#financial results


Dubai’s DEWA reports revenue of Dhs12.7bn in H1 2023

For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn

Tecom Group

Tecom Group’s H1 2023 net profit up 13% to Dhs485m

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

Qatar Airways FY 2022-23 financial Results Image Qatar Airways

Qatar Airways reports $1.21bn in net profit for FY2022-23

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

aramex earnings Q3 2022

Aramex reports revenue of Dhs4.39bn for the first nine months of 2022

The company’s freight forwarding business reported a strong performance, attributable to increased volumes from industrial, retail and SME verticals

TECOM Group Dubai-Internet-City-7

Tecom group’s net profit for first nine months rises by 51% to Dhs639m

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

e& h1 2022 profits

UAE’s e& reports consolidated net profit of Dhs4.9bn for H1 2022

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

Tesla delivered a record 201,250 cars in second quarter

Quarterly deliveries are one of the most closely watched indicators for Tesla

Lenovo PC sales in GCC expand 12.2% in 2020

Lenovo captured 26.5 per cent of the GCC PC market share in Q4 2020

UAE top 10 banks see profits drop by 38.9% in H1 2020: KPMG

Non-performing loan ratio increases from 3.8% in December 2019 to 4.1% in June 2020

Oman’s top banks see 34.2% decline in profits: KPMG

Increase in non-performing loans squeezed banks’ profits in the GCC country

Saudi Aramco reports 21% profit drop for 2019 on lower oil prices

Brent crude averaged $64.12 a barrel in 2019 compared with $71.67 the previous year