Net profit up 16% to $38.4 million; Flagship BMC continues impressive performance; Patient footfall and bed occupancy rises
revenue
Latest in revenue
ADNOC
ADNOC Gas profits surge to $1.19bn on strong domestic demand
Company plans to invest more than $13 billion in domestic and international growth opportunities between 2024 and 2028
Abu Dhabi
IHC’s Q1 revenue increases 22.5% to $5.26 billion
ADX’s most valuable company’s net profit grows 87.6% to $2.18 billion; share buyback of $1.36 billion approved
Alpha Dhabi
Alpha Dhabi revenue up 11% to a record $3.87 billion
Net profit reaches $1.25 billion; Net profit from operations up 232%; Total asset base at $40.14 billion
American Space Agency
Elon Musk’s SpaceX turns profitable for the first time after 2 annual losses
A WSJ report says the company generated $55 million profit for the first time in Q1; Bryce Briefing says it has nearly 80% share of space traffic market
Borouge
Borouge negotiates tough market conditions to post $2.8 billion revenue
Company’s Value Enhancement Programme delivers a positive impact of $253 million year-to-date; Board endorses $650 million interim dividend
employee compensation payments
UAE public spending up 20 percent to hit $23 billion in first quarter of 2022
Employee compensation payments were valued at AED28.7 billion, showing a 16.6 percent rise. Other expenses include goods and services, social benefits, financial aid, interest, fixed capital expenditure, grants and other expenses
Dubai
RTA’s digital platforms revenues up 32 percent to AED3.5 billion
The number of digital transactions reached 676 million last year across 309 services provided via digital channels
Bader Nasser Al Kharafi
Zain Group reports 7% drop in Q3 net income
Sudanese currency’s devaluation impacted the overall results for the quarter and year-to-date