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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.

GASCO 9M 2023 profit up 16%

In Q3 2023, net profit rose slightly by 0.4% to SAR 57.2 million from SAR 56.98 million in Q3 2022. (GASCO)
  • GASCO noted an increase in revenue and financing income, along with higher share of results from associates.
  • In Q3 2023, net profit rose slightly by 0.4 percent to SAR 57.2 million from SAR 56.98 million in Q3 2022.

Riyadh, Saudi Arabia — National Gas and Industrialization Co. (GASCO) posted a 16 percent profit increase in the first nine months of 2023 to SAR 184.7 million ($49.23 million), compared to SAR 159.4 million in the year-earlier period.

GASCO noted an increase in revenue and financing income, along with higher share of results from associates. In addition, operating expenses and financing cost edged lower, Argaam reported.

Meanwhile, other income and investment income declined.

In Q3 2023, net profit rose slightly by 0.4 percent to SAR 57.2 million from SAR 56.98 million in Q3 2022.

On a sequential basis, the bottom line grew 4.9 percent from SAR 54.52 million in Q2 2023.

Shareholders’ equity, no minority interest, reached SAR 1.83 billion as of Sept. 30, 2023, up from SAR 1.69 million a year earlier, Argaam reported.