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Company News, Business

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Amanat 2022 net profit up 24%

Amanat Holdings enjoys a strong growth trajectory across both platforms . (Amanat)
By Hilal Mir
February 21, 2023 4:15 pm
  • The company's total income grew 16 percent to AED 178.2 million in 2022, against the AED 153.7 million in 2021.
  • In a statement, the company said it has proposed dividends of AED 100 million, which is 88 percent of profit attributable to equity holders.

Dubai, UAE–Amanat Holding has reported a net profit of AED117.4 million ($31.96 million), a 14 percent increase over AED 103.4 million in 2021.

The company’s total income grew 16 percent to AED 178.2 million in 2022, against the AED 153.7 million in 2021.

In a statement, the company said it has proposed dividends of AED 100 million, which is 88 percent of profit attributable to equity holders.

Amanat’s Chairman Hamad Alshamsi said the company concluded nine transactions at a combined value of AED 2.5 billion during the past two years.

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