FAB reports full year 2022 Group Net Profit of AED13.4 billion, up 7% yoy
- Date: 26-Jan-2023
- Source: Emirates News…
- Sector:Financial Services
- Country:UAE
- Who else needs to know?
FAB reports full year 2022 Group Net Profit of AED13.4 billion, up 7% yoy
ABU DHABI, 26th January, 2023 (WAM) -- First Abu Dhabi Bank (FAB) has reported a Group Net Profit of AED13.4 billion during 2022, up 7% year-on-year (yoy) compared to the same period in 2021, with earnings per share at AED1.18.
H.H. Sheikh Tahnoun bin Zayed Al Nahyan, National Security Adviser and Chairman of FAB, said, "2022 was a year of continued strategic diversification and expansion for the UAE and regional economies, which posted their fastest economic growth in a decade. By capitalising on favourable macroeconomic conditions, FAB has been laying the foundations for the future.
“The bank has also been at the forefront of the UAE's progress in driving sustainable growth amid a turbulent global backdrop, supported by structural reforms, high oil prices and recovery across non-oil economic sectors.”
Sheikh Tahnoun noted that the achievements emphasise FAB's continuing role as an engine for the region's economic prosperity, acting as an enabler to unlock new opportunities for clients and stakeholders across the bank's franchise.
He continued, "We have made solid progress against this vision over the year. In achieving the Group's highest annual revenue and net profit to date, FAB has strengthened its strategic position to build a future-proof bank and advance the interests of
Wow I make my first dashboard using excel I work on sales reports
Profit by customer gender
Profit by customer age group
Cost of revenue and profit by product category @DaveyHert @JA_Olaoye @starboy_abefe @TheOyinbooke @thenaijacarguy @10Alytics @ratafar13 @Rita_tyna
Wow I make my first dashboard using excel I work on sales reports
Profit by customer gender
Profit by customer age group
Cost of revenue and profit by product category
Total profit by top 10 sales
And I use slicer to view all the reports
Lottomatica SPA reports on a transformative 2022💫, as the Apollo Global-owned Italian gambling group eyes a first-half listing on the Milan Borsa🇮🇹💹. #retail #italy #gambling
Read More⬇️
https://sbcnews.co.uk/retail/2023/03/17/lottomatica-returns-to-profit-ahead-of-milan-ipo/
Specialist lender @OSBGroupUK has announced a 13% increase in pre-tax profit, hitting a record £591.1 million in 2022. https://www.mpamag.com/uk/news/general/osb-group-reports-record-pre-tax-profit/439979
French cheese maker @belcorporate has reported year-on-year organic sales growth of 13.2% in its financial year 2022 to €3.6 billion. #cheese #dairy #sales #profit https://www.esmmagazine.com/retail/bel-group-reports-organic-sales-growth-of-13-2-in-fy-2022-235577?preview=true
Prada Reports Highest-Ever Annual Sales
#DMTBarbetShop
Prada’s annual revenues rose 21 percent to €4.2 billion ($4.4 billion) in 2022, the highest level ever, the Milanese fashion group said Thursday. Operating profit jumped 59 percent to €776 mill… https://dmtbeautyspot.net/post/712254224100147201/prada-reports-highest-ever-annual-sales
NCC GROUP PLC Reports Increased Profit in H1 2023 Despite 14% Drop in Share Price. https://stock.goodwhale.com/software-application/ncc-group-plc-reports-increased-profit-in-h1-2023-despite-14-drop-in-share-price/
Post Edited: Lufthansa Group reports return to profit and doubling of revenue in 2022 https://www.aviationnews-online.com/airline/lufthansa-group-reports-return-to-profit-and-doubling-of-revenue-in-2022/
Enel SpA reports net income of €5.39 billion for 2022, slightly exceeding expectations. Despite a 3.6% YoY decline, the Italian utility group remains in a strong position. #Enel #utility #earnings https://u.eblz.co/fqxPpwHRq
OSB Group has seen its underlying profit before tax grow by 13%, reaching a record £591.1m in the year ended 31st December 2022. https://btlinsider.co.uk/article/19019/osb-group-reports-record-£5911m-underlying-profit-before-tax/
OSB Group has seen its underlying profit before tax grow by 13%, reaching a record £591.1m in the year ended 31st December 2022. https://bridgingandcommercial.co.uk/article/19165/osb-group-reports-record-£5911m-underlying-profit-before-tax-in-2022/
OSB Group reports record profit before tax https://st.s3wfg.com/s/12695902
[email protected] Co-operative Group lifted first-half net profit 50% and raised its annual earnings guidance as it enjoyed fatter margins for high-value products. @FarroHoward reports. https://businessdesk.co.nz/article/primary-sector/fonterra-lifts-first-half-profit-50-on-fatter-margins
Today, we published our preliminary results for 2022. Find out more about the operative performance of our Group in the last year here 👉 http://bit.ly/3yFgDHX #finance #results
Business Day TV speaks to CFO Casper Troskie for an analysis of the the financial services group’s annual results https://bit.ly/3JCjzvg
$SGHC
FY22 vs FY21:
Revenue: $1,292M vs $1,320M
Profit before tax: $233.7M vs $225.9M
Depreciation and amortization: $65.7M vs $83.6M
Adjusted EBITDA: $199.2M vs $289.4M
Operational EBITDA: $208.5M vs $302.7M
https://investors.sghc.com/news/news-details/2023/Super-Group-Reports-Financial-Results-for-Fourth-Quarter-and-Full-Year-2022/default.aspx
Group profitability was negatively impacted by the business acquisition costs incurred in a Sanlam transaction and the costs associated with prolonged load shedding.
https://www.news24.com/fin24/companies/afrocentric-reports-profit-fall-amid-drop-in-pharma-sales-lower-adherence-by-chronic-patients-20230313
http://News24.com | AfroCentric reports profit fall amid drop in pharma sales, lower adherence by chronic patients: Group profitability was negatively impacted by the business acquisition costs incurred in a Sanlam transaction and the costs… http://dlvr.it/Skpn4S
South African lender Absa Group said the combined impact of the worst power cuts in living memory and soaring interest rates, with another rise expected next month, has left small and medium firms as well as consumers at risk of default. https://www.reuters.com/business/finance/safrican-lender-absa-reports-13-rise-full-year-profit-2023-03-13/
MTN reports huge profits
“MTN has released its annual results and reported a 43% increase in profit across the group from R17 billion in 2021 to R24 billion in 2022.”
Didn’t they also announce tariff increases recently?
#MTN and #Vodacom is a cartel.
https://mybroadband.co.za/news/telecoms/483607-mtn-reports-huge-profits.html?utm_source=newsletter
#SVB Financial Group, parent of #SiliconValleyBank,saw its #stockcrash over 42% due to reports of fund withdrawals, amid large losses from securities sales and a profit warning.Rising interest rates caught the bank unprepared,causing concerns of a banking crisis.#stockmarketcrash
(Kitco News) - Northam Platinum, a major South African producer of platinum group metals, announced today that for the six months ended 31 December 2022 (HY2022), the group's equivalent refined metal from own operations increased by 11.9% to 393,309 oz 4… https://www.kitco.com/news/2023-03-09/Northam-Platinum-reports-55-increase-in-HY-operating-profit-touts-solid-performance-from-all-operations.html
APS Bank reports record pre-tax profit https://timesofmalta.com/articles/view/aps-group-sees-pretax-profit-157-2022.1018314?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1678383177
BMW reports Q4 22 (EUR): EBIT 3.50bln (exp. 3.47bn). FY group net profit 18.582bln (prev. 12.463bln), revenue 142.61bln (prev. 111.239bln, exp. 139.421bln); proposes dividend of EUR 8.50/shr
South Africa's Standard Bank Group reported a 33% rise in full year profit helped by higher interest rates and credit card, payment and insurance transactions. https://www.reuters.com/business/finance/safricas-standard-bank-reports-33-rise-full-year-profit-2023-03-09/