Latest Threads on News from companies

Union Properties PJSC reported a net profit of AED 18.3 million for Q2 2024, demonstrating strong performance driven by effective operational strategies and cost management. The company's revenue from contractual engagements increased by 7.6% to AED 128 million compared to Q2 2023. Subsidiaries contributed significantly, with a gross profit of AED 52.6 million in H1 2024, a 15% increase from the same period in 2023. Financial costs were reduced from AED 56 million in 2023 to AED 15 million in 2024 due to debt restructuring. The company achieved an accumulated profit of AED 34.8 million in H1 2024, doubling from AED 17.7 million in H1 2023. Additionally, a subsidiary is considering acquiring an outsourcing company to enhance asset value and profitability.

On 1 August 2024, Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, was notified of a Board of Directors meeting for Dubai Electricity and Water Authority PJSC (DEWA) scheduled for Thursday, 8 August 2024 at 9:00 am. The meeting agenda includes reviewing the company's financial statements for the second quarter ending on 30 June 2024, discussing the distribution of AED 3.1 billion in cash dividends for the first half of 2024 to be paid in October 2024, and addressing other business matters. The notification was signed by Aakash Nijhawan, Group Head of Investor Relations at DEWA.

The Emirates Telecommunications Group Company PJSC has released review reports and interim condensed consolidated financial statements for the six-month period ending on June 30, 2024.

The text refers to the financial documentation for Fujairah Cement Industries PJSC and its subsidiary for the six-month period ending June 30, 2024. It includes an independent auditor's review report and condensed consolidated interim financial statements. The information is unaudited and pertains to the company's operations in Fujairah, United Arab Emirates.