United Arab Emirates – Mubasher: Several important UAE-listed companies are set to disclose their financials for the first quarter of 2015 on Sunday.
The board of Air Arabia, listed on the Dubai Financial Market (DFM), is set to meet today. The airline previously reported a net profit of AED 566 million in 2014, up 30% from figures in 2013.
Meanwhile, on the Abu Dhabi Securities Exchange (ADX), Abu Dhabi National Insurance Co. (ADNIC), Abu Dhabi Ship Building (ADSB), Green Crescent Insurance Co. (GCIC) and the National Company for Tourism and Hotels (NCT&H) are to announce their first quarter financials today.
ADNIC previously reported a 16.6% profit rise in 2014 to AED 37.8 million compared to AED 32.85 million in 2013, whereas ADSB reported turning to loss during 2014 with a net loss of AED 131.703 million against a net profit of AED 51.36 million the year before.
GCIC said it achieved a net profit of AED 40,000 in 2014 against a loss of AED 4.65 million in 2013.The tourism and hotels firm is scheduled to meet Sunday afternoon. It previously reported a 29% annual profit rise to AED 158.72 million, up from AED 123.274 million in 2013.