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Friday, July 19, 2019

Tag: profits

Panasonic first-half profit sags on higher costs

Net profit fell 4.5% on-year to 113.6 billion yen (US$1 billion) in the six months to September at the Osaka-based company, which supplies battery cells to Tesla.

Volkswagen profits soar as diesel scandal costs fade

Net profit at the Wolfsburg-based group more than doubled year-on-year between July and September, to 2.76 billion euros (US$3.14 billion).

Nintendo first-half profit up 25% on Switch console sales

The Kyoto-based game giant reported net profit for the six months to September of 64.6 billion yen (US$574 million) on sales of 388.9 billion yen, up 4.0%.

HSBC sees little impact on Saudi Arabia investment after Khashoggi murder

HSBC has played an increasingly active role in Saudi Arabia in recent years and its Chief Executive John Flint said the bank will remain supportive of its local affiliate in the kingdom, Saudi British Bank (SABB).

BASF confirms weaker 2018 forecast in ‘challenging’ climate

BASF was especially hard hit by the knock-on effect of tough new EU emission rules for cars that slowed auto production across the industry from September.

Twitter tops earnings estimates, lifting shares

The San Francisco group delivered a US$789 million profit, including one-time gains, compared to a net loss of $21 million in the previous year, as revenues grew 29% to US$758 million.

Boeing profits surge after tax settlement, raises earnings estimate

Boeing reported profits of US$2.4 billion for the quarter ending September 30, a 30.6% jump from the same period of the prior year. Revenues rose 3.8% to US$25.1 billion.a

Electronics giant Philips posts mixed results in Q3

Best known for the manufacture of light bulbs, electrical appliances and television sets, Philips has gradually pulled out of these activities in face of fierce competition from Asia.

Daimler cuts 2018 profit forecast on diesel woes

Daimler was forced to trim its outlook for the first time four months ago, blaming new tariffs on cars exported from the United States to China as part of President Donald Trump's festering trade spat with Beijing.

Procter & Gamble’s profits rise despite currency drag

P&G has notified retailers in the US of price hikes on "several" products in home care, oral care and personal care that will be implemented in the coming months.

Uniqlo operator logs record profits

Uniqlo represented 80% of the turnover and the firm said it expected growth to continue at the brand, which now sponsors tennis stars Roger Federer and Kei Nishikori.

Strike-hit Ryanair warns on profits, signals job cuts

The Dublin-based carrier cut its annual net profits forecast by 12% owing to recent walkouts by pilots and cabin crew that has forced it to cancel hundreds of flights over the summer peak season.

Surge in Q2 profit masks underlying challenges for AirAsia

AirAsia plans to add five more aircraft to its fleet through operating leases in the second half of 2018 and deploy them to AirAsia X Malaysia and AirAsia X Thailand, it said in a statement.

ICBC profit rises most since 2014 amid China de-risking campaign

The order to step up lending comes against a backdrop of rising corporate defaults and a surge in bad debt in the second quarter, though most of the increase came from rural lenders.

Epic fare war crushes profits in booming Indian airline market

The Indian commercial aviation industry has been in shakeout mode ever since the government ended a state monopoly enjoyed by Indian Airlines in 1994.

Anti-hero ‘Deadpool’ gives life to Fox earnings

Media group 21st Century Fox, most of which is being sold to Walt Disney Co., on Wednesday topped earnings expectations with help from the latest film devoted to anti-hero "Deadpool."

Asia’s new stock-market king has strong profits, BOJ support

The Chinese and Japanese markets swapped position behind the US for the first time since 2014, making Japan Asia’s biggest stock market.

Nintendo’s software sales help bolster profits as hardware slips

Nintendo sold 18 million Switch software titles, up from 8.1 million last year, which made up for weaker shipments of the Switch console.

Heineken shares plunge on hangover fears

Dutch brewing giant Heineken on Monday saw its share price plummet over 5% after revising outlook downwards for the year, despite reporting a leap in first-half profits.

Spotify reaches 83 million paying subscribers

Top streaming platform Spotify said Thursday that it has reached 83 million paying subscribers, marking steady growth even as the company still struggled to make a profit.

Puma confident after Q2 boosts from Jay-Z, Griezmann

German sportswear group Puma reported Thursday growing sales and profits in the second quarter.

BAT churns out tobacco profit as cigarette alternatives stumble

BAT’s profits will provide a rare bit of cheer for tobacco investors as doubts intensify over long-term prospects for the cigarette industry.

Boeing earnings up, but reports higher costs on tanker

Boeing reported a net income of US$2.2 billion.

Deutsche Bank says big-bang restructuring on track

Deutsche Bank's second-quarter profits beat analysts' previous expectations.