Latest Threads on News from companies

Sudatel Telecom Group Ltd. has announced a delay in disclosing its financial statements for the second quarter of 2024, which were originally due by August 14, 2024. The postponement is due to ongoing discussions about the accounting treatment of financial obligations, particularly in light of significant depreciation of the local currency (SDG) against the reporting currency (USD). The company aims to provide the financial statements as soon as these discussions are concluded. The announcement was made by Sally Mikhail Younan, the Board Secretary Director.

Invictus Investment Company reported a 35% increase in commodity transaction volumes, reaching 3.36 million metric tonnes in H1 2024, compared to 2.48 million metric tonnes in H1 2023. Revenue remained stable at AED 4.26 billion, a 0.55% increase from the previous year. Net profit was AED 84.23 million, and total equity rose to AED 1.11 billion from AED 990.1 million in H1 2023. The company attributed its resilient performance to strong profit margins and growth in sales volumes despite challenging market conditions. CEO Amir Daoud Abdellatif emphasized the company's focus on investments in value chains and downstream acquisitions to enhance operational capabilities. Additionally, Invictus Investment published its first Environmental, Social, and Governance (ESG) report for 2023, marking progress in its sustainability efforts.

GFH Financial Group B.S.C. announced the successful completion of its webcast for the second quarter of 2024 financial results. The webcast was held online on Wednesday, August 14, 2024, at 1:00 p.m. Bahrain time. The presentation and script from the session are attached. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

On August 14, 2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its sixth board meeting of the year at 14:00 PM. The board approved the minutes of the fifth board meeting of 2024 and the financial statements for the second quarter of 2024.

Manazel PJSC has released its interim condensed consolidated financial statements for the period ending June 30, 2024. These statements are unaudited.

The National Investor Pr. J.S.C. has released its unaudited interim condensed consolidated financial information for the six-month period ending on June 30, 2024. The principal business address is P.O. Box 47435, Abu Dhabi, United Arab Emirates.

Manazel PJSC has released its interim condensed consolidated financial statements for the period ending June 30, 2024. These statements are unaudited.