Adjusted EBITDA of $350.6 million, with 21.8% EBITDA margin; 113 gross new stores added, taking its total to 2,504 restaurants
Results
Abu Dhabi
Emirates Stallions Group revenue soars 125% YoY to $245.2 million
Operational profit up 69% to $41.33 million; Gross profit up 221% to $82.83 million; Total assets rise 13% compared to December 2023
Connectivity
UAE telco du posts its best ever 9M results as net profit surges 49.7%
The telecom company’s Q3 net profit was $195.8 million – its best quarter in the past three years
Dubai
Union Properties’ 9M profits up 43.2% to $14.43mn
The company plans to launch projects worth $1.63 billion in the next 18 months, says CEO Amer Khansaheb
Aviation
Boeing posts $6.2bn loss, the second-worst quarter in history
Hours after the results, union workers decide to reject new contract and extend its strike into a sixth week
Abu Dhabi
First Abu Dhabi Bank reports net profit of $1.23bn for Q3, up 5% year-on-year
The bank’s net profit was based on a revenue of AED23.9bn ($6.51bn)
Abu Dhabi
Fertiglobe announces $150mn interim dividend for H1 2024
The approved dividend is equivalent to 6.6fils per share and takes the total dividend since IPO to $2.42 billion
Kuwait
Kuwait’s EQUATE Group reports $348mn net income in H1 2024, up 291% YoY
The company also reported total revenue of $1.86 billion in the first half of this year
Abu Dhabi
Borouge shareholders approve $650 million interim dividend
Dividend equates to 7.94 fils per share for first half of 2024; Last date of purchase is 5 Sep and record date set for 9 Sep
Artificial intelligence
Investors unimpressed by Nvidia’s 122% growth in revenue
Although the Jensen Huang-led company beat market expectations on most counts, the share fell 8% in after-hours as investors wanted more
container terminal
DP World posts 3.3% revenue growth despite Red Sea and other challenges
H1 2024 revenue up to $9,335 million; EBITDA at $2,497 million; Bin Sulayem “optimistic” about medium- to long-term prospects
Amanat
Amanat Holdings declares interim dividend as revenue grows 17%
Company adds 3,000 students and beneficiaries as education vertical excels with 26% YoY growth in revenue
Abu Dhabi
TAQA’s revenue soar to $7.4bn as SWS acquisition starts adding up
Adjusted EBITDA up 4% to $2.97 billion; CapEx at $1.03 billion due to the construction progress of two major RO projects
Abu Dhabi
Debt-free Bayanat reports 18% increase in revenue to $74.3mn
H1 Gross Profit at $22.9 million with a margin of 31%; Net Profit at $5.2 million with a 7% net margin
Al Salam Bank-Bahrain
Bahrain’s Al Salam Bank income up 37.5% to $249.9mn
KFH acquisition helps increase total assets by 34.1% to $18.3 billion; Financing assets and customer deposits up 37.9% and 39.3% respectively
Dubai parking
Parkin’s Q2 net profit up 7% despite weather disruptions
Total parking spaces increased by 3% as net profit rises to $25.9 million; Revenues jump 12% to $56 million
Burjeel Holdings
ADX-listed Burjeel Holdings reports 5.9% rise in H1 2024 net profit to AED238mn
Healthcare major Burjeel sees revenue grow 10.4% to AED 2.4 billion in the first half of 2024