Borouge: 1Q24 Attributable Profit up 37% YoY (-5% QoQ) To USD271mn, Higher than Estimates
The company posted gross margins of 44%, highest since 2Q22, despite lower utilization in 1Q24 owing to planned plant turnaround which had a volume...
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DIB 1Q24 Review: Earnings up 8.3% YoY (-24.1% QoQ), In-Line with Estimates
DIB reported 1Q24 shareholder’s profit of AED1.5bn, in-line with estimates, up 8.3% YoY but down 24.1% QoQ due to QoQ drop in net interest and non...
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ADCB 1Q24 Review: Core Profits up 11% YoY (-3.3% QoQ), In-Line with Estimates
ADCB reported 1Q24 shareholder’s profit of AED1.9bn, in-line with estimates, up 11% YoY but down 3.3% QoQ, after adjusting on-off gains reported in...
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ADIB 1Q24 Review: Earnings up 31% YoY (-6.5% QoQ), Beat Estimates
ADIB reported 1Q24 shareholder’s profit of AED1.3bn, better than estimates, due to lower operating cost and lower impairment provisions
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1Q24 Quarterly Result Previews
We expect FAB to report shareholder’s profit of AED3.45bn in 1Q24e, down 6.5% YoY and down 5.4% QoQ, as a result of the implementation of new UAE...
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