[the_ad id="1125697"]
Governor Phil Murphy Sees Huge Profit Margin in High Energy Prices for State Finances
TRENTON, NJ – New Jersey’s government bank accounts are about to see a huge increase in tax revenue collected from anyone who pays an electric bill, thanks to a 20% price hike…
Australia’s Treasury Wine posts higher profit on U.S. sales, price hikes
(Reuters) – Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on…
SGX posts record revenue, profit inches up on derivatives boost
(Reuters) -Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator’s push towards its derivatives product offerings amid a weak securities…
Hong Kong exchange sees further headwinds after first-half profit drop
By Selena Li HONG KONG (Reuters) -The operator of the Hong Kong Stock Exchange (HKEX) flagged continued pressures from global political tensions and other negative factors as it posted a 27% fall…
Poland’s PKO BP Q2 net profit expected at 335 million zlotys – Reuters poll
GDANSK – Poland’s biggest bank, PKO BP, is expected to report a 73% year-on-year drop in second-quarter net profit, following provisions for loans in Swiss francs and an institutional protection scheme (IPS)…
James Hardie lowers annual profit forecast on inflation hit
By Riya Sharma (Reuters) -James Hardie cut its annual profit forecast on Tuesday, marking a dramatic shift in stance from the world’s top fibre cement maker as soaring operating costs and a…
Brazil’s Eletrobras reports 45% drop in Q2 net profit
(Reuters) – Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments. In the first earnings report since its privatization, Centrais…
Colombia’s Grupo Argos posts 8% rise in Q2 net profit
(Reuters) -Colombian industrial conglomerate Grupo Argos’ second-quarter net profit rose 8% from the same period a year before, the company said on Friday, boosted by revenue increases at its cement and energy…
Brazil’s JBS Q2 profit falls almost 10%, but tops estimates
SAO PAULO – JBS SA , the world’s largest meatpacker, posted an almost 10% drop in net profits, to $766 million, driven by the relative weakness of its U.S. beef and pork…
ABN Amro’s quarterly profit beats estimates despite rising costs
AMSTERDAM -Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset…
Brazilian broker XP’s profit gains from higher assets under custody
(Reuters) – XP Inc posted a marginal jump in second-quarter adjusted profit as the Brazilian broker gained from a surge in assets under custody that offset a slowdown in inflows due to…
China’s Ant Group net profit fell 17.3% in March quarter – Alibaba filing
SHANGHAI – China’s Ant Group on Wednesday logged net profit of 11.38 billion yuan ($1.68 billion) in the quarter to March, down 17.3% from a year earlier, according to Reuters calculations from…
CK Hutchison H1 profit rises 4.3%, aims for solid H2 performance
HONG KONG – CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing, said on Thursday its net profit in the first six months rose 4.3%, helped by high energy prices, steady…
Adidas posts 28% decline in Q2 operating profit despite sales increase
BERLIN – Adidas on Thursday said operating profit fell by 28% in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in Russia, higher supply chain…
Telecom Italia lifts profit outlook helped by cost cutting
MILAN – Telecom Italia (TIM) on Wednesday improved its core profit target for the year, helped by cost cutting and the contribution from the company’s Brazilian subsidiary in the second quarter. TIM…
Toyota likely to post lower Q1 profit as production woes cast shadow
By Satoshi Sugiyama TOKYO – Toyota Motor Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and supply-chain woes forced the world’s top automaker…
KKR profit falls 9% on lower deal fees
By Chibuike Oguh NEW YORK – KKR & Co Inc said on Tuesday its second-quarter after-tax distributable earnings fell 9% year-on-year, as a slowdown in dealmaking amid the market downturn resulted in…
Austria’s RBI sees big profit gains in Russia and Belarus
By Alexandra Schwarz-Goerlich and Tom Sims VIENNA – The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first half, figures…
Brazil’s Raia Drogasil posts 48% increase in Q2 adjusted net profit
(Reuters) – Brazilian pharmacy chain Raia Drogasil SA posted on Friday a 48% increase on its second-quarter adjusted net profit. The company’s profit rose to 343.746 million reais ($66.46 million)in the quarter.…
Exxon posts record-breaking second-quarter profit
By Sabrina Valle HOUSTON – Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.…
Bentley first-half profit more than doubles, boosted by customised cars
By Nick Carey LONDON – Luxury British carmaker Bentley’s first-half operating profit more than doubled, boosted by increased customisation of cars as sales rose significantly in Europe and Britain despite ongoing global…
Japan’s Mizuho Financial reports 36% drop in Q1 net profit
TOKYO – Mizuho Financial Group Inc, Japan’s third-largest lender by assets, reported on Friday a 36% drop in first-quarter net profit from a year ago when earnings were boosted by tax-related gains.…
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 a boost…
Singapore lender UOB posts 11% rise in Q2 net profit
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 rates. “This…
Mexico’s Cemex posts earnings drop, cuts operating profit forecast
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 profit forecast,…
Securitas profit up on airport, electronic security demand
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. The world’s…
Breaking News
