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HuaweiThe net operating profit grew 17.2 per cent year on year to Dh11.59 billion in the full year from Dh9.89 billion, the telecommunication company said in a regulatory filing to the Abu Dhabi Securities Exchange.
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Overall gross margin increased to 28.2 per cent. Gross margin from core businesses rose to 29.3 per cent from 28.4 per cent in 2014 driven by an increase in tile sales. This was coupled with higher sanitaryware and tableware sales.
The Dubai-based construction major normalised its profitability following the third quarter 2015 one-off provisions and posted a steep jump in net profit of Dh14.7 million in the three months to December 31, compared with a profit of Dh3.8 million in the year-earlier period.
Decline in global oil prices erodes gas firm's revenues and gross profit
Revenues rose 17 per cent to Dh976.9 million as a result of its increased market share.
The shipping company's net income reached Dh20.2 million for the year ended December 31, 2015. This is significantly higher compared to the 2014 profit of Dh10.03 million.
Du made a net profit of Dh461.0 million ($125.5 million) in the three months to December 31, down from Dh512.7 million in the year-earlier period, according to Reuters' calculations based on previous financial statements.
The group has already invested $1.2 billion and is currently the only foreign operator with six port concessions in India with approximately 30 per cent market share.
This is part of its preparation for the first Commonwealth of Independent States Global Business Forum in Dubai, to be held on February 17 and 18. It has launched a special report on the occasion titled, 'Tapping the Silk Road Opportunities'.
Children love smartphones and tablets because of their bright, flashy images and intuitive, responsive interfaces, and are happy to spend hours watching videos and playing games.
