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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Jarir reports drop in H1 profit

Higher non-operating expenses impacted the nine-month results. (Jarir)
By TRENDS Desk
July 18, 2022 9:16 am
  • Consequently, its shares fell 2.78 percent to $39 on Sunday
  • This decline was caused by a 5.5 percent drop in sales compared to the same period last year along with higher marketing and sales expenses

Jarir Bookstore of Saudi Arabia has reported a six percent drop in profit to $114 million in the first half of the current year.

Consequently, its shares fell 2.78 percent to $39 on Sunday.

The retail giant saw its profits drop by 6 percent during the first half of 2022, on the back of lower sales.

The company’s net profit dropped to SR428.5 million ($114 million), compared to SR456.9 million in the previous year, according to bourse filings.

This decline was caused by a 5.5 percent drop in sales compared to the same period last year along with higher marketing and sales expenses.

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