collected by :Victor Alphen
Company Information Systems foreseen to officially declare its 2017 earnings in coming days Emaar Properties’ 1.8 bn estimate of its profit in 2017 was before depreciation, a spokeswoman for the Corporation told on Saturday.
The spokeswoman was clarifying a statement on Wednesday with Emaar chairman Mohamed Alabbar, that told it made $1.8 bn in profit & lock to $5 bn in discounts in 2017.
The developer of the further than 160-storey Burj Khalifa, the world’s tallest tower, made $1.43 bn in 2016 & announced $3.92 bn in Dubai property sales.
“We’ve been growing about twenty to 25 % on an annual basis,” Alabbar told on Wednesday.
The Corporation Information Systems foreseen to officially declare its 2017 earnings in coming days.
Dana Gas swings to internet profit in 2017 boosted with settlement with Kurdistan Regional Govt
DUBAI, Feb eleven (Reuters) – UAE energy maker Dana Gas swung to a internet profit of $83 mn in 2017 from a internet loss of $88 mn a year earlier after a $1 bn payment as fraction of a settlement with the Kurdistan Regional Gov (KRG).
The company’s revenues were too boosted with higher oil prices & higher produce in Egypt & Kurdistan, where the Abu Dhabi-listed maker has its major assets.
However, Dana posted a internet loss of $42 mn in the 4th quarter of final year, Reuters calculated in the absence of a quarterly breakdown, compared with a $7 mn profit in the same period a year earlier.
Dana, that has struggled to gather receivables from Kurdistan & Egypt over the past 4 years, gathered $466 mn from the KRG & $164 mn from Egypt final year.
Dana’s cash balance at the finish of 2017 amounted to $608 million, further than double the $302 mn it had at the finish of 2016.