Chalco’s net profit hits 14-year high after surge in metals prices
By Min Zhang and Twinnie Siu BEIJING/HONG KONG – Aluminum Corp of China Ltd, known as Chalco, said on Tuesday its net income surged 564.6% …
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Wall Street cuts McDonald’s profit estimates on Russia costs
By Hilary Russ NEW YORK – Wall Street analysts have slashed their forecasts for McDonald’s Corp’s 2022 and 2023 profit, the latest sign that some …
Brazil stock exchange operator B3’s profit rises 6% in Q4
By Peter Frontini SAO PAULO – Brazilian stock exchange operator B3 reported on Thursday its recurring net profit for the fourth quarter grew by 6.0%, …
Lennar forecasts strong Q2 profit on soaring demand for homes
– U.S. homebuilder Lennar Corp on Thursday forecast current-quarter profit above Street estimates, as strong demand for costlier homes continue to buoy its performance amid …
Malaysia’s AirAsia X completes debt restructure, to write back nearly $8 billion to profit
– Malaysia’s Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits …
Volkswagen returns to profit in North and South America
BERLIN – The Volkswagen Group achieved a 16% market share in China in 2021 and the VW brand returned to profit in North and South …
Atlantia sees 27% rise in profit to 2024 as it opens new chapter
By Francesca Landini and Valentina Za MILAN – Italy’s Atlantia expects its core profit to rise by 27% by 2024, it said on Friday, as …
Deutsche Bank raises profit target for 2025
FRANKFURT – Deutsche Bank is aiming for higher annual revenue and a lower cost-to-income ratio by 2025, Germany’s largest lender said on Thursday as it …
Brazil’s Embraer reports Q4 net profit of $2.1 million
By Gabriel Araujo and Peter Frontini SAO PAULO – Brazilian planemaker Embraer SA on Wednesday reported net profit of 11.1 million reais ($2.1 million) in …
Prudential flags Ukraine conflict risks after 2021 profit rise
By Selena Li and Carolyn Cohn HONG KONG/LONDON -Prudential PLC notched up a 16% rise in 2021 operating profit after it strengthened its focus on …
Africa’s MTN resumes dividend after bumper annual profit
By Nqobile Dludla JOHANNESBURG – Africa’s largest mobile operator by subscribers, MTN Group, resumed annual dividends on Wednesday, declaring a higher payout than previous guidance …
Chile’s Cencosud reports Q4 net profit of $249 million
– Chilean retailer Cencosud on Thursday posted a fourth quarter net profit of $249 million, boosted by improved revenues in the countries it operates, which …
Bank of Ireland posts highest profit in more than a decade
DUBLIN – Bank of Ireland on Monday posted its biggest annual profit since the global financial crisis more than a decade ago and said it …
Rightmove forecasts strong housing market after 2021 profit surge
– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven …
Australia’s Lynas posts record profit on rare earths demand
– Australia’s Lynas Rare Earths Ltd posted a record first-half profit on Friday, helped by a surge in demand for the minerals used in electric …
MP Materials reports higher profit as rare earth prices surge
– U.S. rare earth miner MP Materials Corp on Thursday posted a higher fourth-quarter profit, helped by rising prices for the minerals used to make …
EOG Resources posts higher profit as crude prices scale multi-year highs
– U.S. shale oil firm EOG Resources Inc on Thursday reported a jump in fourth-quarter profit as crude prices soared to multi-year highs following a …
Occidental Petroleum posts profit on soaring crude prices
– U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven …
Brazilian brewer Ambev’s profit slumps in sector-wide decline
SAO PAULO – Brazilian brewer Ambev SA’s fourth-quarter net income fell 45.6% from a year earlier to 3.75 billion reais ($748.55 million), it said on …
Britain’s Lloyds profit recovery marred by fraud costs
By Iain Withers and Lawrence White LONDON -Britain’s largest high street bank Lloyds posted a jump in annual profits on Thursday but was dented by …
France’s Bouygues sees 2022 growth after return to pre-pandemic profit
– Bouygues should grow its sales and core profit further in 2022, the French conglomerate said on Thursday, as it posted annual earnings that surpassed …
France’s Axa doubles 2021 profit, raises financial goals
PARIS -Axa reported a profit on Thursday that more than doubled from last year, with the French insurer recovering from pandemic-related claims during the peak …
Deutsche Telekom core profit, revenue beat estimates
STOCKHOLM/BERLIN – Deutsche Telekom reported quarterly core profit and revenue above market estimates on Thursday, boosted by its U.S. unit, T-Mobile along with growth in …
Hong Kong bourse operator’s annual net profit rises 9%
HONG KONG – The Hong Kong stock exchange operator’s 2021 net profit rose 9% but missed expectations, as China’s regulatory crackdowns resulted in fewer listings …
Brazil’s GPA posts 107.7% increase in 4th-quarter net profit
– Brazilian food retailer GPA reported on Wednesday a net income of 777 million reais ($155.10 million) in the fourth quarter of 2021, a 107.7% …
Chesapeake Energy reports higher profit on soaring crude prices
– Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, …
Broker Peel Hunt flags profit miss on delay in investment banking deals
– British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit …
Spain’s Rovi raises guidance after 2021 profit jumped 151%
MADRID – Spanish pharmaceutical group Rovi raised its 2022 revenue guidance as it posted a 151% jump in annual net profit on Wednesday, citing strong …
Telefônica Brasil posts 103.2% growth in Q4 net profit
– Telefonica Brasil on Tuesday reported its quarterly net profit rose 103.2%, helped by a tax credit recognition of 1.4 billion reais. The telecoms operator’s …
Canadian banks set for 1st-qtr profit growth, but costs, margins could deal blow
By Nichola Saminather TORONTO – Canadian banks are set to report higher first-quarter earnings from a year ago, thanks to low provisions for credit losses …
Brazil wholesaler Assai posts 76% increase in Q4 net profit
– Brazilian wholesaler Assai posted on Monday fourth-quarter net income of 527 million reais ($103.26 million), beating estimates as store openings accelerated.Net income rose 76% …
S.Africa’s Discovery forecasts jump in half-yearly profit
– South African insurer Discovery forecast on Friday a higher half-yearly profit, supported by new clients at its health insurance business and adequate provisions to …
Sime Darby Plantation posts Q4 profit, says output to pick up
KUALA LUMPUR – Malaysia’s Sime Darby Plantation Berhad reported a higher fourth-quarter net profit on Friday, fuelled by rising prices of palm oil, and said …
Africa’s MTN flags annual profit rise of up to 35%
JOHANNESBURG – Africa’s largest mobile operator by subscriber numbers, MTN said on Friday its profits for the year to Dec. 31 would probably rise by …
Israel’s Tower Semiconductor profit jumps amid pending sale to Intel
JERUSALEM – Tower Semiconductor on Thursday reported a higher than expected rise in quarterly profit, days after Intel Corp said it planned to buy the …
AIG profit beats estimates on general insurance strength
– U.S. insurer American International Group Inc topped fourth-quarter profit expectations on Wednesday as it benefited from strong underwriting and lower catastrophe losses at its …
Italy’s Saipem to rethink green drive after profit warning, sources say
By Stephen Jewkes MILAN – Italy’s Saipem is set to take a more cautious approach to new green business after delays to a wind farm …
Brazil’s Itausa Q4 recurring profit jumps 53%
By Peter Frontini SAO PAULO – Brazilian holding company Itausa SA on Monday posted a 53% jump in its fourth-quarter recurring profit, mainly helped by …
Banco do Brasil sees 2022 profit up 24%
By Carolina Mandl SAO PAULO – Brazilian state-controlled lender Banco do Brasil SA said in a filing on Monday that its 2022 net income is …
France’s Credit Agricole beats profit target a year early
LONDON -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted …
CME profit tops views as investors ready for rate hikes, shares hit record high
By John McCrank NEW YORK – CME Group Inc on Wednesday reported a fourth-quarter profit that topped Wall Street expectations, helped by increased usage of …
Lyft’s weak rider numbers, Omicron hit outweigh first full-year profit
By Tina Bellon and Nivedita Balu -Lyft Inc’s first full-year adjusted profit and a spike in pricey airport trips were overshadowed by a drop in …
BP Oil Rakes In Biggest Profit Since 2013
Big Oil corporation BP reported its highest quarterly earnings in eight years in 2021, buoyed by diminished supply and increasing prices worldwide. BP earned a …
Aurubis confirms 85% quarterly profit rise, raised earnings forecast
HAMBURG -Aurubis AG, Europe’s largest copper producer, on Monday confirmed an 85% rise in quarterly profits and reiterated increased full-year earnings estimates as high metal …
James Hardie sets higher profit view as U.S. housing market boom continues
– James Hardie, the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided …
Gatwick-owner Vinci sees 2022 profit surpassing pre-pandemic levels
-France’s Vinci expects net income this year to exceed its pre-pandemic level in 2019, helped by a recovery in its airports arm that should bring …
Hershey forecasts annual profit above estimates on prices increases
– Hershey Co forecast full-year profit above Wall Street estimates on Thursday, driven by higher prices for its chocolates and candies to counter inflationary pressures …
Swisscom names Aeschlimann CEO, one-offs swell 2021 net profit
ZURICH – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine …
Builder Skanska’s profit beats forecasts
STOCKHOLM – Sweden’s Skanska reported on Thursday a quarterly profit above market expectations, and said market activity in construction had picked up gradually during the …
Insurer MetLife’s quarterly profit beats on higher investment gains
– MetLife Inc’s fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related …