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The text appears to be the first quarter management discussion and analysis report for the year 2024 from Borouge PLC, published on April 30th, 2024. The report likely contains information about the company's financial performance, business strategies, and market conditions.
On 29th April 2024, the Board of Directors of Borouge PLC held a meeting via video conference. During the meeting, the Board approved the company's financial statements for the first quarter of the current financial year 2024. The Board also discussed recent developments relating to the company's activities and projects. The information was disclosed to the Market Operations & Surveillance of Abu Dhabi Securities Exchange and a copy was sent to the Securities and Commodities Authority.
Dubai Financial Market has announced a significant 171% rise in its net profit before tax for Q1 2024, amounting to AED 95.6 million.
The text refers to a review report and condensed interim consolidated financial information from the Dubai Financial Market (DFM) P.J.S.C. The information covers a three-month period ending on 31 March 2024. This report is likely to be of interest to those involved in finance and investing.
GFH Financial Group B.S.C. has announced the purchase of 13,820,630 of its own shares (treasury shares), increasing its total treasury shares from 201,033,405 (5.25% of total issued shares) to 214,854,035 (5.61% of total issued shares) as of 29th April 2024. The decision to purchase was made in a board meeting in September 2021, and the purchase was approved by the Authority in April 2024. The average purchase price was USD 2910 per share. The remaining shares available for purchase are 168,405,348.
Emirates Integrated Telecommunications Company PJSC reported a 63% increase in net profit in Q1 2024, driven by a 4.1% revenue increase to AED 3.58 billion and a 16.2% rise in EBITDA to AED 1.59 billion. The company's EBITDA margin expanded by 4.6 points to 44.3%. The launch of "du Pay," a digital financial service, marked a significant step towards diversifying the company's business activities. The company's mobile customer base grew by 5.7% to 8.7 million subscribers, while its fixed customer base rose by 11.1% to 616,000 subscribers. The new royalty and corporate tax regime was also highlighted, and the company re-affirmed its guidance.