#Profitability
The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30
The energy firm declared dividends of $31.1bn for the second quarter, including $10.8bn in performance-linked payouts
The company posted a quarterly net profit of $295m, a 28 per cent increase from $228m in Q2 2023
The company said its long-term focus would remain on “strategic portfolio optimisation” and restructuring underperforming assets
The profitability was attributed to sustained price premia for polyethene and polypropylene, which remained at $198 and $138 per tonne, respectively
Customer financing increased by 15 per cent YTD, with Dhs16bn of new financing extended in the January-June period
The banking group had QAR1.3tn in total assets in the six months ending June 30, a 5 per cent increase compared to the same period a year ago
The airline carried more than 40 million passengers, an increase of 26 per cent from the previous year
The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024
The airline carried 4.2 million passengers in the January-March period, while passenger revenue came in at Dhs966m
The airline reported a 2023 net profit of Dhs525m and a previously unreported 2022 net profit of Dhs92m
The carrier reported a 56 per cent year-on-year increase in passenger volumes on its GCC network and a 36 per cent increase in Europe
The group’s balance sheet remains resilient with Dhs140.4bn in assets and a strong cash position of Dhs20.2bn
The Dubai-listed firm proposed a final dividend of Dhs425m for 2023, which will be paid by April 2024
The bank’s non-interest income reached Dhs3.1bn in 2023, up 13 per cent compared to the previous year
The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022
The Shariah-compliant bank’s net operating revenues rose by 11 per cent YoY to reach Dhs11.7bn, while operating profit stood at Dhs8.5bn
The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022
The industry’s operating profit will reach $22.4bn this year, more than the December forecast of $3.2bn
Mercedes sees top-end vehicle sales increasing by 60 per cent by 2026, a jump that would help push its operating margin to around 14 per cent by mid-decade
Strong leadership has nothing to do with gender, feminism or politics – and everything to do with outperforming on both profitability and value creation
Meanwhile, six more airlines, including Abu Dhabi’s Etihad Airways, will implement the IATA Travel Pass
The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms