Profit
The official pointed out that the Suez Canal accomplished revenues worth $530.7 million in FY2020/2021 with a hike of 20.7 percent.
The rate of profit from this sector was expected to hit $16 billion by the end of 2020.
CI Capital's revenues hiked to LE 2.5 billion in 2018, compared to LE 1.85 billion in 2017.
As per standalone results, Global Telecom deepened its loss during January to September period to $338.7 million, compared to a loss of $84.5 million during the same period of 2017.
As per standalone results, the company achieved a profit of LE 816.7 million during the January to September period, compared to LE 755.9 million in 2017.
Operating profit in the third quarter doubled to $6.88 billion from $3.44 billion a year earlier, and higher than the $6.11 billion expected by Wall Street, according to IBES data from Refinitiv.
The consolidated gross profit increased 17.52 percent to reach LE 1.59 billion, compared to LE 1.35 billion in the same nine months of 2017.
The average U.S. based mutual fund reduced its stake in financial companies by nearly 1.1 percentage points in the second quarter to approximately 14 percent.
As per standalone results, the company marked an increase of 2.38 percent, recording LE 1.42 billion during the first half of 2018.
Ford’s shares fell 3.7 percent in after-hours trade.
The board of directors of the company approved the splitting of its stock to be valued at LE 0.50 instead of LE 5.
As per standalone profit, Juhayna marked a profit of LE 84.68 million, compared to LE 75.63 million during the same half of 2017, with an 11.97 percent increase.
Short-term-oriented capital markets have discouraged companies with a longer-term view from going public at all, depriving the economy of innovation and opportunity, the said.
The Japanese automaker’s sales in China fell 15.3 percent in May from a year earlier to 99,263 vehicles, it said on Monday.
IATA said the industry is expected to post a $33.8 billion profit this year, 12 percent below a previous forecast of $38.4 billion.
Net profit for the struggling conglomerate is likely to grow to 1.07 trillion yen ($9.75 billion) from 804 billion yen.
The company’s financial indicators revealed recording revenues of LE 2.9 billion during the three months ending March 2018.
For the standalone profit, Hermes marked a decline to LE 33.75 million, compared to LE 207.15 million in Q1 of 2017.
As per standalone profits, the bank recorded a profit of LE 2.017 billion in Q1-18, compared to LE 1.78 billion in the same period of 2017.
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