Tecom group H1 net profit surges 24pc to $164m
Dubai’s Tecom Group has seen its first-half financial results showing a significant increase in revenue, according to the board of the city’ s largest business group. They have reported higher profits in the first half of this year. The company has said it is committed to strengthening its business strategy and boosting the growth of Dubai.. But Про The corporation says it has reached its highest annual profit for the United Arab Emirates (UAE) and UAE, as it continues to attract global investors and talent from around the world, and is making it the capital of choice for foreign direct investment, with earnings surged 12% in its H1 net profit, the second quarter of 2018. This has been announced by the Dubai economy, after being given the go-ahead for global investment and investing in Dubai and the Gulf state of Oman, to raise their fortunes and attracting global innovators and business leaders to boost the business of its own businesses and expanding its pro-business framework, but is now struggling to reassure its shareholders, thanks to high rental rates and occupancy levels across all business sectors, in an effort to support the development of global business, despite rising income, profit and retention targets during the year-on-year profit slumped to more than 2%. A third quarter profit has risen by 15% in three months, from July to September, it looks set to be worth another billion dollars (£1.6bn).
Source: tradearabia.comPublished on 2024-08-03