Profits of companies listed on the S&P 500 are expected to fall nearly 3% this quarter. This represents a significant slowdown from the rapid growth in corporate profits last year. A report published this week by Oxford Economics calls these profit problems a “bad omen” for the economy. There are growing concerns that the financial […]
Month: August 2019
Finlay Annual Profits Jump On Eight-Digit Gain From Asset Sale | New
Coffee and tea supplier Finlays posted double-digit profits last year on the sale of some non-core assets. Accounts filed with Companies House for Finlays parent company James Finlay Ltd showed revenue up 7.8% to $ 545.1 million in 2018. Operating profits jumped 45% to $ 40.3 million as the company enjoyed a gain of $ […]
Indian business profits among the lowest among major economies
India’s ratio of corporate profits to gross domestic product (GDP) is one of the lowest among major emerging and developed economies. The combined net profit of BSE500 companies at $ 63 billion is equivalent to 2.31 percent of the country’s GDP compared to 6.1 percent in the United States, 4.24 percent in Brazil, 3.63 percent […]