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Moreover, in first six months of the year as restructuring costs, fuel prices and slower business in Asia and the Middle East sapped earnings, company indicated a net loss of 204 million euros ($270.
Dubai As the dust settles on the year's first flurry of corporate earnings, company executives and investors are breathing a little easier with balance sheets across the GCC largely showing a return to growth, according to a report from the Kuwait Financial Centre, also known as Markaz.
plans to cut this year's winter bonuses for about 8,700 management-level employees by an average 20 percent from last year as the company suffers from poor earnings, company officials said Thursday.
an Internet Protocol phone service provider that Rakuten acquired last year, made great contributions to Rakuten's consolidated earnings, company officials said.
Booking of over 8 billion yen in extraordinary losses, including extra retirement payments to implement an early retirement program, also weighed heavily on the company's earnings, company officials said.