Dubai: DEWA’s 9-month 2024 revenues have totaled Dh23.5 billion, powering the net profit after tax to Dh5.5 billion. The corresponding net profit in 2023 was Dh613 million. On revenues and EBITDA – where DEWA tallied Dh11.8…
Tag: revenue
Abu Dhabi Islamic Bank sees nine-month revenue improve by 19% to Dh8b
During the third quarter, net profit after tax reached Dh1.6 billion, up 2 per cent sequentially and 13 per cent compared to last year. Additionally, continued strength in fee-based businesses helped revenue…
ADNOC Drilling takes in record $1 billion in Q3-2024 revenue
“Key milestones, such as the positive progress of Enersol (the joint venture with Alpha Dhabi) and the successful launch of Turnwell demonstrate our ability to execute on multiple fronts,” said Abdulrahman Abdulla…
Paytm shares dive after fintech pioneer's revenue slides 34%
A profitable quarter does little to ease Paytm’s long-term challenges. The company is trying to convince users and investors of its prospects following a regulatory onslaught in early 2024 that sent its…
Abu Dhabi’s Alpha Dhabi delivers H1 2024 revenue of Dh 29.3 billion, net profit of Dh6.7 billion
Total gains in the first half of the year at Dh 2.0 billion, were lower than corresponding period in 2023 when the group de-recognised PureHealth. The reduction in gains, together with the…
Dubai aircraft lessor DAE posts higher first-half revenue, pre-tax profit
For the first half of 2024, Dubai Aerospace Enterprise (DAE) reported higher revenue of $679.2 million and a pretax profit of $154.3 million, as demand for both leased aircraft and airframe maintenance led…
Abu Dhabi master-developer Aldar delivers 50% plus gains on revenue, profit
Dubai: The mega-developer Aldar delivered another blockbuster first-half, with net profit surging 57 per cent to Dh3.3 billion. The ADX listed company, which in recent weeks has been raising its visibility in…
Dubai grocer Spinneys freshens up with Dh815m Q1-2024 revenue
Online sales accounted for Dh110 million during the 3 months period. Even as it was preparing for the IPO, heavily backed by retail and institutional investors, Spinneys was putting the final touches…
Saudi Arabia telecom stc's revenue rises to 19.1b riyals in Q1
The release said that Gross Profit for the first quarter grew by 5.13 per cent compared to the previous quarter and by 1.65 per cent compared to the comparable quarter last year,…
ADNOC L&S pulls out strong Q1-2024 numbers, with Dh3b in revenue
Based on these numbers, ADNOC L&S has revised its full-year projections higher. “This strong financial performance has been powered by ADNOC L&S’ ambitious transformational growth strategy whereby the company intends to invest in…