Business World

Monday 26 June 2017

Etihad posts record increase in profits

AVIATION

ABU Dhabi-based airline Etihad has said it is on course to move into sustained profitability next year after posting a 28pc increase in revenues to $1.72bn (€1.22bn) during the first half of the year -- a record for the carrier. CEO James Hogan said passenger numbers rose 14pc to 3.8 million in the first half.

RE Think's revenue up 27pc on 2010

RECRUITMENT

RE Think, the UK recruitment firm that has agreed to buy Irish firm Berkley for nearly €7m, said revenues in the six months ended June 30 were expected to be about 27pc ahead of the same period in 2010.

Origins wraps up Carr's Milling deal



ACQUISITION

AGRIBUSINESS firm Origin Enterprises has completed the acquisition of the UK fertiliser business Carr's Milling in a deal worth about £25m (€28.4m). The transaction was approved by the shareholders of Carr's Milling yesterday.

Demand for oil will keep rising, says IEA



COMMODITIES

GLOBAL oil demand will increase further next year, the International Energy Agency has predicted. The IEA said demand would grow by an average of 1.47 million barrels a day in 2012, up from the current 2011 average daily growth of 1.2 million.

Blueface signs €2m deal with Onwave



TELECOMS

INTERNET telephony provider Blueface has signed a contract with Onwave to provide a managed voice service to its residential and SME customers. The deal is valued at €2m.

Supergroup profits more than double



RETAIL

SUPERGROUP'S full-year profits more than doubled as the fast-growing British fashion retailer eyed further expansion. Pre-tax profits rose to £47.3m (€53.8m) in the year to May 1, up from £22.5m the previous year.

Indo Business

Promoted articles

Also in Business