Earnings of GCC companies fell to five-year low of $91.3bln in 2020

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Zawya Emirati Arabi Uniti 14.04. 05:54

Earnings of GCC companies fell to five-year low of $91.3bln in 2020

Earnings reported by GCC-listed companies fell to a five-year low of $91.3 billion in 2020 compared to $150.5 billion during 2019, KAMCO Invest said in a new report. The 39.3 percent or $59.2 billion drop came on the back of decline in profits for Aramco (by $38.9 billion or 44.1 percent y-o-y) fol»»»

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