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Browsing: Corporate Results
United Arab Emirates will impose a 15 per cent Domestic Minimum Top-up Tax (DMTT) on large multinational corporations starting January, as per the Ministry of Finance announcement. This step aligns with the OECD’s global tax framework, supported by 136 countries, including the UAE, to ensure major corporations pay at least 15 per cent in taxes and reduce tax avoidance.
Dubai’s ENOC Group has achieved a regional first by providing specialized First Aid for Mental…
TECOM Group has disclosed its financial results for the second quarter (Q2) and first half (H1) of the year ending 30th June 2024. The Group’s net profit for H1 increased by 24% to AED 603M, with revenues growing by 9% year-on-year (YoY) to AED 1.1B.
Alpha Dhabi Holding has revealed its financial results for H1 2024. The group achieved a net profit of AED 6.7B for the six months ending 30 June 2024. Revenue surged to AED 29.3B, a 32% increase year-on-year (YoY).
Agthia Group PJSC (“Agthia” or “the Group”) announced today that its net profit surged by 32% year-on-year to AED 127.6M. Despite facing FX headwinds and the introduction of income tax in the UAE, the Group’s net profit margin expanded by 63 basis points to reach 8.8%.
Burjeel Holdings PLC today disclosed its financial results for the three-month period ended 31st March 2024, in line with International Financial Reporting Standards (IFRS), achieving a revenue increase of 11.1 percent to AED 1.2B in Q1 2024.
Abu Dhabi-based investment firm International Holding Company (IHC) – the most valuable entity listed on the Abu Dhabi Stock Exchange (ADX) – recorded a notable 87.6 per cent surge in net profit for the first quarter of 2024, reaching AED 8B ($2.18B), alongside a 22.5 per cent uptick in revenue to AED 19.3B ($5.26B).
E-commerce Giant Soars Past Expectations Amazon steamrolled past analyst expectations for the first quarter of…
In a significant financial development, UAE-based Apex Investment PSC has reported an extraordinary 625% surge…
National Bank of Fujairah (NBF) has released its financial results for the three-month period ending on 31st March 2024.