Mena News

 

  Sahara Petrochemicals reports strong rise in net income
Jan , 20 , 2013  
  Sahara Petrochemicals posted a net income of SAR64.5mn in 4Q12 compared to SAR5.0mn in 4Q11, powered by higher sales volumes and pricing. Net income increased 48% on QoQ basis. It, however, slid 50.3% YoY to SAR204.5mn in 2012 due to lower prices and volumes.
 

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  Dallah Healthcare Holding Co. announces 4Q12 results
Jan , 20 , 2013  
  Dallah Healthcare Holding Co. reported a 5.1% YoY increase in net income to SAR37.4mn in 4Q12. Net income increased 20.2% YoY to SAR136.3mn in 2012.
 

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  Astra Industrial Group declares 4Q12 results
Jan , 20 , 2013  
  Astra Industrial Group recorded a 0.8% YoY increase in net income to SAR63.4mn in 4Q12. Net earnings declined 2.2% YoY to SAR242.6mn in 2012.
 

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  Abdullah A. M. Al-Khodari Sons Company reports 4Q12 results
Jan , 20 , 2013  
  Abdullah A.M. Al-Khodari Sons Companyís net income halved to SAR27.3mn in 4Q12 compared to SAR54.4mn in 4Q11. Net profit declined 14.3% YoY to SAR135.4mn in 2012.
 

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  Yanbu Cement Co. announces 4Q12 results
Jan , 20 , 2013  
  Yanbu Cement Co.ís net income increased 32.6% YoY to SAR203.4mn in 4Q12. Net profit rose 36.1% to SAR720.5mn in 2012. The growth was driven by higher sales and commencement of new production facility.
 

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  The National Petrochemical Co. reports higher net loss in 4Q12
Jan , 20 , 2013  
  The National Petrochemical Co. reported a net loss of SAR399mn in 4Q12 compared to SAR29mn in 4Q11. Net loss for 2012 widened to SAR456mn in 2012 from SAR64mn in 2011.
 

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  Etihad Etisalat Co. declares 4Q12 results
Jan , 20 , 2013  
  Etihad Etisalat Co. (Mobily) recorded a net income of USD500.8mn (SAR1.9bn) in 4Q12, up 10.7% YoY, due to increased revenue from data services and roaming charges. Revenues rose 17% YoY to SAR6.8bn in 4Q12. Net income increased 18.5% YoY to SAR6.02bn in 2012.
 

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  SABIC reports 4Q12 results
Jan , 20 , 2013  
  Saudi Basic Industries Corpís net income increased 11.3% YoY to SAR5.8bn in 4Q12 due to higher revenues driven by higher prices. Net income, however, fell 15.5% YoY in 2012 owing to higher cost of sales and lower pricing in certain products.
 

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  US industrial production rises more than expected
Jan , 17 , 2013  
  Industrial production in the US rose more-than-expected on an increase in mining and manufacturing output that offset a steep decline in utilities output. Industrial production expanded 0.3% in December following a 1.0% (revised) rise the previous month; however, the market estimated production to move up 0.2% vis-ŗ-vis the originally reported 1.1% growth in November.
 

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  Emaar Properties denies spin-off plans
Jan , 17 , 2013  
  Emaar Properties denied plans to spin-off its Turkish unit and malls. Instead, the company seeks to list these businesses once market conditions turn favorable.
 

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