{"id":89083,"date":"2024-02-15T00:00:00","date_gmt":"2024-02-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/so-many-earnings\/"},"modified":"2024-02-15T00:00:00","modified_gmt":"2024-02-15T00:00:00","slug":"so-many-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/","title":{"rendered":"So many earnings"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.taqa.com\/\" style=\"\" rel=\"noopener\">Abu Dhabi National Energy Company\u2019s (Taqa)<\/a><\/strong><strong> net income rose 107% y-o-y to <\/strong><strong>AED 16.7 bn in 2023<\/strong>, driven largely by a AED 10.8 bn one-off gain from a 5% stake in <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/\" style=\"\" rel=\"noopener\">Adnoc Gas<\/a>, which <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1398.pdf\" style=\"\" rel=\"noopener\">it got (pdf)<\/a> in recognition of Taqa and Adnoc Gas\u2019 partnerships, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1384.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Excluding the one-off gain, net income fell 13% y-o-y to AED 7 bn due to lower returns from its oil and gas business. Revenues remained relatively flat at AED 51.7 bn, up 3% from the previous year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Taqa plans to shell out a total of AED 75 bn by 2030 as part of its expansion program. The expenditure will be directed to UAE-based transmission and distribution networks and Taqa\u2019s generation business, with 55% of investments going to renewable energy company <a target=\"_blank\" href=\"https:\/\/masdar.ae\/\" style=\"\" rel=\"noopener\">Masdar<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The board proposed full-year dividend payouts of AED 4.4 bn for 2023.<\/p>\n<p class=\"tag-border-left\">SHUAA CAPITAL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa Capital saw its net losses deepen 541% y-o-y to AED 866 mn in 2023<\/strong>, mainly attributed to noncash impairments associated with legacy assets and goodwill, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1420.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The firm reported a 34% increase in full-year revenues to AED 165 mn, fueled by expansion in core sectors, notably in asset management. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE-<\/strong> The investment bank plans to hold a general assembly to approve a share capital reduction, which will be followed by a capital increase before the end of June, in a bid to deleverage and strengthen its balance sheet, the earnings release said. The capital increase could raise some USD 150 mn via a rights issue, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-06\/dubai-s-shuaa-plans-rights-issue-after-alseddiqi-reduces-stake\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported previously.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>Shuaa, which has been listed on the DFM since 2022, disclosed in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/214.pdf\" style=\"\" rel=\"noopener\">October filing (pdf)<\/a> that it plans to go through a \u201ccapital optimization\u201d process to increase its profitability and shed debt. One of Shuaa\u2019s largest shareholders <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/dubai-listed-shuaa-capitals-top-shareholder-sell-stake-steps-down-md-2023-08-14\/\" style=\"\" rel=\"noopener\">sold a 25% stake<\/a> and stepped down as managing director last year. <\/p>\n<p class=\"tag-border-left\">Adnoc L&amp;S-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc L&amp;S income increases 138% y-o-y in 2023:<\/strong> Adnoc Logistics and Services\u2019 earnings more than doubled in 2023 to USD 620 mn, up 138% y-o-y, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1472.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues climbed 41% y-o-y to USD 2.7 bn. The company attributed the growth mainly to the robust performance of its logistics segment, which saw growth in demand for its jack-up barges, and other offshore support fleet, as well as increased logistics volumes, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1486.pdf\" style=\"\" rel=\"noopener\">financial analysis report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quarter\u2019s results:<\/strong> Adnoc\u2019s logistics arm saw its net income increase 89% y-o-y to USD 165 mn in 4Q 2023, while its revenues climbed 26% y-o-y to USD 828 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The company is recommending the distribution of USD 130 mn (AED 954 mn) in dividends for its 2H 2023 earnings, equivalent to 6.45 fils per share.<\/p>\n<p class=\"tag-border-left\">TABREED-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tabreed reported a 32% y-o-y drop in net income after minority interest to <\/strong><strong>AED 426 mn in 2023<\/strong><strong>, <\/strong>according to its <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/disclosures\/dbd352bf-57d9-426b-838c-486d0f76273b\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a>. The company\u2019s bottom line was affected by a \u201cone-off, noncash accounting impact\u201d from recognizing AED 359 mn in deferred tax liabilities on the back of the UAE\u2019s new corporate tax, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1478.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues for the year grew 9% y-o-y to AED 2.4 bn.<\/p>\n<p class=\"tag-border-left\"> AL ANSARI FINANCIAL SERVICES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ansari Financial Services\u2019 net income fell 15.7% y-o-y to AED 495.2 mn in 2023<\/strong>, due to a temporary decline in its remittance business and increased expenses, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1443.pdf\" style=\"\" rel=\"noopener\">earrings release (pdf)<\/a>. The company\u2019s operating income dipped by 1.9% y-o-y to AED 269 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown<\/strong>: The company recorded an 8% y-o-y dent in remittance operating income due tochallenges faced in key remittance markets like India, Egypt, and Pakistan. However diversification efforts resulted in a 9% y-o-y boost in non-remittance operating income, offsetting the downturn. Transactions across all services expanded by 8.5% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The company will distribute a minimum dividend of AED 600 mn for 2023. Half of this amount was paid out in November 2023, with the remaining AED 300 mn set to be distributed in April 2024, pending approval from shareholders.<\/p>\n<p class=\"tag-border-left\">E7- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E7 reported a net loss of 51.1 mn in 2023<\/strong>,compared to a net income of AED 67.9 mn in 2022, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1402.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Net income was impacted by accounting treatment due to E7's listing on ADX as a de-spac entity \u2014 the first in the region \u2014 with one-off noncash listing expenses of AED 191.4 mn. Excluding the effects of the merger with ADC Acquisition Corporation, E7 achieved a 110% y-o-y increase in its bottom line, E7 CEO Ali Alnuaimi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>E7 Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cbae4a36-d432-4cb2-ab7e-d95ba087ae31\" style=\"\" rel=\"noopener\">completed its de-SPAC process<\/a> last month and is now listed on the ADX under the ticker symbol E7, following a merger with ADC Acquisition Corporation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenues saw a 10% y-o-y uptick to AED 631.9 mn<\/strong>, prompted by an increase in new clients, notably in the security solutions, commercial printing, and sustainable packaging units.<\/p>\n<p class=\"tag-border-left\">FERTIGLOBE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe\u2019s bottom line dipped in 2023:<\/strong> UAE-headquartered urea and ammonia exporter and MENA\u2019s largest producer of nitrogen fertilizers Fertiglobe reported a 72% yo-y decline in adjusted net income after minorities to USD 363 mn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1403.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues dipped 52% y-o-y to USD 2.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For 4Q 2023:<\/strong> The company saw a 48% y-o-y drop in its adjusted net income to USD 102.5 mn in 4Q 2023, while revenues fell 39% y-o-y to USD 645.9 mn in 4Q 2023. On a quarterly basis, the company saw its net income jump 149% q-o-q, while revenues increased 23% q-o-q.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The company announced plans to pay USD 200 mn in dividends for 2H 2023. <\/p>\n<p class=\"tag-border-left\">AGTHIA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ-owned F&amp;B firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.agthia.com\/\" style=\"\" rel=\"noopener\">Agthia Group<\/a><\/strong><strong>\u2019s net income rose 9.9% y-o-y to AED 299.6 mn in <\/strong><strong>2023<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1489.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company booked AED 4.6 bn in revenues, up 12% y-o-y. The growth was driven for most part by 38% y-o-y growth in revenues from its snacking portfolio, Agthia\u2019s top-performing segment, the company said. <\/p>\n<p class=\"tag-border-left\"> E&amp;- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e&amp; reports<\/strong><strong> 3% y-o-y bottom line growth:<\/strong> Telecoms company <a target=\"_blank\" href=\"https:\/\/eand.com\/\" style=\"\" rel=\"noopener\">e&amp;<\/a> saw its net income increase 3% y-o-y to AED 10.3 bn amid rising demand for digital services, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1433.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues inched up 2.5% y-o-y to AED 53.8 bn, slightly impacted by exchange rate volatility. Without accounting for the volatility, revenues increased 8.3% y-o-y.<\/p>\n<p class=\"tag-border-left\">PHOENIX GROUP- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/phoenixgroupuae.com\/\" style=\"\" rel=\"noopener\">Phoenix Group<\/a><\/strong><strong> reported a 47% y-o-y increase in net income<\/strong> to AED 811 mn in 2023, on the back of revenue growth in the company\u2019s hosting and self-mining services, in addition to \u201cstrong performance from [the company\u2019s] investments in digital assets and associate investee companies,\u201d according to Phoenix\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1480.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a>.However, the recently-listed bitcoin mining company saw its revenues slump 61% y-o-y to hit AED 2.7 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember- Phoenix debuted on ADX<\/strong> last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a91af067-1959-4846-b417-55c43961b097\" style=\"\" rel=\"noopener\">December<\/a>, with shares soaring 35% on the first day of trading. The company owns over 23 businesses and nine mining facilities in the US, Canada, CIS, and the UAE, with a USD 2 bn crypto mining farm in the UAE, one of the largest in the Middle East.<\/p>\n<p class=\"tag-border-left\">OTHER EARNINGS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based shipping company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfnav.com\/\" style=\"\" rel=\"noopener\">Gulf Navigation<\/a><\/strong><strong> (Gulfnav) saw its bottom line grow <\/strong><strong>410% y-o-y to AED 23.8 mn in 2023<\/strong>,according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1439.pdf\" style=\"\" rel=\"noopener\">preliminary earnings (pdf)<\/a>. Gulfnav\u2019s topline fell 21% y-o-y to AED 108 mn on the back of increased maintenance and dry docking of vessels in its fleet, the disclosure noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alliance Ins.\u2019 net income fell 14.4% y-o-y to AED 53.9 mn in 2023,<\/strong> according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1390.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The ins. Firm reported slightly improved revenues during the period, with AED 305.3 mn in revenues compared to AED 290.6 mn in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/takaful.ae\/en\/\" style=\"\" rel=\"noopener\">Abu Dhabi National Takaful Company<\/a><\/strong><strong> reported net income attributable to <\/strong><strong>shareholders of AED 103 mn in <\/strong><strong>2023<\/strong>,up 48.7% from the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1376.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. Ins. revenues increased 50.8% y-o-y during the period to AED 675.2 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.insurancehouse.ae\/\" style=\"\" rel=\"noopener\">Ins. House<\/a><\/strong><strong> deepened its net losses by 50% y-o-y to AED 41.6 mn in 2023,<\/strong> on theback of \u201ccut-throat competition\u201d in the motor ins. segment, leading to low premiums, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1389.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues remained relatively flat y-o-y at AED 251.6 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/fujairahcement.com\/\" style=\"\" rel=\"noopener\">Fujairah Cement Industries<\/a><\/strong><strong> widened its net losses by 26.4% y-o-y to AED 181.8 <\/strong><strong>mn in 2023<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1379.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues fell 11.3% y-o-y to AED 332.2 mn during the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/hilyholding.com\/\" style=\"\" rel=\"noopener\">Hily Holding<\/a><\/strong><strong>\u2019s net income fell 94.5% y-o-y to AED 4.2 mn in 2023, <\/strong>according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1387.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues fell 51.8% y-o-y to AED 70.5 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate financier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.amlakfinance.com\/\" style=\"\" rel=\"noopener\">Amlak Finance<\/a><\/strong><strong> recorded a bottom line of AED 259.3 mn in <\/strong><strong>2023<\/strong>, down 45.5% from the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1395.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues increased 5.5% y-o-y to AED 225.6 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.ajmanbank.ae\/\" style=\"\" rel=\"noopener\">Ajman Bank<\/a><\/strong><strong> posted a net loss of AED 390 mn in 2023, <\/strong>down from a net income of AED 162 mn in the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1427.pdf\" style=\"\" rel=\"noopener\">financial release (pdf)<\/a>. The bank attributes the loss to a \u201cone-off provision\u201d booked in 4Q 2023 to improve asset quality. Net operating income increased 31% during the period to AED 857 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ins. company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/takafulemarat.com\/\" style=\"\" rel=\"noopener\">Takaful Emarat<\/a><\/strong><strong> recorded a net loss of AED 64.8 mn in 2023 <\/strong>afterachieving a net income of AED 2.4 mn in the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1430.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company attributes the loss to \u201chigher medical claims expenses than expected,\u201d low-return investments, and debt payments. Revenues saw a 12.6% y-o-y uptick to AED 399.1 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/alaininsurance.com\/live\/\" style=\"\" rel=\"noopener\">Al Ain Ahlia Ins.<\/a><\/strong><strong>\u2019s net income fell 41.7% y-o-y to AED 34.6 mn in 2023, <\/strong>according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1431.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. Ins. revenues climbed 29.1% during the period to AED 1.43 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based brokerage and investment firm Al Ramz reported a net income of AED 39.7 mn, up 22% <\/strong><strong>y-o-y,<\/strong> according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1450.pdf\" style=\"\" rel=\"noopener\">earrings<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1450.pdf\" style=\"\" rel=\"noopener\">release (pdf)<\/a>. Total revenues rose some 15% y-o-y to AED 118.5 mn. Total assets rose 25% y-o-y to AED 1.2 bn, fueled by increased demand in the securities margin market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Naeem Holding for Investment reported a net loss of USD 81.2k,<\/strong> compared to USD 2.4 mn in net income in 2022, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1467.pdf\" style=\"\" rel=\"noopener\">preliminary financials (pdf)<\/a>. Revenues fell 54% y-o-y to USD 9.6 mn on the back of a decline in revenues from its real estate investments, due to most of the assets still being under construction, the disclosure said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.unitedfoods.ae\/\" style=\"\" rel=\"noopener\">United Foods Company<\/a><\/strong><strong>\u2019s net income rose 75% y-o-y<\/strong> to AED 30.7 mn in 2023, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1492.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. On the flip side, the firm saw its revenues fall 12% y-o-y to AED 565.3 mn on the back of global edible oil prices falling in 2023. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taqa, Fertiglobe, e&#038;, Al Ansari Financial Services, Agthia and others report their 2023 earnings<\/p>\n","protected":false},"author":1,"featured_media":89084,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[875,44,880,879,214,1461,237,7,207,876,881,877,878,882,217,152],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-abu-dhabi-national-takaful-company","tag-ajman-bank","tag-al-ain-ahlia-ins-company","tag-alliance-ins","tag-amlak-finance","tag-e7","tag-earnings-watch","tag-enterpriseam-uae","tag-fertiglobe","tag-fujairah-cement-industries","tag-gulf-navigation","tag-hilly-holding","tag-ins-house","tag-naeem-holding-for-investments","tag-shuaa-capital","tag-taqa","wpautop","entry"],"acf":{"mongo_id":"b3a43530-70c0-404c-8fa2-227e0c99abad","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1826.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Earnings watch: Taqa, Fertiglobe, Agthia, e&, E7, Al Ansari Financial Services, Shuaa Capital,","related_issue":[89070],"teaser":"Taqa, Fertiglobe, e&, Al Ansari Financial Services, Agthia and others report their 2023 earnings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.61bf79ad-a7d5-42bb-9ff9-c4b6ea73ee65.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>So many earnings - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"So many earnings\" \/>\n<meta property=\"og:description\" content=\"Taqa, Fertiglobe, e&amp;, Al Ansari Financial Services, Agthia and others report their 2023 earnings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-15T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"So many earnings\",\"datePublished\":\"2024-02-15T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\"},\"wordCount\":1661,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Dhabi National Takaful Company\",\"Ajman Bank\",\"Al Ain Ahlia Ins. 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