Exclusive-Mexico’s Pemex expects rare annual profit – CEO
By Ana Isabel Martinez MEXICO CITY – Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and…
By Ana Isabel Martinez MEXICO CITY – Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and…
SINGAPORE – Singapore’s smallest listed lender, United Overseas Bank (UOB), reported a rise of 11% in second-quarter profit, supported by a strong improvement in net interest income amid increasing interest…
By Kannaki Deka and Isabel Woodford (Reuters) – Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating…
STOCKHOLM – Securitas on Thursday reported a slightly bigger than expected rise in second quarter profit helped by demand for electronic security and further recovery in airport security in Europe.…
(Reuters) – Lazard Ltd on Thursday reported a 34% drop in second-quarter profit as dealmaking globally stood at a fraction of last year’s record levels. The bank also said it…
DUBAI – Abu Dhabi’s Etihad Airways swung to a core operating profit of $296 million in the first half of 2022 from a loss of $390 million a year earlier.…
(Reuters) -Singapore Airlines (SIA) swung to a first-quarter net profit of S$370 million ($268 million), it said on Thursday, after a fourteenfold increase in passenger traffic year on year thanks…
MILAN – Net income at Italy’s Poste Italiane rose 44% in the second quarter to 469 million euros, mainly thanks to strong growth in the payment and mobile division and…
FRANKFURT – HeidelbergCement, the world’s No.2 cement maker, on Thursday posted a 4.3% drop in second-quarter core profit, citing challenges ahead because of an unprecedented increase in energy prices. The…
(Reuters) – Brazilian cash-and-carry chain Assai reported a 20.7% increase in second-quarter net profit, compared to the same period last year, to reach 319 million reais ($60.83 million), the company…
By Sergio Goncalves LISBON – Portugal’s largest listed bank, Millennium bcp, reported on Wednesday a five-fold rise in first-half net profit, boosted by solid core income and strict cost cutting,…
(Reuters) – French car parts maker Valeo on Tuesday posted slightly better-than-expected half-year core profit and reiterated its full-year guidance, citing a projected increase in global car output. Valeo’s half-year…
By Ludwig Burger FRANKFURT -Adidas on Tuesday cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions. In an unscheduled statement, the sporting goods maker said…
By Aishwarya Nair (Reuters) – U.S. manufacturers are likely to see a hit to their quarterly profit in the second half of the year as higher prices for everything from…
STOCKHOLM – Swedish utility Vattenfall reported a 54% rise in second-quarter operating earnings on Friday as higher electricity prices across the Nordic region, Germany and the Netherlands boosted sales. Underlying…
By Kylie Madry and Noe Torres MEXICO CITY – Mexican breadmaker Grupo Bimbo on Thursday reported its second-quarter net profit doubled and the company raised its sales and operating earnings…
(Reuters) -Frasers Group, Mike Ashley’s sportswear and fashion group, said on Thursday it expected higher profit next year after 2022 earnings came in at the upper end of its guidance.…
By Olivier Sorgho and Charlotte Lavin (Reuters) – Channel Tunnel operator Getlink said on Thursday its half-year core profit more than tripled from a year earlier, beating analyst expectations on…
ZURICH – GAM Holding expects to post a loss for the first half of 2022, the Swiss asset manager said on Monday, citing a volatile market environment which has led…
TOKYO – Japan’s Fast Retailing, the owner of clothing brand Uniqlo, posted record quarterly profit on Thursday, as the weaker yen and strong sales in the United States made up…
(Reuters) – Danske Bank on Sunday reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. Danske revised net profit to 10 billion…
By Michael Erman (Reuters) – Drugmaker AbbVie Inc generates most of its sales in the United States, while shifting most of its profits overseas in order to avoid U.S. taxes,…
By Praveen Menon HUNTER VALLEY, Australia – At Glencore’s aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out fields,…
(Reuters) – European equities could see a drop between 6.4% and 8.5% in earnings per share this year compared to consensus estimates of a rise of more than 11%, HSBC…
JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said…