The year 2009 brought profits for the Mubadala Development Company as the company doubled total revenues to AED13.1 billion, higher from AED 6.66 billion in 2008. The total comprehensive income of the company touched AED 8.6 billion.
American Eagle Outfitters, a retailer that specializes in clothes for teenagers, has a reason to smile as it performed very well during the quarter, posting a rise in the net profit despite a challenging period of financial crisis.
Gymboree Corp., a well-known children's apparel maker, has announced the financial results for the fourth quarter reporting 13 per cent rise in its net profit due to increased sales and margins. Its strong performance for the quarter indicates the strong economic fundamentals and the degree of trust enjoyed by the company among the customers.
DU, one of the leading telecom firms in UAE, has reported impressive performance for the year 2009 with hopes of continuing with growth stories during the year 2010 as well.
Abu Dhabi Ship Building (ADSB) has announced its financial results for the year ended 31st December 2009 reporting a net profit of AED 114.39 million. Company's total assets rose 29 per cent to stands at AED 2.2 billion.
Daimler AG, the German car and truck maker, recorded a lower-than-predicted loss, thereby losing Euro 352 million in the fourth quarter consequently decreasing the share value around 8% to Euro 30.53 in Frankfurt morning trading. The fourth quarter loss for 2008 was Euro 1.53 billion resulting from the Daimler's merging partner Chrysler LLC's due charges as announced on Thursday by the former.
The world's largest maker of paint, Akzo Nobel NV, reported a smaller net loss as the demand began to recover in the key markets due to a big write-off last year.
Net loss reported amounted to Euro 60 million versus a loss of Euro 1.51 billion the previous year. Sales fell 7% to Euro 3.31 billion.