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Misr Hotels profits rise 58% in FY17/18
02 - Thu - Aug - 2018
Misr Hotels profits rise 58% in FY17/18
The financial indicators of Misr Hotels have shown a 57.6% year-on-year surge in profits for the fiscal year 2017/2018 due to higher sales.The company logged EGP 149.8 million in profits during the July-June period of FY17/18, versus EGP 95 million a year earlier, Misr Hotels said in…
NBK Egypt profit hikes 36% in H1
02 - Thu - Aug - 2018
NBK Egypt profit hikes 36% in H1
The financial indicators of National Bank of Kuwait – Egypt (NBK) showed a 36.1% year-on-year growth in profits for the first half of 2018, recording EGP 989 million from EGP 727 million.The bank attributed the robust H1-18 profits to an EGP 100 million increase in net return,…
Tesla achieves $4bn revenue; maintains non-GAAP loss
02 - Thu - Aug - 2018
Tesla achieves $4bn revenue; maintains non-GAAP loss
Tesla has posted a $4 billion revenue in the second quarter of 2018, exceeding Wall Street’s estimates.The California-based electric vehicles manufacturer has also reported a non-GAAP loss of $520 million, according to a company statement.Tesla’s revenue comprises $3.36 billion automotive revenue and $374 million from its…
Rolls Royce suffers GBP 962m loss in H1
02 - Thu - Aug - 2018
Rolls Royce suffers GBP 962m loss in H1
 Rolls-Royce Holdings PLC on Thursday announced incurring a pretax loss of GBP 1.26 billion in the first half of 2018, against posting GBP 1.44 billion in prextax profits during H1-17.The UK-based firm also suffered GBP 962 million in net losses during H1-18, against a net…
Barclays turns profitable in H1-18
02 - Thu - Aug - 2018
Barclays turns profitable in H1-18
 Barclays PLC on Thursday reported turning a profit after posting GBP 468 million in the first six months of 2018, against suffering a loss of GBP 1.2 billion during H1-17.The British bank’s revenues amounted to GBP 10.9 billion during the six-month period ended June, according…