Lending markets

Lending Marketplace NFT Arcade officially launches a platform enabling liquid lending markets for NFTs

NFT, or non-fungible tokens, are perhaps the most widely defined and misunderstood form of a digital asset. Whether it’s a piece of digital art or a symbolic act on land, NFTs have been called many things by many people, often grouped with cryptocurrencies and labeled as “the funny money”. But a Silicon Valley-based startup is […]

Lending markets

Arcade Launches as a First-of-its-Kind Platform Enabling Liquid Lending Markets for NFTs | News

SAN FRANCISCO, January 31, 2022 /PRNewswire-PRWeb/ — Arcadea DeFi marketplace and lending platform that enables the financialization of NFTs, is officially launching after recently closing a $15 million Series A Increase with investments from Pantera Capital, Castle Island Ventures, Eniac Ventures, Golden Tree Asset Management and several other notable investors. Arcade is also launching by […]

Profit statements

Geojit net profit jumps 26% to Rs 39.7 cr in December quarter

Brokerage leader Geojit Financial Services on Monday announced a 26% increase in its consolidated net profit to Rs 39.7 crore for the December 2021 quarter. The Kochi-based company had recorded a net profit of Rs 31.5 crore in the corresponding period last year, it said in a statement. Its consolidated revenue from October to December […]

Lending markets

Arcade launches as a first-of-its-kind platform enabling liquid loan markets for NFTs

Arcade launches NFT lending platform hot on the heels of the filler $1.25M on loan from Genesis. SAN FRANCISCO, January 31, 2022 /PRNewswire-PRWeb/ — Arcadea DeFi marketplace and lending platform that enables the financialization of NFTs, is officially launching after recently closing a $15 million Series A Increase with investments from Pantera Capital, Castle Island […]

Profit statements

Easemy Trip third-quarter profit soars 83.8%

The company had posted an after-tax profit of Rs 22 crore in the same period last year, the company said in a statement. On Sunday, online travel platform Easemy Trip reported an 83.8% increase in consolidated profit after tax to Rs 40.42 crore in the third quarter ended December 31, 2021. The company had posted […]

Lending reports

IndusInd Bank admits procedural flaws in MFI lending; announces a 49% jump in profits in the third quarter

There have been reports alleging the possibility of loan rollovers as the loans were issued without customer consent, which helped the bank remove non-performing assets in the first COVID-hit quarter. Private sector lender IndusInd Bank on Saturday reported a 49% rise in its December quarter net profit to Rs 1,241.55 crore and admitted procedural lapses […]

Profit statements

Suzlon Energy posts net profit of Rs 37 cr in December quarter

Suzlon Energy posted a consolidated net profit of Rs 37.73 crore in the December 2021 quarter, mainly due to higher revenues. The company had reported a consolidated net loss of Rs 118.06 crore in the same quarter last year, according to a BSE filing released on Friday evening. Its total revenue rose to Rs 1,615.06 […]

Profit statements

Revenue vs profit: what’s the difference?

Revenue and profit are two of the most important numbers to focus on for business owners and stock investors. Revenue is the total amount of money the business has earned in a given period; profit is what remains after deducting expenses. For some companies, profit margins and efficiency are so high that there is not […]

Profit statements

Valero posts quarterly profit on rising gasoline demand

The Valero refinery next to the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo Jan 27 (Reuters) – U.S. refiner Valero Energy Corp (VLO.N) posted a quarterly profit on Thursday, up from a loss a year ago, as demand for fuel and refined products soared due to a […]

Profit statements

Honda Atlas profit drops 41%

KARACHI: Honda Atlas Cars (Pakistan) Ltd on Thursday announced a 40.68% drop in profit for the quarter ended December 31 due to an increase in the cost of sales. In a statement to the Pakistan Stock Exchange, the company reported a net profit of 445.94 million rupees in the quarter ended December 31 against 751.80 […]

Profit statements

Status quo policy rate: 9.75%

The State Bank of Pakistan (SBP) kept its benchmark interest rate at 9.75% on Monday, signaling a pause in the tightening cycle. “There is no need for further tightening at the moment due to government fiscal policy,” SBP Governor Reza Baqir said Monday at a press conference. In line with the Monetary Policy Statement (MPS), […]

Profit statements

Is McCaul’s bluster about the “invasion” of Taiwan hiding a profit motive?

Artwork: Liu Rui/GT U.S. Representative Michael McCaul told reporters on a conference call on Friday that the Chinese mainland would “invade” the island of Taiwan sometime after the upcoming Winter Olympics in Beijing, the New York reported Friday. Post. The Republican Congressman from Texas then called on the US military to strengthen its presence in […]

Profit statements

IMM Benefits Status: No Negative Experiences

İBB Profit Statement No Negative Experiences The cold and rainy weather has started to take effect in Istanbul. The snowfall, which began in the districts of Silivri, Çatalca and Büyükçekmece, became effective throughout the city in the hours that followed. IMM Secretary General Can Akın Çağlar and the accompanying IMM delegation inspected the measures taken […]

Investment reports

Parsharti Investment announces standalone net loss of Rs 0.03 crore in December 2021 quarter

Sales increase by 1780.00% to Rs 0.94 crore Net loss of Parsharti Investment reported at Rs 0.03 crore in the quarter ended December 2021 compared to net profit of Rs 0.07 crore in the previous quarter ended December 2020. Sales increased by 1780.00% to Rs 0.94 crore in the quarter ended December 2021 compared to […]

Profit statements

JPMorgan boss Jamie Dimon’s salary tops $34m as bank profits hit record high

JPMorgan is paying chief executive Jamie Dimon $34.5 million for a record-breaking 2021 year, $3 million more than he earned in the previous two years. The country’s biggest bank reported net profit of $48.3 billion last year, up 66% from a year earlier and a third above the old record. The stock rose 25%, but […]

Profit statements

ZA Group (OTCMKTS:ZAAG) Stock falls sharply on profit booking

Shares of ZA Group (OTCMKTS:ZAAG) fell sharply on Wednesday after gaining momentum recently. Commercial data On Wednesday, ZAAG stock fell 21.50% to $0.0011 with over 549.48 million shares, compared to its average volume of 60.88 million shares. The stock moved in a range from $0.0009 to $0.0015 after the trade opened at $0.0014. ZA Group […]

Profit statements

Constant Currency LTI Revenue Grows 9.2% QoQ and 30.1% YoY; Net profit up 18.0% year-on-year

Mumbai, India, January 19, 2022 /PRNewswire/ — Larsen & Toubro Infotech (BSE 540005) (NSE: LTI), a global technology consulting and digital solutions company, today announced its fiscal 22 third quarter results. In US dollars: Turnover at $553.0 million; growth of 8.7% QoQ and 29.3% year over year Constant exchange rate Revenue growth of 9.2% QoQ […]

Profit statements

Truist Ends Fiscal 2021 With Strong Earnings Performance During Pandemic | Local

Truist President and retired Managing Director Kelly King said in July 2020 that major branch conversions would be pushed back to the first half of 2022, rather than the original August 2021 projection. On Tuesday, Truist said it was “on track for central bank conversion in February” involving SunTrust customers after completing the conversion of […]

Profit statements

Increased sales allow Clean Seas to return to profit

Record sales of $31.3 million for the six months to the end of December buoyed South Australian trevally farmer Clean Seas Seafood after a few loss-making years. The listed company announced to the Australian Securities Exchange this morning that it sold a record 1,946 tonnes of trevallies in the first half of FY22, generating $31.3 […]

Profit statements

Philips provides update on profit warning and recalls

Shares of Philips plunged 15% on Wednesday after warning that its ongoing recall of CPAPs, BiPAPs and ventilators would be extended and supply chain issues sent profits plummeting. The combined issues are estimated to drop fourth-quarter adjusted earnings before interest, taxes, amortization (EBITA) by nearly 40%, or about $739 million. Wednesday’s share decline eroded Philips’ […]

Profit statements

Unilever stock: profit versus sustainability (NYSE: UL)

ilya131266/iStock Editorial via Getty Images Terry Smith, influential fund manager of one of Unilever’s top 10 shareholders (NYSE:UL), Fundsmith, blamed Unilever for “losing the plot”. In his annual shareholder letter to Fundsmith investors, he wrote the following: Unilever appears to be suffering under the weight of management obsessed with publicly displaying its sustainability credentials at […]

Profit statements

US dollar shaken as ‘quick money’ takes profit following Powell’s remarks

USD rates shaken and stirred by hawkish Fed chatter Profit-taking cited for losses as inflation data looms USD may fall further in the near term but not recover While the market has not yet integrated the Fed’s neutral rate offer Image © Federal Reserve The dollar lost value ahead of the midweek session after hawkish […]

Profit statements

Tracey Concrete Reports Significant Increase in Sales and Profits

Business Editor Gary McDonald January 11, 2022 01:00 FERMANAGH maker Tracey Concrete, which has supplied major construction projects in the UK and Ireland for over 50 years, has reported a dramatic increase in sales and profits. Figures just filed with Companies House show revenue in the year up to March 31st rose from £ 27.7million […]

Profit statements

Longford Leader Farming: Time to Complete Your Profit Monitor Entry Sheet for 2021

Each step is essential to ensure that the business is viable and sustainable. The first step is grassland management; the second step is the breeding and performance of your animals and the third step is the financial performance of the business. The three are closely related and closely linked to the overall performance of the […]

Profit statements

How the nonprofit Covid-19 vaccine wants to end global inequalities

The current Covid-19 pandemic continues to hold new surprises for scientists with each mutation. The current wave in the world is driven by the Omicron variant. The problem with a virus is that it continues to mutate until most of the world’s population is vaccinated or infected.. Since the latter is not an option given […]

Profit statements

Wisdom Benefit Reaches NT $ 1.1 Billion | Hellenic expedition news around the world

Dry bulk shipper Wisdom Marine Lines Co reported a pre-tax profit of NT $ 1.1 billion (US $ 39.82 million) for the last month and a record profit of NT $ 8.28 billion for the last month. the whole of last year, thanks to skyrocketing freight rates. The pre-tax earnings per share last year was […]

Profit statements

Can Tesla Profit From Its Insurance Business?

For most investors in Tesla, Inc. (TSLA), sales of electric vehicles are the top numbers on the company’s balance sheet. But if CEO Elon Musk is to be believed, another part of Tesla’s business could account for a significant chunk of its profits. In an October 2020 earnings call, Musk suggested that the company’s insurance […]

Profit statements

CHS sees big profit gains as global trade and energy demand skyrocket

A hiatus in the US-China trade war and surging demand for petroleum energy are fueling a strong financial rebound at CHS Inc., the country’s largest farmers’ cooperative. The Inver Grove Heights-based company released its fiscal 2022 first quarter results on Wednesday that reflect a reversal of some of the more troubling trends it faced at […]

Lending markets

Securities lending markets up 21% in 2021, generating $ 9.28 billion in revenue

NEW YORK, January 4, 2022 / PRNewswire / – The global securities lending industry has generated $ 9.28 billion revenue for lenders in 2021, according to DataLend, the fintech market data division EquiLend. This figure represents an increase of 21.2% over the $ 7.66 billion generated for lenders in 2020 and an increase of 7.2% […]

Lending markets

DataLend: Securities Lending Markets Up 21% in 2021, Generating $ 9.28 Billion in Revenue | State

NEW YORK, January 4, 2022 / PRNewswire / – The global securities lending industry has generated $ 9.28 billion revenue for lenders in 2021, according to DataLend, the fintech market data division EquiLend. This figure represents an increase of 21.2% over the $ 7.66 billion generated for lenders in 2020 and an increase of 7.2% […]

Profit statements

Nonprofit ‘People’s COVID Vaccine’ Begins to Target Global Inequalities

While vaccine inequality between high-income and low-income countries continues to persist, a team of scientists from Texas have developed what they hope will be “the global COVID vaccine,” a low-cost, non-profit vaccine designed to help levels medium to low. income countries are battling the COVID-19 pandemic. Known as Corbevax, this vaccine was developed by Texas […]

Profit statements

Vitafoam posts net profit of 4.4 billion naira as dividend increases 114%

Vitafoam Nigeria Plc posted net profit of 4.384 billion naira for the fiscal year ended September 30, 2021. In addition, the company declared a total dividend of 1.876 billion naira for the period under review, an increase of 114 percent from the 87.590 million naira paid in 2020. Shareholders will receive 1.50 naira per share. […]