Latest news with #079
Gulf Today
22-05-2025
- Business
- Gulf Today
Bayt Al Khair spent Dhs10,504,184 on humanitarian initiatives last month
Bayt Al Khair revealed that its total expenditure for April 2025 amounted to Dhs10,504,184, bringing the cumulative spending for the first four months of 2025 to Dhs85,954,842. Humanitarian support programmes topped the list, with expenditures totaling Dhs39,698,079 during the same period. These programmes aim to alleviate the hardships faced by individuals struggling with their livelihoods, addressing deficiencies beyond their financial capabilities. This expenditure is in addition to the monthly cash assistance projects targeting low-income Emirati families, which amounted to Dhs5,569,620 during the same period. The emergency assistance project falls under the "Fazaa" community solidarity programme, dedicated to relieving the burdens of modest families and those facing sudden crises or disabilities, enabling them to overcome their challenges and resume their normal lives. Through this initiative, "Bayt Al Khair" also provides humanitarian support to patients, both citizens and residents, via the "Treatment" project, which spent Dhs13,192,508 by the end of April. Additionally, the programme assists individuals burdened by debts they cannot repay through "Al Gharimin" project, which has expended Dhs3,118,087 so far.
Hans India
02-05-2025
- Business
- Hans India
Adani Ports logs record Rs 11,061-cr PAT in FY25
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday reported an all-time high profit after tax (PAT) at Rs11,061 crore in FY25, up 37 per cent year-on-year. On a quarterly basis, the flagship company of the Adani Group posted an impressive 50 per cent PAT growth at Rs3,023 crore in Q4, up from Rs2,015 crore in the same period in FY24. Operating revenue grew by 16 per cent YoY to Rs31,079 crore in FY25, while domestic ports revenue increased 12 per cent to Rs22,740 crore (year-on-year). EBITDA was up 20 per cent at Rs19,025 crore (on-year). 'Our record-breaking performance in FY25, crossing Rs11,000 crore in PAT and handling 450 MMT cargo, is a testament to the power of integrated thinking and flawless execution,' APSEZ Whole-time Director and CEO, Ashwani Gupta, said. 'We have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth,' he added. Mundra became the first port in India to cross 200MMT in a single year. Gupta further added that from Mundra Port crossing 200 MMT, to Vizhinjam Port rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshore — every milestone reflects our long-term vision to become the world's largest ports and logistics platform. For FY25, the APSEZ Board has recommended a dividend of Rs7 per share – a payout of Rs1,500 crore.
