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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

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.

Burjeel Holdings Q1 profit $33m

The revenue was driven by improved utilization across hospitals, in particular Burjeel Medical City, and the Medical Centers segments. (WAM)
  • Firm's revenue increased by 11.6 percent year-on-year and net profit by 43.4 percent reflecting strong growth.
  • Burjeel Holdings continue to review partnership opportunities in the Middle East and Africa region.

ABU DHABI, UAE – Burjeel Holdings, a leading healthcare services provider in the UAE and MENA listed on the Abu Dhabi Securities Exchange, on Tuesday announced its financial results for the first quarter of 2023.

Burjeel Holdings revenue for Q1 2023 was US$299 million (AED1.1 billion), an increase of 11.6 percent year-on-year, driven by improved utilization across hospitals, in particular Burjeel Medical City, and the Medical Centers segments.

Group EBITDA for the three-month period ended  March 31, 2023 increased by 13.4 percent year-on-year to US$65 million (AED 241.6 million) in Q1 2023.

Net profit in Q1 2023 saw a year-on-year growth of 43.4 percent to US$33 million (AED 121.3 million), due to a combination of higher revenues, increased operational efficiencies and lower finance costs stemming from ongoing debt reduction.

Chief Executive Officer of Burjeel Holdings, John Sunil, said, “Burjeel Holdings delivered an impressive result for the first quarter of 2023, achieving strong growth both in top-line and bottom-line whilst making significant operational and strategic progress.”