Latest Threads on News from companies

The text refers to the unaudited interim condensed consolidated financial statements for United Foods Company (PSC) and its subsidiaries as of March 31, 2025.

United Foods Company (PSC) and its subsidiaries have released their unaudited interim condensed consolidated financial statements as of March 31, 2025.

Al Ramz Corporation Investment and Development P.J.S.C. has released its interim condensed consolidated financial statements as of March 31, 2025. The principal business address is P.O. Box 121200, Dubai, United Arab Emirates.

Al Ramz Corporation PJSC reported strong financial results for the first quarter of 2025, with a net profit of AED 6.7 million, marking a 317% increase compared to the previous year. The company's topline revenue grew by 42%, driven by a 36% rise in commission income. Al Ramz secured significant liquidity provision mandates from ADNOC Gas, Borouge, and Fertiglobe. The company continues to focus on sustainable growth through investments in digital trading platforms, market making, asset management, and prime brokerage services. It expanded its market-making services into Saudi Arabia, Oman, and Bahrain, and plans to enhance these capabilities through strategic partnerships. In asset management, Al Ramz saw a 300% increase in revenues, underscoring the effectiveness of its strategic partnerships and leadership vision, solidifying its position as a leading financial partner in the region.

Drake and Scull International PJSC (DSI) reported a net profit of AED 2.5 million for the first quarter of 2025, marking a return to profitability from a net loss of AED 42.5 million in the same period of the previous year. The company's revenue for Q1 2025 was AED 30.4 million, slightly up from AED 30.0 million in Q1 2024, while gross profit decreased to AED 2.2 million from AED 2.6 million. Total assets stood at AED 634.3 million, and total equity was AED 145.6 million as of March 31, 2025. Revenue stability was attributed to wastewater and water treatment projects in markets like India, Romania, Tunisia, and Jordan. General and administrative expenses increased to AED 11.4 million due to higher staffing and other costs. DSI maintained a strong cash position of AED 298.5 million, with cash movements mainly due to strategic property investments of AED 21.4 million.

The document is a review report and interim condensed consolidated financial statements for Dubai Insurance Company (PJSC) and its subsidiaries, dated 31 March 2025. The financial statements are unaudited.

Dubai Insurance Company held a Board of Directors meeting on May 12, 2025, at 11:30 AM at the company's head office. The agenda included the approval of the first quarter financials for 2025. The communication was addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market, and was signed by Sahem Abdel Haq, the Head of Legal.