increase in non-performing loans squeezed banks’ profits in the GCC country
Brent crude averaged $64.12 a barrel in 2019 compared with $71.67 the previous year