{"id":9477,"date":"2024-05-27T14:38:39","date_gmt":"2024-05-27T14:38:39","guid":{"rendered":"https:\/\/thegulfpress.com\/q1-net-profits-of-gcc-firms-slide-led-by-energy-and-telecom\/"},"modified":"2024-05-27T14:38:39","modified_gmt":"2024-05-27T14:38:39","slug":"q1-net-profits-of-gcc-firms-slide-led-by-energy-and-telecom","status":"publish","type":"post","link":"https:\/\/thegulfpress.com\/en\/q1-net-profits-of-gcc-firms-slide-led-by-energy-and-telecom\/","title":{"rendered":"Q1 net profits of \u2018GCC firms slide led by Energy and Telecom\u2019"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"atext\">\n<p>\n\tAggregate net profits reported companies listed on GCC exchanges dropped to the second lowest level in nine quarters during Q1-2024 at $56.4 billion as compared to $61.8 billion in Q1-2023, according to Kamco Invest.\u00a0<\/p>\n<p>\n\t\u00a0<\/p>\n<p>\n\tThe decline was mainly led by a y-o-y decline in profits for the Energy, Telecom and Capital Goods sectors partially offset by higher profits reported by mainly by Banks, F&amp;B and Real Estate companies.\u00a0<\/p>\n<p>\n\t\u00a0<\/p>\n<p>\n\tThe sequential performance was positive with&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.tradearabia.com\/news\/CONS_422401.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aggregate net profits reported companies listed on GCC exchanges dropped to the second lowest level in nine quarters during Q1-2024 at $56.4 billion as compared to $61.8 billion in Q1-2023,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1837],"tags":[261,258,259,257,264,263,262,256,260,255],"class_list":["post-9477","post","type-post","status-publish","format-standard","hentry","category-real-estate-en","category-real-estate-ar","tag-business-directory","tag-gcc-business-news","tag-industry-news","tag-middle-east-trade-news","tag-premium-content","tag-project-news","tag-tenders","tag-trade-arabia","tag-trade-news","tag-tradearabia"],"_links":{"self":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/9477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/comments?post=9477"}],"version-history":[{"count":0,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/9477\/revisions"}],"wp:attachment":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/media?parent=9477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/categories?post=9477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/tags?post=9477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}