INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

NADEC records $11m profit

  • There was a 21 percent revenue increase due to a high growth in sales of dairy and food processing
  • The company had posted losses of $2.9 million in the same period last year

National Agricultural Development Company of Saudi Arabia has recorded profits during the first half of 2022 helped by a surge in sales of dairy and food processing.

The company turned green with a profit of $11 million in the first six months of the year from losses of $2.9 million in the same period last year, according to a bourse filing.

The company attributed the result to an 18 percent growth in sales of dairy and food processing, leading to a 21 percent revenue increase.