Sales, marketing and support services group DCC reported an 11% increase in full-year operating profit to over £589 million. DCC’s revenue for the year to the end of March rose 32% to £17.732 billion, from £13.412 billion the previous year, due to higher energy commodity prices. As soaring energy prices boosted its performance, CDC’s healthcare […]
Toyota Motor Corporation warned that profits could fall by a fifth in the coming year as rising raw material costs, supply chain issues and the pandemic continued to weigh heavily. The Japanese auto giant said it has temporarily suspended, or plans to suspend, production of cars and components at some factories in Japan and overseas […]
Image: chrisdorney/Shutterstock Centrica predicted that its annual adjusted earnings would be “at the high end of analysts’ more recent expectations.” The owner of British Gas said it delivered “strong operational performance” in the first four months of the year. The energy giant added that volumes from its nuclear and gas generation assets in the UK […]
Maldives Transport and Contracting Company (MTCC) reports an increase in the company’s after-tax profit of 21% in 2021. According to the state-owned company, the notable increase in after-tax profit is directly due to improved activities in the construction and dredging segments of the company. Despite recording an annual improvement in after-tax profit in 2021 compared […]
After the shock of Netflix (NASDAQ:) subscriber failure earlier this week, many Nasdaq stocks were crushed yesterday, with Tesla (NASDAQ:) ending the day down nearly 5% on fears that Last night’s first quarter earnings did not disappoint. That turned out not to be the case with $18.76 billion, up 81% and nearly $1 billion above […]
JEsla’s share price jumped 2.5% in after-hours trading in New York yesterday as the company announced after markets closed that first-quarter revenue was $18.76 billion, beating expectations of $17.80 billion. Earnings per share also beat expectations, coming in at $3.22 versus estimates of $2.27. Tesla stock price up as first-quarter results defy expectations Tesla’s first […]
J esco revealed that annual profits have more than tripled, but warned that retail profits will be under pressure this year due to soaring inflation and shoppers returning to their buying habits. before the pandemic. The supermarket giant saw the group’s pre-tax profits climb to £2.03bn in the year to February 26, from £636m the […]
UK retailer Tesco posted a sharp rise in annual earnings on Wednesday, but warned that current-year earnings could fall as inflationary pressures begin to hit consumers. The company said adjusted operating profit rose 35.8% to £2.65bn in the year to February 26. On a pre-tax basis, it had risen 219% to £2bn. Total group sales […]
The Lookers Mercedes-Benz dealership in Wolverhampton The group, which has sites in the Black Country, Shropshire and Staffordshire, saw its underlying pre-tax profit rise from £13.7m in 2020 to £90.1m, mainly thanks to margins on used vehicles. Revenue also increased by 9%, from £3.69 billion to £4.05 billion. Managing Director Mark Raban said: “2021 has […]
After losing to Impala Platinum Holdings in a takeover war, the CEO of Northam Platinum Holdings claimed on Thursday that his company’s stake in Royal Bafokeng Platinum (RBPlat) gave him a position of strength and was “the silver medal “. Since November 2021, Northam has acquired a 34.68% stake in RBPlat, hampering Impala’s quest to […]
London pre-opening The FTSE 100 was set to open 13.7 points higher before the bell on Thursday after closing the previous session 0.22% lower at 7,460.63. Stocks to Watch media company To come up revealed on Thursday that it had acquired digital-only entertainment publisher WhatCulture.com, operator of data news platform Waive for an undisclosed amount. […]
The group said the 11% rise in operating profit “marks a return to our long-term growth rate, having withstood the pandemic.” Legal & General Group PLC (LSE:LGEN) reported strong profit growth for 2021 as it benefited from the post-pandemic economic rebound and the easing of COVID-19 restrictions. The asset management group reported operating profit of […]
H&T has stores in the Black Country and Kidderminster It also saw strong growth in borrowing demand in the second half. The profit figure rose by 49.4% from £15.6m in 2020 to £7.9m. The pledge book increased by 38.5% to £66.9m as demand for pawnbrokers has now fully returned to pre-pandemic levels. Retail sales rose […]
The shipping company said it had “a very strong forward order book” and the outlook for freight rates remains positive. Clarkson PLC (LSE:CKN) unveiled record results for 2021 with a 55% increase in underlying profits as shipping markets began to recover from the COVID-19 pandemic. The shipping services company reported underlying pre-tax profits of £69.4 […]
Irish building materials company HRC on Thursday reported higher profits and revenue for the full year as it hailed good underlying demand. Earnings before interest, taxes, depreciation and amortization increased 16% to $5.35 billion, with sales up 12% from 2020 to $31 billion. Pretax profit for 2021 was $3.3 billion, down from $1.7 billion a […]
Diversified German group Bayer is aiming for a return to growth in its adjusted core earnings this year, as higher profits in its agricultural division would likely be tempered by investments in new genetic processing technologies. Earnings before interest, tax, depreciation and amortization (EBITDA) before special items is expected to reach €12 billion in 2022, […]
Serco has lamented ‘grossly unfair’ criticism of its role in the much-criticised NHS Covid-19 test and trace program as the outsourcing company reported a rise in full-year profits that could fund more than £100m in shareholder rewards. The company said it won £700million in Covid-related contracts globally in 2021, bringing its total pandemic-related revenue to […]
Hong Kong Exchanges and Clearing (HKEX) released its financial results for 2021, reporting a record year for annual profits with a 9% jump to HK$12.54 billion. Earnings per share reached HK$9.9 during the year, up 9% from 2020. The Asian exchange operator’s total revenue for the year was HK$21 billion, up 9% from a year […]
The group – the UK’s biggest mortgage lender – reported pre-tax profits of £6.9bn in 2021, up from £1.2bn the year before, although that figure was below City hopes. Lloyds said results were improved as it set aside a £1.2billion credit against bad debt provisions, after setting aside £4.2billion the previous year, while benefiting also […]
British banking group, Lloyds Bank plc, is reportedly reintroducing bonuses for staff, amounting to £399 million ($534 million) in total, after annual profits jumped up by more than fivefold in 2021.For the uninitiated, a year earlier the bank has scrapped payouts for employees due to the pandemic. Lloyds stated that the decision is a testament […]
The company said its defense and security capabilities “remain highly relevant in an uncertain global environment with complex threats.” BAE Systems PLC (LSE: BA.) has announced increased sales and profits for 2021 and expects further growth for the current year. Underlying profit (EBIT) was £2.2 billion as of December 31, 2021, up 13% year-on-year and […]
Barclays has revealed a jump in annual profits to a record £8.4billion and that share awards currently worth around £22million to former chief executive Jes Staley have been frozen , as he challenges the findings of a regulatory investigation into his relationship with Jeffrey Epstein. The bank confirmed a story by Sky News on Tuesday […]
HSBC said annual profits more than doubled in 2021, but it faces challenges on multiple fronts in its key Chinese market. The Asia-focused but UK-based bank has warned that China’s “zero-COVID” measures to control the disease in Hong Kong are hurting the economy. He added that the restrictions, aimed at curbing the Omicron variant, could […]
Barclays has frozen £22million in free share awards to former boss Jes Staley as part of an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual report revealed that it had suspended Mr Staley’s unvested long-term free share awards pending regulatory investigation. He said nearly 70 per […]
HSBC brought forward its key profitability target by a year and more than doubled its annual profit as the bad debts expected from the Covid-19 pandemic failed to materialize, and it pointed to rising interest rates. his income. Like its global peers, HSBC, one of Europe’s largest banks, is benefiting from lower than expected impairment […]
HSBC makes the bulk of its profits in Asia, with China and Hong Kong being the main growth drivers. Photo: Carlo Allegri/Reuters HSBC (HSBA.L) more than doubled its annual profit to $18.9bn (£13.9bn) and announced plans to buy back shares worth up to $1bn as the lender was helped by lower bad debts and operating […]
Mr Wyatt said Viva was supported by signs that governments around the world were lifting restrictions, which would boost oil demand, particularly for the company’s aviation fuel. Despite the brighter outlook, shares of Viva Energy were down nearly 3% in mid-afternoon trading. Wyatt said he also expects the company’s strong performance in its refining business […]
The authority recorded a profit of over Rs 12 billion in the first six months of the current financial year KATHMANDU, Feb. 20: The Nepal Electricity Authority (NEA) has made a profit of Rs. 12.12 billion in the first six months of the current fiscal year – financial year 2021/22. According to NEA financial statements […]
Feb. 18, 2022 (MLN): Bank of Punjab (BOP) announced a significant 79% year-on-year increase in net profit to 12.4 billion rupees for CY21 from 6.9 billion rupees harvested last year. This took the bank’s earnings per share to Rs 4.71 from Rs 2.63 in CY20. The significant increase in profitability was attributed to provision reversals […]
Raining Rose Promos, Cedar Rapids, Iowa, has announced that it will donate 1% of its annual profits to Heifer International, a global non-profit organization that supports local farmers and their communities. Raining Rose donations will directly support bees, supplies and beekeeper training. “As a provider of natural and organic personal care products, we source beeswax […]
LONDON – British pharmaceuticals group GlaxoSmithKline posted declining annual profits after the previous year was boosted by asset sales, but forecasts a recovery in 2022 amid fallout from its healthcare division. After-tax profit fell to just under £4.4bn last year, GSK said in a statement. That compares to £5.7bn in 2020, when its bottom line […]
British pharmaceuticals group GlaxoSmithKline (GSK) posted declining annual profits after the previous year was boosted by asset sales, but expects a recovery in 2022 as part of the spin-off of its healthcare division. After-tax profit fell to just under £4.4 billion (R91.21 billion) last year, GSK said in a statement on Wednesday. That compares to […]
Digital adoption alone is no longer enough to achieve business goals and drive profits, according to research from the Infosys Knowledge Institute (IKI), the thought leadership and research arm of Infosys. The study, Infosys Digital Radar 2022, found that companies must now use digital to differentiate themselves beyond traditional IT metrics, reaffirming the importance of […]
BNP Paribas has raised its profit targets and pledged to boost shareholder returns as the French lender pursues a plan to strengthen its investment bank and benefit from an economic recovery. The bank said net profit jumped by more than a third in 2021 to a record 9.5 billion euros, helped by lower charges related […]
A risky investment didn’t pay off for the tech company – and they had to admit the mistake very publicly. Electric vehicle giant Tesla lost US$101 million (Australian $141 million) after a risky gamble failed to pay off. The tech company revealed in its annual report to the U.S. Securities and Exchange Commission, released last […]
Publicis Groupe is to pay a ‘bonus to anyone who has been with the business for at least two years, after announcing a 75% increase in annual profits to 1.34 billion euros (£1.12 billion ) and incomes above pre-pandemic levels. The French agency group grew organic revenue by 10% in 2021, with no slowdown in […]
Santander Bank reported an increase in annual profits on Wednesday as the global economy recovered from the worst of the pandemic. The Spanish lender reported total revenue for the year to 31 December 2021 of 46.4 billion euros, a 4% jump from 2020, while net operating income came in at 25.0 billion euros, up 6%. […]
The assets of the company stood at AED6.1 billion at the end of 2021. Abu Dhabi: Al Seer Marine PJSC, the leading maritime company in the Middle East region active in several maritime sectors and a subsidiary of International Holding Company (IHC), today announced its fourth quarter and annual financial results. During the twelve-month period, […]
Chevron Corp. CLC -3.52% had its most profitable year since 2014, reporting on Friday that it made a net profit of $15.6 billion in 2021 as commodity prices surged on the back of a global economic recovery. The US oil giant’s annual revenue was a dramatic turnaround from 2020, when Chevron lost $5.5 billion after […]
Tesla reported record annual profit of $5.5 billion on its 2021 earnings call on Wednesday, saying the figure proved the “viability and profitability” of electric vehicles. The Wall Street Journal reported Tesla also achieved $53.8 billion in sales, with gross margins for the company’s cars dropping to 29.3% from 25.6% in 2020. “We believe competitiveness […]
Burberry forecast higher profits after attracting young shoppers with puffer jackets and trainers under designer Riccardo Tisci and benefiting from a rebound in the luxury goods market as lockdowns unfold across the world. Fellow luxury brands Richemont and Prada also showed strong trading as affluent consumers splashed out on designer bags, watches and clothes after […]
Friday, January 14, 2022 2:44 PM Jamie Dimon, Chairman and CEO of JPMorgan Chase JP Morgan today reported record full-year profits despite a slowdown in business operations and rising costs that weighed on fourth-quarter profit margins. Profits for the full year hit a record $48.3 billion, but the final quarter of the year fell to […]
JPMorgan Chase posted net profit for the last three months of 2021 ahead of analysts’ expectations, pushing the US banking giant to post a full-year profit. In fourth-quarter earnings on Friday, the largest U.S. lender said net income was $10.4 billion, or $3.33 per share. That was down from $12.1 billion, or $3.79 per share, […]
UK food and clothing retailer Mark & Spencer said it now expects annual profits of at least £500million after strong Christmas sales driven by the outperformance of its food range, but also warned of increased inflationary pressure. The company’s revised guidance is slightly up from a previous profit forecast before tax and adjusted items of […]
British housewares retailer Dunelm raised its annual profit forecast on Wednesday after a record performance in the 13 weeks leading up to Christmas, thanks to online sales and higher margins. The company posted second quarter revenue of £ 407million, up 13% year on year and 26% more than two years ago before the Covid pandemic. […]
JD Sports Fashion raised its full-year profit forecast after revenues rose 10% in the 22 weeks to Jan. 1 as U.S. fiscal stimulus measures also boosted trade. The sports fashion chain said on Wednesday it expects pre-tax profits of at least £875m compared to previous expectations of £810m after heavy trading over Christmas and Black […]
Trafigura Group Pte Ltd, one of the largest commodity traders in the world, achieved record annual profits thanks to rising commodity prices and increasing transaction volumes. Underlying EBITDA increased 13% to $ 6.9 billion (£ 5.2 billion) for the year ending September as revenue jumped 57% to a record high of $ 231.3 billion. Trading […]
Its annual results, released this morning (December 2), indicate this is a record year for the company with total customer numbers up over 87,000, net inflows of 6.4 billion pounds sterling and assets under administration totaling £ 72.8 billion. Its additional income rose 15% to £ 145.8million from £ 126.7million last year and profit before […]
FRANKFURT (Reuters) – German industrial giant Siemens on Thursday reported an increase in its annual net profit despite a fourth quarter troubled by global supply chain problems which the company says will improve next year. After the split of its energy subsidiary last year, the company has had “a very successful start as a focused […]
German industrial giant Siemens on Thursday reported an increase in annual net profit despite a fourth quarter troubled by global supply chain issues which the company says will improve next year. After the split of its energy subsidiary last year, the company has had “a very successful start as a specialist technology company,” CEO Roland […]
The retail giant posted pre-tax profits of £ 187.3million for the six months to October 2 from losses of £ 87.6million a year earlier at the height of the pandemic . On an underlying basis, pre-tax profits jumped to £ 269.4million, up 52.8% from two years before the pandemic, and from losses of £ 17.4million […]
Pandemic Helps Drug and Personal Care Manufacturers Record Strong Sales Increase 09 November 2021, 22:30 Last modification: 09 November 2021, 22:43 Infographic: SCT “> Infographic: SCT Most of the listed pharmaceutical and chemical companies recorded a higher profit in fiscal year 2020-2021 compared to the previous year thanks to increased sales during the Covid-19 pandemic. […]
Quad Cities-based farm and construction equipment maker Deere & Co. says it earned more in the first nine months of its 2021 fiscal year than it did in its full year record for the 2013 financial year. Deere, which released its third quarter results on Friday, said its net profit for the nine months ending […]
Jeff Bezos may have quit the CEO job, but Amazon.com Inc. continues to hum. Amazon today released its first quarterly earnings report since Andy Jassy took over from Bezos as CEO on July 5, and it shows Amazon grew its second quarter net profit by 48.4% through compared to the same period last year, while […]
San Francisco (USA), Jul 20 (EFE) .- The streaming entertainment content platform Netflix on Tuesday announced profits between January and June of $ 3,060 million, more than double the 1,429 million obtained at the same time last year. In the first six months of its fiscal year, the Los Gatos (California, United States) -based firm […]
The Georgia Lottery Corp. today announced its most successful year ever with historic profits generated for Georgia’s HOPE and pre-K scholarship programs. The Georgia Lottery raised a record $ 1,544,954,000 in profit for fiscal 2021, bringing the total transferred to the treasury education lottery account since its inception to more than $ 23.8 billion . […]
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Nike’s annual profits are soaring 196% from last year and 42% from 2019. Year-to-date revenue … [+] increased by 19%. (Photo by Stephanie Keith / Getty Images) Getty Images Nike announced its fourth quarter (Q4) and annual performance for the fiscal year ending May 31, 2021 with annual profits up 196% from last year and […]
NEW YORK, June 4, 2021 / PRNewswire / – Paxful, the leading global peer-to-peer fintech platform, today announced it will join the founders’ circle, a philanthropic group within the donation block. Through this agreement, Paxful commits to donate 1% of its annual profits to charities through the Giving Block. In addition, the CEO and co-founder […]
Rémy Cointreau, headquartered in France, said net profit attributable to the group excluding non-recurring items during the year ended March was € 148.2 million (£ 127 million ) up 19.4% on a reported basis and exceeding expectations. Sales amounted to just over € 1 billion, up 1.8% organically and down 1.4% as reported – with […]
Top-performing companies show annual profit growth correlated with cloud usage in six different ways, study found Efficient cloud adoption can generate new net annual profits of $ 414 billion for global companies, according to research from Infosys. The study found that top-performing companies had annual profit growth from using the cloud in six different ways: […]
Fashion and housewares retailer N Brown posted a 49.4% drop in profits to £ 30.1million in the year ending February 27, 2021. The Manchester-based company also reported a 13% drop in group revenue to £ 728.8million, with statutory operating profit down 27% to 35.1%. Difficult 2020 N Brown, which owns the JD Williams and Jacamo […]
Sony is hoping that sales of its PlayStation 5 game console will surpass those of its hugely popular predecessor system this year, despite the warning that the global chip tightening is expected to persist for the next 12 months. The Japanese group’s goal for the new console came as the pandemic-triggered gaming boom took its […]
MINNEAPOLIS (AP) — Rising commodity prices, good weather and two rounds of government aid in 2020 have led Minnesota farmers to their most profitable year in nearly a decade. A report from the University of Minnesota Extension and Minnesota State Centers of Agricultural Excellence pegs median net farm income at nearly $107,000 last year after […]
Power company Umeme Ltd reported a net profit of 41.1 billion shillings from its 2020 operations, down 69% from the 139.2 billion shillings recorded in 2019. The huge drop in profits is largely attributed to the effects of covid 19 over most of the year, which saw the government shutting down most economic activities for […]
The state-backed Saudi oil giant said on Sunday that its 2020 profits had fallen to $ 49 billion (£ 35 billion) as the coronavirus pandemic shook global energy markets. Saudi Arabian Oil Co released its financial results a year after the pandemic dropped the price of oil to record highs as people stopped moving around […]
Supermarket chain Morrisons saw its annual profits cut in half as it was impacted by the additional costs of Covid-19, but also declared a special dividend alongside a final payment. Profit before tax and exceptional items fell 50.7% to £ 201m, including £ 290m of direct costs from Covid-19 to cover thousands of additional staff, […]
Library image of Anthony McPartlin (left) and Declan Donnelly, whose Saturday Night Takeaway show is broadcast by ITV. The group posted pre-tax profit of £ 325m for 2020, down 39% from £ 530m in 2019, as revenue fell 16% to £ 2.8bn . Underlying profit fell 21% to £ 573million, which she said was better […]
Many hospitals across the country suffered a financial blow from the COVID-19 pandemic, but some large healthcare systems were still profitable in 2020. The pandemic resulted in lower patient volumes and higher spending for U.S. hospitals last year, and the financial damage could continue this year. The pandemic could cost hospitals between $ 53 billion […]
Lloyds Banking Group has announced that it will expand its insurance and wealth management business as lower interest rates and bad loan provisions hurt profitability. The bank, which returned to private hands in 2017 following a taxpayer bailout during the financial crisis, revealed a 72% drop in pre-tax profits for 2020. Much of the blow […]
Lloyds Bank’s annual profits plunge 72% to £ 1.2bn amid declining household spending during the Covid pandemic UK’s largest national lender reveals extent of financial devastation from Covid-19 Statutory pre-tax profits fall to £ 1.2bn in 2020, from £ 4.4bn in 2019 However, the latest figure was better than the £ 905million analysts expected Lockdowns […]
HSBC says it will cut jobs to save money and focus on generating profits in Asia after reporting a 34% drop in its annual pre-tax profits to £ 6.2 billion in 2020. Europe’s largest bank revealed revised strategy to put more emphasis on wealth management in Asia, where it earns most of its profits, to […]
Video game holding company Activision Blizzard released its financial results for the fourth quarter and full year 2020. The company generated quarterly net revenues of US $ 2.41 billion, up 21.5% from $ 1.99 billion in the last quarter. same period of 2019. For the full year 2020, Activision Blizzard recorded revenue of $ 8.1 […]
Construction of the Olkaria V geothermal power plant, Kenya October 2018 (source: LinkedIn / Roberto Razo) KenGen reports higher profits for the fiscal year ended June 2020, largely attributed to the new 165 MW Olkaria V geothermal power plant and revenues from the geothermal services business. The target for 2021 is now to deliver the […]
WATCH: H&M warns of sales after fall in annual profits Swedish retailer Hennes and Mauritz (H&M) has warned about its first quarter sales after the coronavirus pandemic decimated its annual profits. Profits at the world’s second-largest fashion retailer fell 88.2% to £ 179million ($ 245million) in the year to November 30, 2020, and gross profit […]
Haymarket Media Group reported annual profit of over £ 8million in the last fiscal year as strong performance in its US medical business offsets the worst of the coronavirus slowdown. Haymarket, which owns more than 70 brands including What Car ?, Autocar, Campaign, GP Online, PR Week, MyCME and Finance Asia, said earnings before interest, […]
2 Sisters Food Group, West Bromwich 2 sisters in Dial Lane, West Bromwich In the 12 months leading up to August 1, Boparan Holdings reported sales up 1.8% to £ 2.46 billion. For the fourth quarter of the year, sake rose 6.4% to £ 641.1million with profits up 94.4% to £ 34.4million as it put […]
Tiger Brands has cut hundreds of jobs across South Africa’s food sector as annual profits tumbled amid a coronavirus-related drop in consumer spending. The publicly listed owner of brands such as Albany Bakery and Cresta Rice released its annual results for the period to September 30 on Friday (November 20th), posting net profits of ZAR […]
Tyson Foods beat expectations amid the lingering challenges of COVID-19, posting strong fourth quarter earnings per share of $ 1.81 on an adjusted basis, compared to the $ 1.18 Wall Street predicted. Revenue topped $ 10.641 billion, below the $ 10.8 billion forecast by analysts. Profits increased by 50% compared to the same period last […]
The tech and telecoms recruiter had net cash of £ 27.3million at the end of the year Gattaca PLC (LON: GATC) reported a 61% drop in pre-tax profit to £ 1.4million for the year ending July 2020. But the IT and telecom recruiter said he had a solid balance sheet and that the effects of […]
WWE made a whopping £ 170million profit despite financial pressure from the coronavirus pandemic. As other sports grapple overwhelmingly with the lack of fans in the stadiums, Vince McMahon’s money-making machine continues to turn a profit. 1 Vince McMahon Announced Huge Annual WWE ProfitsCredit: Getty Images – Getty The CEO said, “Our third quarter financial […]