#Profitability

Supermarket chain Spinneys posts Dhs75m in Q1 profit

Supermarket chain Spinneys posts Dhs75m in Q1 profit

The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024

Etihad’s Q1 profit surges to Dhs526m ahead of potential IPO

Etihad’s Q1 profit soars to Dhs526m ahead of potential IPO

The airline carried 4.2 million passengers in the January-March period, while passenger revenue came in at Dhs966m

Etihad Airways carries 14 million passengers in 2023

Etihad Airways witnesses 40% yearly surge in passenger traffic

The airline reported a 2023 net profit of Dhs525m and a previously unreported 2022 net profit of Dhs92m

flydubai grows global network to 122 routes in 2023

flydubai expands global network to 122 destinations in 2023

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

Alpha Dhabi’s annual profit surges to Dhs13.3bn

IHC’s Alpha Dhabi posts Dhs13.3bn in full-year net profit

The group’s balance sheet remains resilient with Dhs140.4bn in assets and a strong cash position of Dhs20.2bn

Empower’s annual revenue up 8.7% in 2023

UAE’s Empower posts Dhs3bn in full-year revenue

The Dubai-listed firm proposed a final dividend of Dhs425m for 2023, which will be paid by April 2024

Mashreq posts 130% rise in full-year profit

Mashreq’s annual profit surges to record on higher net income

The bank’s non-interest income reached Dhs3.1bn in 2023, up 13 per cent compared to the previous year

Emirates NBD posts Dhs21.5bn in full-year profit

Dubai’s Emirates NBD posts 65% rise in 2023 earnings

The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022

DIB reports 26% rise in full-year net profit

DIB’s full-year profit surges to Dhs7bn on higher interest income

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

FAB’s Q3 2023 profit surges by 48% on revenue boost

FAB’s Q3 2023 profit surges by 48% on revenue boost

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

IATA global airlines

Global airline profit to reach $9.8bn in 2023: IATA

The industry’s operating profit will reach $22.4bn this year, more than the December forecast of $3.2bn

Mercedes

Mercedes to swing to top-end models in luxury-car profit race

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

Women in business: How diverse perspectives deliver greater profitability

Strong leadership has nothing to do with gender, feminism or politics – and everything to do with outperforming on both profitability and value creation

Dubai’s Emirates will ‘go profitable’ during 2022-23

Meanwhile, six more airlines, including Abu Dhabi’s Etihad Airways, will implement the IATA Travel Pass

Outlook 2021: Challenging outlook offers varied picture for GCC banks

The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms