Tag Archives: profits

Dubai-listed Air Arabia reports 27% rise in profits

LONDON: The Dubai-listed Air Arabia on Sunday reported a 27 percent increase in third-quarter profit.The low-cost airline said it made a net profit of 376 million dirhams ($ 102.4 million) in the three months to Sept. 30, compared with 297 ...

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Apple’s iPhone X hits Asia stores as profits soar

Related Articles HONG KONG: Apple profits soared by a fifth as its flagship iPhone X hit stores in Asia Friday, with the company predicting bumper sales despite its eye-watering price tag.Net profit rose 19 percent from a year ago to ...

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HSBC Q3 profits up five-fold to $4.6 bn on booming Asia

Related Articles HONG KONG: Profits at banking giant HSBC leapt five fold in the third quarter to $ 4.6 billion, the company said Monday, as business booms in Asia and a huge restructuring drive bears fruit.The massive jump in pre-tax ...

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Troubling Turn in Afghan War: Taliban Profits Soar by Making Heroin

KABUL, Afghanistan — The labs themselves are simple, tucked into nondescript huts or caves: a couple-dozen empty barrels for mixing, sacks or gallon jugs of precursor chemicals, piles of firewood, a press machine, a generator and a water pump with ...

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What Worries? Big Tech Companies Post Glowing Quarterly Profits

Big technology companies are being dragged in front of Congress to answer tough questions about their impact on the 2016 presidential election, and their market power is under increasing scrutiny. But back on their home turfs, it is business as ...

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Atlantic Hurricanes Wipe Out Reinsurers’ Profits in Europe

FRANKFURT — The financial damage from the hurricanes that struck Texas, Florida and the Caribbean in recent months crossed the Atlantic on Thursday when Munich Re, a German insurer, warned that virtually all of its profit this year would be ...

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Damac advert spend surges but profits fall

LONDON: A splurge on marketing spending failed to deliver a bottom line boost to Damac Properties — the developer behind behind the only Trump-branded golf course in the Middle East. The Dubai-based developer is well known for its marketing gimmicks such ...

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Samsung chief executive announces shock resignation as profits surge

SEOUL: Samsung said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery.The surprise resignation ...

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Fashion group Esprit’s profits jump threefold despite slight revenue dip

HONG KONG: Fashion group Esprit Holdings on Wednesday reported a more-than-threefold rise in full-year profit that came in slightly above the midpoint of the company’s forecast as it trimmed operating costs.The Europe-focused clothing retailer is undergoing a multi-year revamp that ...

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