Saudi Arabia's index (SASEIDX) companies reported a cumulative sequential bottomline growth
of 25 per cent during the third-quarter (year on year growth: 14 per cent), led by growth in the materials sector (+44 per cent quarter on quarter, +15 per cent year on year), while banking sector witnessed muted sequential growth (+0.
Together with the continued build-up of our leasing assets, this has led to a strong top and bottomline growth
for the company.
We continue to expect top-line growth above category rates, strong bottomline growth
and a free cash flow increase of up to 10% in fiscal 2017, driven by the continuous launch of innovation and further leveraging of our global platform to expand distribution of our products, " Rouve said.
Contrary to the past trend where revenues remained the prime bottomline growth
driver, this time around 6%YoY increase in the sector's gross profitability despite marginal drop in revenues on account of flat dispatches.
Hoganson, Chief Financial Officer of ARC Hospitality, added, "The Equity Inns portfolio has a majority of properties located in the top 100 MSAs and premier locations in their respective markets, and we believe it exhibits strong top- and bottomline growth
Growth in domestic sales and cost reduction initiatives by the company contributed significantly to bottomline growth
during the quarter," said the company in a statement.
Coughlin is the CEO of BottomLine Growth
Axiom engineering Design, Baltimore Window Factory, BottomLine Growth
Sadly, top-line growth doesn't always translate into a corresponding bottomline growth
," said Chris Hart, vice president of personnel and community relations at Central Moloney.
The agency expects a 37 per cent fall in provisions, which will be an important contributor to bottomline growth
The bank chief said in earlier remarks during the conference that bottomline growth
will be lower than expected in the absence of strong economic growth.
But bottomline growth
was slower than operating income as URC booked higher net finance cost, marked-to-market foreign exchange losses as well as equity share in net losses of joint ventures it started, namely: Calbee-URC, Inc.