{"id":97498,"date":"2024-11-04T00:00:00","date_gmt":"2024-11-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/still-pouring-in\/"},"modified":"2024-11-04T00:00:00","modified_gmt":"2024-11-04T00:00:00","slug":"still-pouring-in","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/","title":{"rendered":"Still pouring in\u2026"},"content":{"rendered":"<p class=\"tag-border-left\"> ALPHA DHABI- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alpha Dhabi saw its net income increase 2<\/strong><strong>36.6% y-o-y to AED 4.4 bn in <\/strong><strong>3Q 2024<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/85.pdf\" style=\"\" rel=\"noopener\">company's financials (pdf)<\/a>. Revenues also climbed 45.4% y-o-y to AED 14.9 bn. The company attributed the growth in the third quarter to contributions from strategic acquisitions and investments made since 2022 and an increase in operations according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/140.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 9M basis,<\/strong> the conglomerate\u2019s net income fell 4.9% y-o-y to AED 11.1 bn, owing to an increase in operations. Meanwhile revenues increased by 36.5% y-o-y to AED 44.2 bn.<\/p>\n<p class=\"tag-border-left\"> TECOM GROUP- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business district developer Tecom Group saw its net income rise 20% y-o-y to a record AED 3<\/strong><strong>39.6 mn in 3Q 2024 <\/strong>on the back of strong demand from new and existing customers, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/95.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Growth was supported by revenue growth and cost optimization measures, the company said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/176.pdf\" style=\"\" rel=\"noopener\">earnings<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/176.pdf\" style=\"\" rel=\"noopener\">release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/176.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The company booked AED 610.9 mn in revenues in 3Q, up 12.3% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a nine-months basis<\/strong>, Tecom\u2019s bottom line climbed 22.8% y-o-y to AED 942.7 mn in 9M 2024. The developer\u2019s revenues rose 10.4% y-o-y, reaching AED 1.8 bn thanks to customer growth, increased rental rates, and sustained occupancy levels \u2014 which reached 94% at the end of September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, Tecom will \u201c<\/strong><strong>focus on project delivery across its business districts,\u201d <\/strong>with the second phases of Innovation Hub and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de98445d-93db-4679-a8ea-e4fb0f1e69be\/sidara-gets-access-to-due-diligence-on-wood-group#:~:text=%233%2D%20Dubai%20Science%20Park%20is%20increasing%20its%20storage%20and%20logistics%20capacity%20by%20147%25%20to%20cater%20to%20the%20growing%20demand%20for%20Grade%2DA%20spaces%20in%20the%20life%2C%20energy%2C%20and%20environmental%20science%20industry%2C%20according%20to%20a%20Dubai%20Media%20Office%20statement.%20The%20200k%20square%20foot%20expansion%20will%20be%20completed%20next%20year.\" style=\"\" rel=\"noopener\">storage and logistics spaces<\/a> at Dubai Science Park scheduled to be delivered in 1Q 2025.<\/p>\n<p class=\"tag-border-left\"> EMSTEEL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Materials manufacturer <\/strong><strong>Emsteel<\/strong><strong> reported a net loss of AED 82.9 mn in 3Q 2024<\/strong>, down from a net income of AED 107.1 mn during the same period last year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/96.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues declined by 6.4% y-o-y to AED 1.9 bn in this quarter. On a 9M basis, net income fell 76.3% y-o-y to AED 91.6 mn, while revenues dropped by 9.3% y-o-y, hitting AED 5.9 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This nine-month performance was attributed to fluctuations in global steel prices, elevated competition, and changing demand patterns<\/strong> influenced by economic uncertainties in key markets, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/97.pdf\" style=\"\" rel=\"noopener\">earnings report (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alpha Dhabi, Tecom, NMDC Energy, NMDC, and Emsteel post their earnings<\/p>\n","protected":false},"author":1,"featured_media":97499,"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":[103,237,1853,7,1333,1366,1637],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-alpha-dhabi","tag-earnings-watch","tag-emsteel","tag-enterpriseam-uae","tag-nmdc","tag-nmdc-energy","tag-tecom","wpautop","entry"],"acf":{"mongo_id":"9f55d715-6bab-49fd-9a98-552c74ff9fc0","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/157.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Still pouring in\u2026","related_issue":[97484],"teaser":"Alpha Dhabi, Tecom, NMDC Energy, NMDC, and Emsteel post their earnings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.139f391c-b5d3-4c4e-8c6e-a8ce881b370d.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>Still pouring in\u2026 - 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\/11\/04\/still-pouring-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Still pouring in\u2026\" \/>\n<meta property=\"og:description\" content=\"Alpha Dhabi, Tecom, NMDC Energy, NMDC, and Emsteel post their earnings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Still pouring in\u2026\",\"datePublished\":\"2024-11-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/\"},\"wordCount\":325,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Alpha Dhabi\",\"EARNINGS WATCH\",\"Emsteel\",\"EnterpriseAM UAE\",\"NMDC\",\"NMDC Energy\",\"Tecom\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/\",\"name\":\"Still pouring in\u2026 - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Still pouring in\u2026\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Still pouring in\u2026 - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/","og_locale":"en_US","og_type":"article","og_title":"Still pouring in\u2026","og_description":"Alpha Dhabi, Tecom, NMDC Energy, NMDC, and Emsteel post their earnings","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/","og_site_name":"UAE","article_published_time":"2024-11-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Still pouring in\u2026","datePublished":"2024-11-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/"},"wordCount":325,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1","keywords":["Alpha Dhabi","EARNINGS WATCH","Emsteel","EnterpriseAM UAE","NMDC","NMDC Energy","Tecom"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/","name":"Still pouring in\u2026 - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1","datePublished":"2024-11-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/still-pouring-in\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Still pouring in\u2026"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/97498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=97498"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/97498\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/97484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/97499"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=97498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=97498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=97498"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=97498"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=97498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}