TNI posts 92% profit loss

In a reflection of the unfortunate financial climate still plaguing many investment firms, Abu Dhabi company The National Investor has seen a 92% decrease in profits this year over last year.  The company suggests the recent turmoil in many Middle Eastern and North African countries, along with the still-recovering global financial crisis, are to blame.  Net profits dropped from AED30.8 million to AED2.2 million in a single year.

The chairman of TNI, Abdullah M Mazrui, noted that “our financial performance was adversely affected due to the regional footprint of our business,” but seemed to remain optimistic about the company’s prospects.  The company must also contend with decreasing consolidated revenue, which fell 13%.

 



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In a reflection of the unfortunate financial climate still plaguing many investment firms, Abu Dhabi company The National Investor has seen a 92% decrease in profits this year over last year.  The company suggests the recent turmoil in many Middle Eastern and North African countries, along with the still-recovering global financial crisis, are to blame.  Net profits dropped from AED30.8 million to AED2.2 million in a single year. The chairman of TNI, Abdullah M Mazrui, noted that “our financial performance was adversely affected due to the regional footprint of our business,” but seemed to remain optimistic about the company’s prospects. ...

In a reflection of the unfortunate financial climate still plaguing many investment firms, Abu Dhabi company The National Investor has seen a 92% decrease in profits this year over last year.  The company suggests the recent turmoil in many Middle Eastern and North African countries, along with the still-recovering global financial crisis, are to blame.  Net profits dropped from AED30.8 million to AED2.2 million in a single year.

The chairman of TNI, Abdullah M Mazrui, noted that “our financial performance was adversely affected due to the regional footprint of our business,” but seemed to remain optimistic about the company’s prospects.  The company must also contend with decreasing consolidated revenue, which fell 13%.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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