Profit statements

Singapore bank OCBC’s second-quarter profit jumps 28%, optimistic about outlook

A woman walks past an OCBC signage in Singapore March 31, 2022. REUTERS/Caroline Chia Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 3 (Reuters) – Singapore’s second-largest lender, Oversea-Chinese Banking Corp Ltd (OCBC) (OCBC.SI), reported a stronger-than-expected 28% rise in quarterly profit and presented strong outlook as rising interest rates pushed net […]

Profit statements

ITC Q1 net profit up 33.4% to ₹4,462.25cr, revenue up 39%

“The outlook for a favorable monsoon, the recent moderation in major commodity prices bodes well for a sustained economic recovery and a pick-up in consumer spending” “The outlook for a favorable monsoon, the recent moderation in major commodity prices bodes well for a sustained economic recovery and a pick-up in consumer spending” ITC Ltd. on […]

Profit statements

KIB reports net profit of KD 3.2 million in the first half – ARAB TIMES

WhatsApp Facebook Twitter E-mail Messenger This post has been read 1824 times! KUWAIT CITY, July 30: Kuwait International Bank (KIB) has announced its financial results for the first six months of this year, ending June 30, 2022; where the Bank realized a net profit attributable to shareholders of KD 3.2 million, achieving a growth of […]

Profit statements

Wema Bank impresses with 42% increase in half-year profit

By Dipo Olowookere The first six months of 2022 have been very good for Wema Bank despite the difficult operating environment caused by inflationary pressures, high energy costs, foreign exchange (FX) crisis and others. The lender, which prides itself on pioneering Africa’s first all-digital bank, has shown resilience, affirming the effectiveness of the strategies deployed […]

Profit statements

Intel Profits Plunge as We Stopped Buying All Those PCs

With the COVID spending spree on PCs In the end and with consumers spooked by inflation and a deteriorating economy, Intel’s profits and revenue plunged in the second quarter, the chipmaker said Thursday. Intel’s own issues, such as quality issues with the chips that fill tech giants’ data centers, were also a major factor. The […]

Profit statements

On appeal, lawyers for Strauss victims say OSU shouldn’t profit from ‘deception’

Lawyers representing victims of decades of sexual abuse by an Ohio State University doctor asked a federal appeals court on Tuesday to overturn a judge’s dismissal of their lawsuit against the school. Last year, U.S. District Judge Michael H. Watson dismissed a Title IX lawsuit brought by the victims against the university, ruling that the […]

Profit statements

BUA Cement increases profit by 41.40% to 61.364 billion naira in H1 2022, drops idea of ​​raising capital to expand Kalambaina plant, others – WorldStage

WorldStage Newsonline– BUA Cement Plc, Nigeria’s largest cement producer, has released its Statement of Profit or Loss and Other Comprehensive Income for the six months ended June 2022 with a 41.40% increase in profit after tax from 61.364 billion naira vs. 43.396 billion naira in half (H1) 2021. H1 revenue increased to N188.562 billion from […]

Profit statements

RIL profits jump on high refining margins

NEW DELHI : Reliance Industries Ltd reported a 46% jump in quarterly profits, helped by strong refining margins, but fell short of analysts’ expectations due to soaring input costs. Profits from India’s Most Valuable Company Hit ₹17,955 crore for the three months ended June 30 from ₹12,273 crore, but missed the average profit estimate of […]

Profit statements

Nokia 2Q earnings beat expectations on strong 5G demand

HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported second-quarter profit that beat analysts’ expectations on strong demand for 5G technology from telephone carriers and improving the competitiveness of its main business units. The Espoo-based company posted a net profit of 585 million euros ($597 million) for the April-June period, up from […]

Profit statements

Abortion-inducing corporations – Pro-woman or pro-profit?

It used to be sad enough that many companies covered abortion in their health plan, but now at least 56 companies have expanded their benefits to include abortion-related travel expenses. Following the Dobbs v. Jackson Women’s Health Supreme Court decision, several large employers announced travel reimbursements to states where abortion will remain legal, and the […]

Profit statements

Swiss investment group GAM issues earnings warning

Swiss investment group GAM issued a profit warning and blamed a volatile market environment for suffering a heavy accounting loss in the first half of 2022. The Zurich-based company said on Monday it expects to report an underlying pre-tax loss of around 275 million Swiss francs ($282 million) for the first six months of the […]

Profit statements

Bank Muscat posts net profit of OMR 99.26 million

Muscat: Bank Muscat, the Sultanate’s flagship financial institution, has announced its preliminary unaudited results for the six months ended June 30, 2022. The bank recorded a net profit of OMR 99.26 million for the period, compared to OMR 94.65 million reported during the same period in 2021, an increase of 4.9%. The main highlights of […]

Profit statements

Wells Fargo earnings slump on rising loan loss reserves and weak mortgages

A Wells Fargo logo is seen in New York, U.S. January 10, 2017. REUTERS/Stephanie Keith Join now for FREE unlimited access to Reuters.com Register July 15 (Reuters) – Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to cover potential loan losses, while its mortgage […]

Profit statements

JMI Hospital breaks rules by not clarifying quarterly profit jumps

JMI Hospital and Requisite Manufacturing Limited reported more than twice their earnings for the third quarter of fiscal 2021-22. But the medical equipment supplier has failed to clarify the sudden growth to its investors, a breach of securities rules, sources at the stock market regulator said. A senior Bangladesh Securities and Exchange Commission (BSEC) official […]

Profit statements

Young pilot’s parents launch nonprofit after son’s death in Tosa plane crash

BROOKFIELD, Wis. – A new non-profit organization is launched in memory of Brookfield pilot Daniel Perelman, 18, who died days after his plane crashed in Wauwatosa on May 26. His parents tell TMJ4 News that the community’s response to the tragedy involving their son inspired them to carry on Daniel’s legacy in a special way. […]

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How Pfizer won the pandemic, reaping outsized profits and influence | Local News

The crushing two years of the pandemic have generated outsized benefits for one company – Pfizer – making it both highly influential and hugely profitable as covid-19 continues to infect tens of thousands of people and kill them. kill hundreds every day. Its success in developing covid drugs has given the drugmaker unusual clout in […]

Profit statements

State Bank hits solar imports with new restrictions

CARACHI: He landed like a bomb. On July 5, the State Bank of Pakistan (SBP) updated its list of products for which “prior clearance” will be required and LCs can be opened for their import. Among the products added to the list – solar panels, inverters and batteries. The requirement had been in place since […]

Profit statements

When supporting a nonprofit, how do you review them?

Share this article Companies in this article Last month, Riot Games released its 2021 Social Impact Report, which indicates that its social impact fund has, to date, supported more than 400 nonprofit organizations in 25 countries. The philanthropic fund was originally announced in 2019, building on the work of fundraiser Dawnbringer Karma, which raised $6 […]

Profit statements

Steward Bank operating profit up 73%

BY FREEMAN MAKOPASteward Bank delivered strong financial performance for the full year to 28 February 2022, with net operating income up 73% to ZW7.5 billion from ZW4.4 billion ZW dollars the previous year. Pre-tax profit more than doubled. The bank thwarted the country’s deteriorating economic conditions, marked by high inflation and the depreciation of the […]

Profit statements

Balancing benefits and sustainability can appeal to customers

Eighty-four percent of the entire UK population still have banks with the seven major high street banks, which include the ‘big four’ clearing banks: Barclays, Lloyds, HSBC and NatWest. These data, published in a recent Bank of England (BoE) report, show the highly concentrated nature of the UK banking market, Andrea De Gottardo, CEO of […]

Profit statements

Betfred’s 2021 profits decimated by betting store closures

Betfred Group Limited has filed its annual report and consolidated financial statements for the period ended 26 September 2021, to reveal the significant impact of the coronavirus-related closures on its betting shops. Key performance indicators For the 12 months ended September 26, 2021, Betfred generated £6.999 billion ($8.398 billion) in wagered amounts to register an […]

Profit statements

H&M reports more price hikes and beats profit expectations with fewer discounts

Budget fashion group H&M plans to raise prices further this year, it said on Wednesday after reporting better-than-expected profits with margins benefiting from fewer discounts. In the first half of the year, H&M raised prices in the face of rising transport and raw material costs, and chief executive Helena Helmersson told […]

Profit statements

Jefferies 2Q revenue and lower earnings due to capital market headwinds

By Kathryn Hardison Jefferies Financial Group Inc. reported lower revenue and a slump in second-quarter earnings as it faced a challenging environment in capital markets. The New York-based company posted earnings of $114 million, or 45 cents per share, compared with $352.6 million, or $1.30 per share, a year earlier. Analysts polled by FactSet had […]

Profit statements

Popular restaurant owner charged with embezzlement from non-profit organization

BRIDGEPORT, W.Va (WDTV) – A popular restaurant owner in Marion County is accused of stealing money from a local nonprofit. 5’s John Blashke dug this story today, it’s a report you’ll only see on 5 news. Sara Reel is the owner of “Baby B’s BBQ” in Mannington, a community staple for years. Reel and her […]

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province to oppose Maritime Electric’s ‘guaranteed profit’ increase | The Eastern Graphic

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Profit statements

HAGL Earnings Hit Over $18.5 Million in First Five Months

VIETNAM, June 21 – Workers wrap plastic around bunches of bananas. Photo hagl.com.vn HÀ NỘI — Hoàng Anh Gia Lai JSC (HoSE: HAG) has just announced its business results for the first five months of the year with three main sectors: livestock, fruits and support businesses. As a result, he declared a turnover of VN326 […]

Profit statements

Refiners deny profit count

Refiners deny profit count Calculation made in error, says club Vehicles refuel at a PTT petrol station in Pathum Thani as retail oil prices continue to rise. (Photo: Apichit Jinakul) The Petroleum Refining Industry Club, a unit of the Federation of Thai Industries, insisted that the current gross refining margin (GRM) was reasonable, refuting the […]

Profit statements

Back to the same problem: ASOS downgrades earnings forecast

ASOS is the latest retailer to highlight the real problem of high return rates while warning of … [+] a hit to profits. (Photo by JUSTIN TALLIS/AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images) AFP via Getty Images ASOS is the latest retailer to highlight the real problem of high return rates while warning of […]

Profit statements

Young children exposed to sneaky ads and profiteering tactics in apps

ANN ARBOR – The majority of games and apps used by preschoolers contain ads and are designed to take advantage of their digital experiences, according to new research from the University of Michigan. The researchers said that children from low-income homes and whose parents have little education are more likely to use apps that use […]

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Can Tron (TRX) and RoboApe (RBA) Profit During Crypto Price Drops?

Over the past seven months, the cryptocurrency market experienced high levels of volatility. This latest round of price drops has seen a drop of over 60% for some major coins. How to make money when the market is down Although digital finance has become a favorite for many and investors have started to trust crypto […]

Profit statements

Web Summit returned to profit last year after Covid hit in 2020

Businessman Paddy Cosgrave’s Web Summit Group last year returned to profit after suffering a financial blow during Covid-19. Accounts for 2021 accounts filed by Manders Terrace Ltd – which became available on Wednesday – show the group has returned to profit after last year’s revenue rose by 14.45 million euros to 31.8 million euros during […]

Profit statements

Oracle’s revenue and best profit estimates on the cloud boom

June 13 (Reuters) – Oracle Corp beat Wall Street estimates for quarterly profit and revenue on Monday as demand for its cloud products soars amid transition at scale industry to cloud-based platforms. Shares of the Austin, Texas-based company, whose fourth-quarter revenue jumped 5%, rose about 12% in extended trading. “We believe this spike in revenue […]

Profit statements

Meta and Instagram hit with 8 lawsuits for “exploitation of young people for profit”

Meta Platforms, the parent company of Facebook and Instagram, faces eight new lawsuits after lawyers at law firm Beasley Allen filed a series of complaints this week accusing the company of exploiting young people for profit. The complaints also accuse Meta of employing additive psychological tactics to get people to use their platforms more frequently […]

Profit statements

ATP includes expanded tournaments, profit sharing

LONDON (AP) — The ATP men’s professional tennis tour announced reforms Thursday that include expanding five Masters 1000 events and sharing profits 50-50 between players and tournaments starting next year. The changes approved by the ATP board also include an increase in prize money, all the result of more than two years of negotiations. The […]

Profit statements

TraceSafe Inc Reports Strong Increase in First Quarter Gross Profit

TraceSafe Inc. (CSE:TSF) said its gross profit in the first quarter of the year was $0.9 million, a 481% increase over the year-ago period, thanks to the growth of its higher revenue margin stream. The company also said it recognized $1.3 million in Q1 2022 revenue. “The results are in line with last year’s revenue […]

Profit statements

GCC-listed companies hit record $65.4 billion profit in first quarter, Saudi companies lead

Focus on China — Yuan calms down; resumption of exports and imports of the Asian giant in May; US-listed Chinese tech stocks rise BEIJING (Reuters) – The Chinese yuan eased from a month-long high against the dollar on Tuesday, under pressure from strong greenback strength, as some investors gauged the pace of the economic recovery […]

Profit statements

GCB Bank posts pre-tax profit of GH¢831.9 million

Share this with more people! GCB Bank PLC says it is focused on accelerating its digital capabilities as a key driver to dominate the industry and create shareholder value. Chairman of the Board, Mr. Jude Arthur, told shareholders at the 28th Annual General Meeting (AGM) that the future of banking and other businesses in general […]

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The profit of the CMA CGM Group in the 1st quarter of 2022 reaches 8.9 billion dollars

The CMA CGM Group announced a 70% increase in revenue to $18.2 billion for the first quarter of 2022 and a near tripling of its EBITDA to $8.9 billion, thanks to transport activities . The group carried 5.3 million TEUs, down 2.8% from last year, but an average revenue per TEU of $2,800 saw shipping […]

Profit statements

Bulgarian company Telelink in Q1 vs net profit down 77% YoY, revenue plummets

SOFIA (Bulgaria), June 3 (SeeNews) – The Bulgarian group Telelink Business Services, or TBS Group, [BUL:TBS] said its consolidated net profit fell to 1.15 million levs ($632,630/588,000 euros) in the first quarter from 4.96 million levs in the same period last year, mainly due to a decline in sales of goods and services. The company’s […]

Profit statements

Single-family rental profit margins are starting to shrink in more expensive markets – Business Observer

The The single-family residential industry has grown by leaps and bounds, spurred by rapidly rising rents due to rising house prices. However, a report by real estate data firm ATTOM shows that profit margins on three-bedroom single-family home rentals shrank in the first quarter of 2022 as higher construction and acquisition costs outpace rents on […]

Profit statements

FBN Holdings recorded profit of N166.7 billion in 2021 – The Sun Nigeria

By Chinwendu Obienyi NBF Holdings announced that its profit before tax (PBT) increased by 99% from 83.7 billion naira in 2020 to 166.7 billion naira in 2021. According to the bank’s financial statements, gross profit increased by 28.2% from N590.7 billion to N757.3 billion, while its profit after tax (PAT) increased by N99.9. % to […]

Profit statements

Hindustan Copper posts net profit of Rs 89 crore in Q4 FY22

State-owned Hindustan Copper on Saturday reported a consolidated net profit of Rs 89 crore for the fourth quarter of the 2021-22 financial year, compared to a loss of Rs 37 crore a year ago. Revenue from operations in the quarter under review was Rs 545 crore, up from Rs 522 crore in the corresponding period […]

Profit statements

Quess Corp Q4 earnings at Rs 77 cr

Business services provider Quess Corp on Friday announced a profit of Rs 77 crore for the March quarter 2021-22. The company had incurred a loss of Rs 58 crore in the period a year ago, Quess Corp said in a statement. Operating revenue jumped to Rs 3,792 crore from Rs 3,005 crore in the […]

Profit statements

Is JD Vance profiting from Russian propaganda?

In the U.S. Senate race from Ohio, Democratic Rep. Tim Ryan ran an ad slamming Republican JD Vance as being on the wrong side of Russia’s war in Ukraine. The ad opens with a video of a February 19 interview Vance shared on Twitter in which he said, “I don’t care what happens with Ukraine.” […]

Profit statements

Vodafone reports higher annual profit – Business & Finance

LONDON (Reuters) – British telecoms giant Vodafone posted higher annual net profit on Tuesday on the back of higher sales and lower taxes, a day after it revealed an Emirati company had become its biggest investor. Profit after tax jumped to nearly 2.1 billion euros ($2.2 billion) in the year ended March, Vodafone said in […]

Profit statements

IndiGrid investment trust’s net profit in March jumped 45% to Rs 99.80 cr

Infrastructure investment trust IndiGrid posted an increase of more than 45% in its consolidated net profit to Rs 99.80 crore in the March quarter, mainly on the back of higher revenues. Consolidated net profit of India Grid Trust (IndiGrid) was Rs 68.69 crore in the quarter ended March 31, 2021, according to […]

Profit statements

Godrej Consumer Q4 net profit declines slightly to Rs 363 crore

On Thursday, local FMCG giant Godrej Consumer Products Ltd (GCPL) reported a marginal decline in consolidated profit after tax to Rs 363.24 crore for the fourth quarter ended March. The company had posted a consolidated profit after tax of Rs 365.84 crore in the prior year period, GCPL said in a regulatory […]

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St. Paul nonprofit agrees to remedy after Minnesota attorney general’s office files injunction

A Minnesota nonprofit group set up to help refugees is accused of deceptive fundraising, failing to keep proper financial records and letting a multi-million dollar property fall into disrepair. Court filings filed last week paint a troubling picture of the Minnesota Cameroon Community (MINCAM). The St. Paul-based nonprofit agreed to a long list of remedies […]

Profit statements

Agostini’s profit jumps 49.5% | Local company

AGOSTINI’s Ltd yesterday reported earnings attributable to its shareholders of $105.55 million for the six months ended March 31, 2022, up 49.5% from the comparable period in 2021. The company, which is listed on the Trinidad and Tobago Stock Exchange, posted revenue of $2.1 billion, up 19.73% from the six-month period ended March 31, 2021. […]

Profit statements

How do grocery stores make money with low profit margins?

This is just one of the stories in our “I’ve Always Wondered” series, where we tackle all your business questions, big or small. Have you ever wondered if recycling is it’s worth it? Or how store brands pile up against brand names? Discover more of the series here. Auditor William from Buffalo, New York asks: […]

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SABIC profit up 33% on higher prices and volumes

A man walks past the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh, Saudi Arabia October 27, 2013. REUTERS/Faisal Al Nasser Join now for FREE unlimited access to Reuters.com Register DUBAI, May 12 (Reuters) – Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemical companies, beat expectations on Thursday with a 33% […]

Profit statements

GlobalFoundries Generates Record Profits and Revenues

Contract chipmaker GlobalFoundries Inc. is up today as its stock rose more than 4% in extended trading after reporting first-quarter earnings and earnings that beat analysts’ forecasts as a he’s taking advantage of the ongoing shortages in the industry. The company reported earnings before certain costs such as stock-based compensation of 42 cents per share […]

Profit statements

China Airlines extends momentum, reports first quarter profit

Taipei, May 10 (CNA) China Airlines (CAL), one of Taiwan’s major international airlines, reported net profit for the first quarter of 2022, continuing the momentum it built in 2021 by taking advantage of the high demand for air cargo services. In a statement on Monday, CAL reported net profit of NT$3.072 billion (US$103 million), or […]

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Net profit jumps 29.72% to 12.22 cr, revenue up

Shanthi Gears Ltd reported a 29.72% increase in profit for the quarter ending March 31, 2022 to Rs 12.22 crore, the company announced on Sunday. The Tamil Nadu-based company and a group company of the diversified conglomerate Murugappa Group had recorded net profits of Rs 9.42 crore in the corresponding period last year. For the […]

Profit statements

Unity Bank’s annual profit stands at N3.33 billion

Unity Bank Plc reported a pre-tax profit of N3.33 billion in the financial year ending December 2021. The figure indicates a 49.9% increase from the 2.22 billion naira recorded in 2020. In its 2021 annual result filed with the Nigeria Exchange Group (NGX), the bank also posted an 8.1% growth in gross revenue to N50.28 […]

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Airline group AIG expects to return to profit this year as passenger numbers rise

Airline group AIG reported an increase in passenger numbers in the first three months of the year as pandemic-related restrictions eased and business travel rebounded. Chief executive Luis Gallego said the group expects to return to profit in the second quarter and for the full year. In its consolidated results for the year to March […]

Profit statements

Britannia Industries’ fourth quarter net profit increases 5%

Bengaluru: FMCG Britannia Industries said on Monday that its consolidated net profit for the quarter ended March 31, 2022 rose 5% year-on-year to Rs 377.95 crore from Rs 360.07 crore recorded in the period. corresponding to the previous year. The company’s revenue jumped 15.5% to Rs 3,508 crore in the January to March quarter of […]

Profit statements

IDFC First Bank’s fourth quarter profit increases 168% year-on-year

Mumbai: IDFC First Bank said on Saturday that its net profit for the quarter ended March 2022 jumped 168 percent year-on-year to Rs 343 crore from Rs 128 crore in the corresponding period last year. The bank’s profit in the quarter was driven by strong growth in core operating income and lower provisions. For the […]

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Six of seven new defense companies created from OFB report interim profit

The ministry said that soon after their establishment, these companies were able to secure domestic contracts and export orders. The ministry said that soon after their establishment, these companies were able to secure domestic contracts and export orders. Six of the seven new defense companies created by the corporatization of the Ordnance Factory Board (OFB) […]

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GGRAsia – Negative LVS Macau EBITDA 1Q, group profit on sale in Nevada

LVS negative Macau EBITDA 1Q, group profit on sale in Nevada April 28, 2022 news desk Breaking News, Macau, Singapore, Top of the Bridge   Macau casino operator Sands China Ltd returned to negative adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in the first quarter and generated a net loss of $336 […]

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Chipotle Revenue: Sales and Profits Rise Despite Inflation as It Adds Locations

Chipotle Mexican Grill said Tuesday that its profits and revenue increased as it opened new locations and increased sales in the first quarter. The fast-food chain said its same-store sales were up 9% year-over-year and it opened 51 new restaurants. Chief Executive Brian Niccol said in a statement that “the company’s first quarter performance was […]

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GGRAsia – Casino cash payment technology provider Crane posts $105 million in Q1 profit

Casino cash payment technology provider Crane posts $105 million in first-quarter profit April 26, 2022 news desk Industry Discussions, Latest News, World   Crane Co, a provider of products and services to industries such as cash handling in the casino industry, posted a net profit of $105.0 million in the first quarter. That profit […]

Profit statements

Sundram Fasteners reports fourth quarter standalone net profit at Rs 71.41 cr

: Sundram Fasteners Ltd., engaged in the manufacture of automotive components, said on Saturday that standalone net profit was Rs 71.41 crore for the fourth quarter ending March 31, 2021. The city-based TVS Group company had recorded a standalone net profit of Rs 130.02 crore in the corresponding quarter of the previous […]

Profit statements

Pakistan Refinery Profits Surge More Than 9x in Q3FY22

KARACHI: Pakistan Refinery Limited (PRL) on Thursday announced a record 931% increase in net profit for the third quarter of this fiscal year on the back of increased sales. In a statement to the Pakistan Stock Exchange (PSX), the company announced a net profit of 5.529 billion rupees for the quarter ended March 31, compared […]

Profit statements

Tanzania: NIC profits double as general coverage soars

NATIONAL Insurance Corporation’s (NIC) pre-tax profit more than doubled, largely due to general insurance portfolio proceedings. NIC, the public insurance company, said in its financial statements that pre-tax profit fell from 33.65 billion/- earned for a year ending June 2020 to 73.1 billion/- last June. General insurance earned a pre-tax profit of 64.97 billion/- compared […]

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Saudi lender Bank Albilad posts 25% growth in first-quarter profit

Focus on Egypt—Suez Signs $3 Billion Green Power Deal; IMF revises growth outlook upwards CAIRO: Egypt is making efforts towards a green economy, working with media company CNN to highlight its sustainable development and signs a $3 billion deal to produce green energy. On another note, the International Monetary Fund has revised the North African […]

Profit statements

Woodbois Ltd further increases profit margins and container shipments in Q1

Woodbois Ltd (AIM:WBI), which turned profitable last year, said it continued to increase profit margins this year and expects to generate more and more cash. In a first quarter business statement, the Africa-focused sustainable forestry company also announced a management reorganization. Executive Chairman Paul Dolan will return to his role as Chief Executive Officer, Federico […]

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Saudi telecommunications firm Zain’s net profit jumps 98% to $22 million in the first quarter on higher revenue

RIYADH/LONDON: A Riyadh-based technology company is bolstering the Kingdom’s armed forces and is placing increasing emphasis on military localization and intellectual property development. In just over a year, Interstellar Solutions, an ambitious technology company under the umbrella of venture capital firm RAZ Holding Group, has acquired several contracts for an integrated defense management system that […]

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Government urged to involve businessmen in policy-making

The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to involve the private sector in the consultation process and develop policies after getting their input to pull the economy out of the current challenges. In a statement, ICCI Chairman Muhammad Shakeel Munir also assured the Prime Minister that the business community would […]

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Goldman Sachs wealth management drives earnings down as M&A wave wanes

Goldman Sachs Group Inc reported a 43% drop in earnings, but beat Wall Street expectations as strong performance in wealth management and lower costs cushioned the blow from weak activity on capital markets. The bank has taken steps under Chief Executive David Solomon to diversify its revenue streams and earn more from predictable sources such […]

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Vancouver-based nonprofit to host gala in support of women’s education

A Vancouver-based nonprofit is hosting its annual fundraising gala for women’s education next week, and guests can expect an exciting and uplifting evening. One Girl Can, an organization that provides girls in Africa with the opportunity to realize their dreams through education, is hosting the eighth annual IWANTtoBE on Tuesday, April 19 at the Commodore […]

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OmniBSIC Bank records its first profit

OmniBSIC Bank has turned losses into profitability for the first time since its merger in 2019. The bank recorded a gross profit of GH¢8.69 million in the first quarter of this year, compared to a loss of GH¢9.27 million in the same period of 2021. The bank’s unaudited financial statements for the first quarter of […]

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Cathy O’Neil: “Big Tech Uses Shame to Profit from Our Interactions” | Psychology

VSathy O’Neil is a writer, mathematician and best-selling author Weapons of mathematical destruction, which won the Euler Book Prize. His latest book is The Shame Machine: Who Benefits from the New Age of Humiliation?, which examines the ways in which shame is manufactured and exploited in a range of industries, including prisons, welfare systems and […]

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Unacademy set to lay off 600 employees to focus on profit

Education technology platform Unacademy will terminate the employment of nearly 600 employees, contractors and educators — about 10% of its 6,000 employees — to focus on generating profits by the end of the fourth quarter ( T4) of this year in its core business. The online education platform said it discussed and parted ways with […]

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Local non-profit group tries to stop construction of new hog plant in Sioux Falls

SIOUX FALLS, SD (Dakota News Now) – Is it coming? It’s the phrase a new nonprofit group is using to express its efforts to stop construction of a new $600 million pork processing plant in northeast Sioux Falls. Locally owned Wholestone Farms – whose chairman of the board insists the facility will not look and […]

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Drug manufacturing and consumer segment pushes GSK profit to N658m

Fast-moving Nigerian consumer goods company, GlaxoSmithKline (GSK) recorded increased profits in its consumer healthcare and pharmaceutical businesses in 2021, bringing its profits to N658 million. According to BusinessDay findings, the pharmaceutical company saw its profits jump to 658.8 million naira in December 2021, a slight increase of 6% from 622 million naira in December 2020. […]

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Jibe of Akhilesh Yadav in BJP

New Delhi: In an attack on the Center, Samajwadi party leader Akhilesh Yadav on Tuesday said he hit the BJP and said the BJP was no longer a party, it had become a business now. A company that recovers “increasing costs” from people without reducing its own profits. Taking to Twitter on India’s rising prices, […]

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Vietjet says it posted a profit in the fourth quarter

(PHOTO: Vietjet) Vietjet Aviation released its financial statements for the fourth quarter of 2021, reporting a consolidated after-tax profit of VND100 billion (approximately US$4.4 million), which saw an increase from the 2020s. Although the aviation industry continued to suffer setbacks due to the COVID-19 pandemic in 2021, it has shown signs of recovery since late […]

Profit statements

Aercap makes a profit of 895 million euros for the “milestone” 2021

Aircraft rental giant Aercap made a profit of 895 million euros last year, figures showed on Wednesday. The Dublin-based company, which buys planes from manufacturers such as Airbus and Boeing and leases them to airlines around the world, last year bought rival GE Capital Aviation Services for 25 billion euros. Aercap released results on Wednesday […]