Saudi Sipchem’s net profit rises 52% in the second quarter of 2022 | Corporate News

Sahara International Petrochemical Company (Sipchem) announced on Tuesday an increase in its net profit after zakat and tax by 52% to reach 1.263 billion riyals ($336.15 million) in the second quarter of 2022, compared to about 830 million riyals a year ago. The company attributed this increase in a statement to the Saudi Stock Exchange … Read more

Twitter Reports Surprising Drop in Revenue Amid Elon Musk Fight

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/twitter-earnings-twtr-q2-2022-11658446426

Dow Jumps 750 Points as Investors Take Hope From Earnings Reports

U.S. stock indexes recorded their biggest one-day gains in nearly a month Tuesday, as investors reacted positively to a fresh batch of company earnings reports. The S&P 500 added 105.84 points, or 2.8%, to end the day at 3936.69. The tech-focused Nasdaq Composite gained 353.10 points, or 3.1%, to 11713.15 , and the Dow Jones … Read more

Saudi GESCO agrees to distribute more than $8 million to its shareholders

The Ordinary General Assembly of the National Gypsum Company “Saudi Gypsum” approved, in its meeting on Thursday, the recommendation of the Board of Directors regarding the distribution of cash dividends to shareholders for the year 2021, amounting to 31.67 million riyals ($8.44 million), at one riyal per share, according to a statement of the Saudi … Read more

Oil giant Aramco reports record first quarter as oil prices soar

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Archyde.com Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. The Saudi Arabian behemoth said net income rose 82% to … Read more