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Wednesday, July 24, 2019

Tag: profits

Harley-Davidson’s profit beats estimates, shares rally

Harley-Davidson Inc forecast a lower-than-expected hit to profit margins from President Donald Trump's trade tariffs.

Alphabet trounces profit estimates as Google reins in costs

Profit margins have dipped as more ads get shown on mobile devices, where Apple Inc and other firms charge fees to distribute Google search on their devices and apps.

Luxury group Hermes sees H1 operating profits remaining near record levels

Hermes's strong sales increase in China shows that demand for luxury goods in that country has remained resilient despite slower economic growth and the trade war dispute between China and the US.

Banks get tools to spot human traffickers moving illicit profits

The United States Banks Alliance said that tools to detect suspicious transactions will allow companies to more easily spot traffickers using their banking or money-moving services to handle profits.

Indonesia’s Bank Mandiri profit jumps, explores global bonds issue

The biggest challenge for the bank remained its liquidity issue, given the rupiah weakening and economic conditions, CEO Kartika Wirjoatmodjo told media.

Citigroup shares decline after bond-trading revenue slides

Citigroup shares declined 3.1% to $66.40 at 10:03 am in New York.

Weak phone demand catches up with Samsung as profit falls short

Weaker sales of its Galaxy S9 devices unveiled in the first three months of the year are starting to have an impact on the Suwon, South Korea-based company, even as it dominates in both DRAM and NAND markets.

Nike returns to growth in North America, tops estimates

The Oregon-based athletic shoe maker has struggled in North America, its biggest market, as it battles tough competition from a resurgent Adidas and Puma, as well as bankruptcies of sports retailers such as Sports Authority and Sports Chalet.

Airlines slash profit forecast, citing fuel, labour, trade tension

Airlines earned a record $38 billion in 2017, but comparisons to that figure are distorted by special accounting items such as one-off tax credits that boosted annual profits, the industry group said.

Singapore Airlines has highest profit in seven years

Net profit rises 148% to S$893 million.

Ad sales surge at Google parent Alphabet, but so do costs

Those ad sales showed investors that there were no immediate signs that rising global privacy concerns had affected profits, even as concerns over Facebook Inc's use of privacy cast some suspicion on Google.

Half a billion pounds: Report reveals record Premier League club profits

English Premier League clubs enjoyed record profits last season, according to a report published Friday by financial consultants Deloitte.

US companies found ways to avoid taxes before tax bill

The 15 corporations had profits of US$24.5 billion in 2017 but managed to obtain nearly US$1.4 billion in rebates from the US Treasury for a combined tax rate of minus 5.6%, according to the ITEP report.

Consumer groups seek probe of YouTube over ads for kids

23 organizations ave signed a complaint to the Federal Trade Commission (FTC), arguing that YouTube is among the most popular online platforms for children and offers many programs designed and promoted for children.

Spotify sees revenue growth easing as gears up for listing

Spotify marks a breakthrough for Europe's tech start-up scene as the region's first company in decades to carve out, and so far, ably defend its niche against US giants Apple, Amazon and Google.

Government never dismissed price hike from GST, says Johari

Second Finance Minister Johari Abdul Ghani says the government has constantly monitored traders who take advantage of the situation to reap huge profits.

Profits, doubts in equal measure at Geneva Motor Show

Behind the glamour there is the overriding concern of increasing slide in diesel sales.

Sky delivers profits surge awaiting takeover by Fox

As Sky awaits a takeover by 21st Century Fox, it has seen its profits rise tremendously.

MyEG Services pre-tax profit goes up to RM54 million

This compares with RM33.4 million recorded in the same third quarter last year.

Malaysia Airlines makes first monthly profit in years

The company is on track for listing on the Bursa Malaysia in March 2019, and succession plans are underway for a Malaysian CEO when current CEO Peter Bellew leaves.

Railway union: 4,000 may lose jobs in KTMB

It says the government should provide more locomotives and freight trains to run services efficiently and cut losses.