HTC U11+ Smartphone arrives in KSA

Updated 18 January 2018

HTC U11+ Smartphone arrives in KSA

It is not easy squeezing even more into a slimmer, stunning phone, but HTC has done just that as it confirms the local availability of its highly-awaited HTC U11+ Smartphone in major retailers across the Kingdom.
The HTC U11+ takes the popular HTC U11 and adds a bigger screen and loads of new features into an even thinner frame, now available at SR2,849.
Unveiled globally, the HTC U11+ is the pinnacle of HTC’s signature U series of smartphones; a premium range launched worldwide at the start of 2017 and encompassing the popular HTC U11, HTC U Ultra, and HTC U Play models.
Nikitas Glykas, president of HTC Middle East and Africa, said: “Innovation is inspired by human curiosity. Our customers want to go beyond what currently exists, and we want to deliver products that go above and beyond their expectations. This is the ethos of HTC’s U series, and the U11+ is yet another addition to this diverse range that, we believe, will serve to define the mobile experience of the future.”
In 2017, HTC made a significant move in reinforcing its branded smartphone strategy through a deal with Google in which HTC received $1.1 billion from Google as part of a non-exclusive license for HTC intellectual property.
The deal and the resulting financial flexibility is being used by HTC to focus on a more streamlined product portfolio, maintain a rich legacy of innovation, and realize the potential of a new generation of connected products and services in 2018 and beyond.
The HTC U11+ features the highly acclaimed and first-of-its-kind “edge sense” technology. With a simple squeeze of the sides, consumers can launch the camera and snap photos, call up a voice assistant, open any app, and much more. New in-app functionalities also allow users of the HTC U11+ to set up the “squeeze” function to utilize almost any feature within an app— from playing music to zooming in and out of Google Maps.
A 6” display with 18:9 aspect ratio will make the HTC U11+ users’ new favorite way to watch movies and play games — and it still fits comfortably in one hand.
An enhanced 3,930mAh battery will set the user’s mind at ease as they do more of the things they love for longer, complemented with 6GB RAM and 128GB memory.
Amazing cameras, intelligent voice assistants, the loudest ever HTC BoomSound with 30 percent more volume, HTC USonic earbuds with Active Noise Cancellation, IP68 weather-resistant liquid surface design, and the latest Android Oreo experiences with Qualcomm power are all packed in.
The HTC U11+ is now available in ceramic black, amazing silver, and an unprecedented new color, translucent black. With translucent black, HTC has once again pushed the boundaries of what is possible in design by delivering an elegant translucent glass back that provides a delightful, intimate look and feel while giving users a peak into the heart of the phone.

GFH reveals boost in first-half profits

Updated 14 August 2018

GFH reveals boost in first-half profits

GFH Financial Group has announced that net profit attributable to shareholders rose to $72.5 million in the first six months of 2018, a 16.7 percent increase from the same period a year earlier. The group also reported a consolidated net profit of $73.4 million in the first half of the year, a rise of 12.1 percent.

Net profit attributable to shareholders for the second quarter increased by 19.2 percent to $36 million. Consolidated net profit during the quarter rose to $36.5 million, an increase of 14.1 percent.

Earnings per share for first half of the year was 2.02 cents, compared with 2.51 cents in the first six months of 2017. Earnings per share for the second quarter was 1 cent, compared with 1.22 cents in the same period of 2017.

Total consolidated revenues in the first half, grew by 12.5 percent to $124.2 million, primarily from revenues generated by its investment-banking business. This included income generated from investment placements for private equity and real-estate transactions. Consolidated revenues for the second quarter stood at $63.7 million, an increase of 4.8 percent.

Profit before impairment allowance for the first half of the year was $79.1 million, an increase of 34.1 percent. Consolidated operating profit for the second quarter increased by 23.5 percent to $40.5 million. Total operating expenses for the first half fell to $45.1 million from $51.4 million. Operating expenses for the second quarter dropped to $23.2 million from $28 million a year earlier.

Equity attributable to shareholders was $1.11 billion for the first half, compared with $1.14 billion a year ago. The total assets of the group increased by 10.3 percent to $4.3 billion.

“We are pleased with the continued growth in profitably for the first half of 2018,” said GFH Chairman Jassim Alseddiqi. “Enhanced results and revenue generation for the period were supported by increased contributions from the group’s investment-banking business, where it continues to demonstrate a strong ability to identify and bring to the market unique investment opportunities.”

Hisham Alrayes, the group’s CEO, added “In line with the Group’s strategy, the ongoing growth in our investment-banking business continues to drive enhanced results and profitably. In particular, during the period, improvements in income generation came from a number of strategic deals, including our landmark investment in the UAE-based Entertainer, and a notable trophy real-estate asset in Chicago.”