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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Advanced Petro Co. of KSA posts nearly 40% jump in net profit

The earnings increased despite a jump in outgoings, such as general/administrative expenses and offshore logistics costs.
  • “Net profit increased by 39 percent compared to Q3 2020 mainly due to the increase in polypropylene sales”
  • Sales revenue for the current quarter surged by 47.7 percent to 805 million riyals, while total comprehensive income grew from 286 million riyals to 356 million riyals

Advanced Petrochemical Company of Saudi has posted nearly 40 percent increase in net profit to $58 million for the third quarter, because of a big jump in polypropylene sales.

“Net profit increased by 39 percent compared to Q3 2020 mainly due to the increase in polypropylene sales,” the company said.

Sales revenue for the current quarter surged by 47.7 percent to 805 million riyals, while total comprehensive income grew from 286 million riyals to 356 million riyals over the same period.

The earnings increased despite a jump in outgoings, such as general/administrative expenses and offshore logistics costs, which went up by 27 percent and 195 percent, respectively.

For the first nine months of the year, total sales/revenue touched more than 2.2 billion riyals, up from 1.6 billion riyals in the previous year. Net profit also grew from 416 million riyals to 654 million riyals during the same period.