Profit statements

CIMB Q4 net profit nearly quadruples to RM854.51m and pays dividend of SR12.55

KUALA LUMPUR (February 28): CIMB Group Holdings Bhd’s net profit for the fourth quarter ended December 31, 2021 (4QFY21) increased nearly fourfold to RM854.51 million from RM214.98 million it a year ago, due to significantly lower provisions. Its revenue for 4QFY21, however, fell 1.68% to RM4.59 billion from RM4.67 billion a year ago, its filing […]

Profit statements

Reviews | The big oil companies are trying to profit from the war in Ukraine

Putin’s tanks had barely crossed the border with Ukraine when the American Petroleum Institute (API) was on Twitter attempt to exploit the crisis. Without even a word of solidarity for the people of Ukraine, API embarked on a series of four demands for the White House, all of which would benefit the industry without bringing […]

Lending markets

Canadian CIBC and National Bank earnings beat estimates on loans and market units

The new logo of the Canadian Imperial Bank of Commerce (CIBC) is seen on a building in Toronto, Ontario, Canada September 27, 2021. REUTERS/Chris Helgren/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register TORONTO, Feb 25 (Reuters) – The Canadian Imperial Bank of Commerce (CIBC) (CM.TO) and National Bank of Canada (NA.TO) […]

Lending markets

CIBC and National Bank earnings beat estimates on loans and market units

Content of the article TORONTO — The Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada comfortably beat analysts’ estimates for quarterly earnings on Friday, helped by growth in loans and fees as well as strength in their capital markets. Content of the article Lenders join Royal Bank of Canada in posting positive […]

Investment reports

Saneh Industrial Investment announces stand-alone net loss of Rs 0.01 crore in December 2021 quarter

Sales declared void Net loss of Saneh Industrial Investment was reported at Rs 0.01 crore during the quarter ended December 2021. There was no net profit/loss reported during the previous quarter ended December 2020. No sales n was reported during the quarter ended December 2021 and during the prior quarter. end of December […]

Profit statements

DRB-Hicom closes FY21 in the red as Q4 profit drops 88% in the absence of windfall gains

KUALA LUMPUR (February 24): DRB-Hicom Bhd closed its financial year ended December 31, 2021 (FY21) in the red, after recording an 88% drop in net profit in the fourth quarter to RM117.47 million against RM985.99 million in the same quarter a year ago. The drop in quarterly profit was due to the fact that the […]

Investment reports

New India Retailing & Investment announces standalone net loss of Rs 0.10 crore in the December 2021 quarter

Sales increase by 9.62% to Rs 0.57 crore New India Retailing & Investment’s net loss was reported at Rs 0.10 crore in the quarter ended December 2021, compared to a net loss of Rs 0.01 crore in the previous quarter ended December 2020. Sales increased increased by 9.62% to Rs 0.57 crore in […]

Profit statements

MSM Malaysia Berhad: PROFIT BEFORE TAX (PBT) RISES 125% TO RM81M FOR FY2021

MSM’S PRE-TAX PROFIT (PBT) HAS INCREASED BY 125% TO RM81M FOR FISCAL YEAR 2021 KUALA LUMPUR, FEBRUARY 22, 2022 – MSM Malaysia Holdings Berhad (MSM) recorded a profit before tax (PBT) of RM81 million for the 12 months ended December 31, 2021 (FY2021), compared to a PBT of RM36 million in the corresponding period from […]

Profit statements

Where Sasol got its improved profit

Sasol’s latest interim results show that the dramatic changes in management of recent years have been successful, with lower debt levels and higher profits, putting its finances on a much better footing than before. a few years old. Earnings before interest and tax rose 12% to R24.3 billion in the six months to December 2021, […]

Profit statements

Freightways makes half-year profit of $43.7 million

Information Management, Freight and Courier Freightways delivered a strong first half, despite challenges posed by Covid-19 lockdowns. Photo: 123RF Key financial data (For the six months ended December 31 over the prior year.) Net income – $43.7 million vs. $21.5 million up 104% Revenue of $442.0 million vs. $410.3 million, up 8% Expenses – $371.4 […]

Profit statements

British bank NatWest returns to profit in 2021

LONDON (AFP) – NatWest bank said on Friday it returned to profit last year as the economy recovered from the pandemic and is expected to benefit from rising interest rates this year. The British public lender said in a statement that net profit reached £2.95 billion in 2021, compared with a loss of £753 million […]

Profit statements

Deere aims for bigger profit as price hikes outpace energy profits

John Deere tractors are for sale at a dealership in Longmont, Colorado, U.S., February 21, 2017. REUTERS/Rick Wilking/File Photo Join now for FREE unlimited access to Reuters.com Register Feb 18 (Reuters) – Deere & Co (DE.N) has raised its full-year profit forecast after reporting better-than-expected quarterly results on Friday, as the world’s largest farm equipment […]

Investment reports

Host acquires 49% of Noble Investment and announces a strong 4Q21 – HOTELSMag.com

During its 4Q21 earnings call on Wednesday, Host Hotels & Resorts announced that it had acquired a 49% stake in long-time respected hotel investor Noble Investment Group, a private equity group that focuses on high-end hotel assets of selected services and extended stays. Seen as a strong diversification strategy for Host, the two companies are […]

Profit statements

Private companies profit as politics infect public health and agencies divide

The Tri-County Health Department currently serves the three counties in which Aurora is located, but Adams and Douglas counties plan to create their own health departments after differing opinions on how best to serve public health . TCHD will continue to serve all three counties, Arapahoe, Douglas and Adams, through 2022.Photo by PHILIP B. POSTON/Colorado […]

Profit statements

MGRC returns to profit in 2Q22

KUALA LUMPUR: Malaysian Genome Resource Center Bhd (MGRC) recorded a net profit of RM1.01 million in the second quarter ended 31 December 2021 (2Q22) compared to a net loss of RM1.55 million in the same period a year earlier. The improved performance was due to its successful penetration into immunotherapy and cell therapy distribution, which […]

Profit statements

Advance Auto Parts Inc. 4Q Reports Rising Sales, Falling Profits

By Denny Jacob Advance Auto Parts Inc. posted higher sales but lower earnings in the fourth quarter as some headwinds eroded improvements in pricing, inventory and proprietary brand expansion. The auto parts salesman reported profit of $81.7 million, or earnings per share of $1.30, compared with net income of $112 million, or earnings per share […]

Profit statements

Youth horticultural projects bring nothing

THE Ministry of Sports, Youth and National Service has revealed that its youth empowerment horticulture projects are not profitable due to a lack of accountability. In 2020, the ministry, through its affiliates, the National Youth Service (NYS) and the National Youth Council (NYC), made available N$1 million to set up greenhouses for horticultural production in […]

Profit statements

ONGC standalone net income in Q3FY22 up 596.7%

New Delhi, February 12 (IANS): Diversified energy giant ONGC on Saturday announced a 596.7% increase in its standalone net profit for the quarter ended December 31, 2021. As a result, third quarter standalone net profit increased to Rs 8,764 crore from Rs 1,258 crore reported in the corresponding period of the previous fiscal year. […]

Profit statements

Celtic report £27.6m profit in interim report amid ‘period of transition’

Celtic report £27.6m profit in interim report amid ‘period of transition’ CELTIC announced a pre-tax profit of £27.6 million in its interim report. The club have shared the six-month financial documents which cover the six months up to December 31 tonight. The document, along with a statement from chairman Ian Bankier, cited fan returns, matchday […]

Profit statements

Atos again issues earnings warning and proposes restructuring

The bad news is linked for Atos after its third financial warning in eight months, this time accompanied by the confirmation that the French integrator will begin to lose interest in “classic infrastructure services” and unified communications in favor of the cloud. The group revised its estimates for sales to fall 2.6% in 2021 to […]

Profit statements

Nordic insurer Sampo’s fourth-quarter profit beats forecasts

The Sampo Group logo is pictured at the company’s headquarters in Helsinki, Finland November 7, 2018. Vesa Moilanen/Lehtikuva via REUTERS Join now for FREE unlimited access to Reuters.com Register HELSINKI, Feb 9 (Reuters) – Finnish financial group Sampo (SAMPO.HE) reported a bigger-than-expected rise in fourth-quarter pre-tax profit on Wednesday, boosted by a strong performance in […]

Profit statements

Nissan raises net profit forecast again despite chip shortage

Nissan’s upbeat outlook comes despite a semiconductor shortage that has hit automakers around the world – Copyright AFP Kazuhiro NOGI Nissan raised its full-year net profit forecast again on Tuesday on the back of strong quarterly results, in a bid to tackle a global chip shortage as it focuses on electric vehicles. The Japanese auto […]

Profit statements

Unilever returns to profit as MTN increases revenue by 45%

RThe results published for the 2021 financial year showed that if Unilever returned to profit, MTN Nigeria increased its revenue by 45%. Analysis of the results of the two companies published this week on the Nigerian Stock Exchange (NGX) indicated that Unilever returned to profitability last year after posting a loss a year earlier. The […]

Profit statements

Only 42% of cannabis companies make a profit – women and minorities are worst off

CasarsaGuru/Getty Images As cannabis businesses become more mainstream, thanks to changing regulations in the United States, “the industry is suffering” and only 42% of respondents are making a profit, according to a new report. See: How rich is Snoop Dogg as he prepares for the Super Bowl LVI halftime show? Find: Cannabis being linked to […]

Profit statements

Capitalism is the “absolute pursuit of profit”, not “redeemable”

While touting economic growth on Friday, Biden said he would work with Congress to make capitalism work better. It comes after AOC told Yahoo Finance that the capitalist system in the United States was “unredeemable”. Biden frequently cites his capitalist beliefs and the benefits the system offers the working class. Loading Something is loading. President […]

Profit statements

Pennymac Financial Services profit drops 31% in fourth quarter

California-based non-bank mortgage lender Pennymac Financial Services saw record loan production last year, but a significant decline in net profits. Reflecting the landscape of higher rates, in the last three months of 2021, the servicing segment brought more returns to the business than production. The company reported net income of $1 billion in 2021, down […]

Profit statements

Siemens Gamesa replaces CEO after three profit warnings

A wind turbine model with the Siemens Gamesa logo in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West/File Photo Join now for FREE unlimited access to Reuters.com Register Siemens Energy’s Eickholt to take over as CEO on March 1 CEO Nauen steps down after series of earnings warnings Frankfurt-listed Siemens Gamesa gains 2.1% in shares MADRID/FRANKFURT, […]

Profit statements

NJ community arts nonprofit will move to a new location this spring

Flemington DIY has announced that it will be moving to a new location, 29 Stangl Road, in early spring. “(Flemington DIY) is a community art space hosting live music for film screenings, classes and workshops, art exhibits and community discussions,” said the co-founder and executive director. Jeff Hersch at NJ Advance Media. Established in May […]