Cullen / Frost Bankers Inc. reported Thursday that its annual profit fell 2.5% last year, the first time in six years that the San Antonio financial holding company has experienced a bottom line. Higher expenses resulting from its expansion in Houston and its new headquarters in San Antonio contributed to lower profits for Frost Bank’s […]
Month: January 2020
Fourth Quarter of First Busey, Yearly Profits Up Compared to 2018 | Banking
URBANA – First Busey Corp., the holding company of Busey Bank, announced an increase in profits last year compared to 2018. The company reported net profit of $ 103 million last year on revenue of $ 404 million, up from net profit of $ 98.9 million on revenue of $ 331 million in 2018. Its […]
Irn-Bru maker says annual profits will drop 18% after ‘tough’ year
Creator of Irn-Bru AG Barr claims last year’s pre-tax profits will be down 18% to just over £ 37million. But the Cumbernauld-based group predicted that the result would be high on market expectations. Early in the session, stocks jumped nearly 14% to 619.8p. Revenue for the fiscal year ended Jan. 25 is expected to be […]
LG Electronics sees annual profits drop 10%
LG Electronics recorded 98.6 billion won in operating profit and 16,061 billion won in sales for the fourth quarter of 2019, the company said in its profit forecast, an increase of about 30% and 2 % respectively compared to the same period in 2018. However, the consumer electronics giant’s fourth-quarter operating profits were only a […]