Profit statements

Lincoln Pharma reports 57.85% increase in standalone net profit to Rs 23.74 crore in Q2 FY23

Lincoln Pharma reported net profit for the quarter ending September 30, 2022 at Rs 23.74 crore compared to net profit of Rs 15.04 crore in Q1 FY23, a growth of 57.85%. Total operating income for the quarter ending September 2022 stood at Rs 146.30 crore, up 12.54% from FY23 first quarter total operating income of […]

Profit statements

LDI crisis will hit L&G’s DB revenues and profits by £10m

Legal & General has revealed that its defined benefit revenue and profit will be hit by around £10m in its full year 2022 results. DB plans scrambled to find cash following September’s ‘mini’ budget, which promised deep unfunded tax cuts and precipitated a deterioration in markets. According to the Pensions Regulator, around 60% of schemes […]

Profit statements

Tabreed’s net profit climbs on growing international presence – News

Revenues over 9 months increased by 13% to reach MAD 1.66 billion; The third quarter saw changes to foreign ownership limits and the signing of a major new deal in Egypt The company added 48,106 tonnes of refrigeration (RT) new customer connections with load additions of 28,403 RT in the United Arab Emirates, 19,203 RT […]

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Kamloops filmmakers create non-profit organization to encourage industry growth | infonews

FILE PHOTO – A local film production crew working on set for a film called A Private Affair in West Kamloops last summer. (SHANNON AINSLIE / iNFOnews.ca) 12 November 2022 – 10:27 A new film company is focused on creating opportunities for interior filmmakers. The […]

Profit statements

Yang Ming posts 2.1% drop in net profit

By Kao Shih-ching / Staff Reporter Yang Ming Marine Transport Corp (陽明海運) yesterday reported a 2.1% drop in net profit to NT$49.75 billion ($1.56 billion) for the third quarter of this year, marking the result quarterly lowest this year. In a statement, the company attributed the year-over-year decline to soaring inflation, Russia’s invasion of Ukraine […]

Profit statements

Westpac drops out as CEO raises cost projection, signals uncertainty

(Bloomberg) – Shares of Westpac Banking Corp. fell the most since June after CEO Peter King said costs would be higher than expected in 2024 amid inflation and economic uncertainty. Bloomberg’s Most Read The stock fell 3.6% on Monday morning in Sydney after full-year profit hit analysts’ estimates. Westpac has raised its 2024 cost target […]

Profit statements

ABFRL’s second quarter net profit increased fivefold to Rs 29.44 crore; 50% higher revenue at Rs 3,074.61 crore

Madura Fashion & Lifestyle revenue increased by 45.51% and Pantaloons revenue increased by 64.41%. New Delhi: Aditya Birla Fashion and Retail announced on Friday that it had quintupled its consolidated net profit to Rs 29.44 crore in the second quarter of FY23, driven by strong festive sales and steady performance of e-commerce channels. The company […]

Profit statements

Manali Petrochemicals reports second quarter standalone net profit at Rs 11.71 crore

Petrochemical manufacturing company Manali Petrochemicals Ltd reported an after-tax (PAT) autonomous profit of Rs 11.71 crore for the second quarter ending September 30, 2022, the company said on Wednesday. The Singapore-based company, part of AM International, had reported a standalone PAT at Rs 119.62 crore in the corresponding quarter of the previous year. Own-source […]

Profit statements

Japanese carrier ANA Holdings posts half-year profit, raises full-year target

TOKYO, Oct 31 (Reuters) – Japan’s largest airline ANA Holdings Inc (9202.T) posted a half-year profit on Monday and raised its full-year profit target as an easing of COVID-19 border measures promote a recovery trips request. ANA raised its operating profit forecast to 65 billion yen ($440 million) for the 12 months to March 31, […]

Profit statements

Eni Profit beats estimates | Rigzone

Eni SpA’s profit remained strong in the third quarter, beating estimates despite lower oil and gas prices. The Italian giant follows Shell Plc and TotalEnergies SE, which this week extended a series of historically high profits. The performance offers better returns for investors, while keeping the industry in the crosshairs of governments around the world […]

Profit statements

Masraf Al Rayan announces net profit of QR 1.36 billion over nine months

HE Sheikh Mohammed bin Hamad bin Qassim Al Thani, Chairman of the Board of Masraf Al Rayan Doha: Masraf Al Rayan yesterday released his consolidated financial statements for the nine-month period ended September 30, 2022 with a net profit attributable to shareholders of the bank of QR 1.36 billion. The Bank’s total revenue reached QR […]

Profit statements

UBS posts higher profit in the third quarter, helped by new money inflows

ZURICH, Oct 25 (Reuters) – UBS (UBSG.S) posted a weaker-than-expected 24% drop in third-quarter net profit, with robust customer inflows and lower costs helping to cushion the impact turbulent financial markets. The Swiss bank attracted $17 billion in fee-earning net new assets in wealth management and $18 billion in net new assets in asset management, […]

Profit statements

Hyundai Motor’s third-quarter net profit drops 3%, well below estimates

Redesigns with benefits, revised vehicle sales forecasts SEOUL, October 24 (Reuters) – Hyundai Motor Co of South Korea 005380.KS raised its full-year revenue and profit margin forecast on Monday, betting on strong sales of luxury models and sport utility vehicles and a slump in the local currency after a lackluster third quarter . But in […]

Profit statements

European battery makers launch non-profit ‘Upcell’

The “Upcell – European Battery Manufacturing Alliance” non-profit organization was recently founded in Paris. The members and partners have set themselves the task of building a European value chain for batteries and thus accelerating the transition to electromobility. To that end, the non-profit organization, led by Claude Laperière, will in future be involved in projects […]

Profit statements

Meezan Bank’s third-quarter profit jumps 64% to 11.6 billion rupees

KARACHI: Meezan Bank Limited (MEBL), the country’s largest Islamic bank, reported a 64% rise in third-quarter net profit on Wednesday, helped by an increase in bank revenue. In a statement to the Pakistan Stock Exchange, the bank reported net profit of 11.619 billion rupees for the third quarter which ended September 30, compared to 7.067 […]

Profit statements

Lufthansa raises 2022 profit outlook due to strong demand for air travel

BERLIN, Oct 17 (Reuters) – Lufthansa (LHAG.DE) on Monday raised its full-year adjusted operating profit forecast to more than 1 billion euros ($980.40 million) , boosted by strong demand for air travel that continued its post-COVID recovery. The company previously forecast adjusted operating profit (EBIT) of more than 500 million euros. Preliminary third-quarter results indicate […]

Profit statements

Bank Muscat’s profit reaches RO148 million in the first nine months of 2022

Muscat – Bank Muscat, Oman’s largest financial institution, recorded a net profit of RO148.29 million for the first nine months of this year, compared to RO140.16 million reported in the same period of 2021, registering a year-on-year increase of 5.8 percent. hundred. The bank on Thursday announced its preliminary unaudited financial results for the nine […]

Profit statements

BA owner IAG’s summer earnings beat expectations, no weakness in forward bookings

Oct 13 (Reuters) – British Airways owner IAG (ICAG.L) reported better than expected results for its key summer period due to strong demand and prices and said future bookings showed no sign of weakness, sending its shares soaring as much as 10%. The company, which also operates airlines Iberia, Vueling and Aer Lingus, said it […]

Profit statements

Cedar Rapids non-profit cares for dog who was shot in the mouth | Top Stories

CEDAR RAPIDS, Iowa (KWWL) — Critter Crusaders received Ashland last week after she was shot in the face while tending to her puppies. The nonprofit Cedar Rapids released a statement on her recovery, saying, “She looks perfect on the outside. No animal deserves to be intentionally harmed. We’re going to do this horrible wrong, again. […]

Profit statements

Robert Walters PLC sees full-year profit in line after 18% growth in net charges in third quarter

Robert Walters PLC (LSE:RWA) reported a “good” performance for the third quarter to the end of September with net commission income up 18% on growth in all forms of recruitment, although it noted that the global economic context is becoming increasingly uncertain. The specialist professional staffing firm said it expects 2022 earnings to be in […]

Profit statements

Saudi Arabia’s Almarai Reports 13% Increase in Third Quarter Profits on Higher Revenues

Saudi Arabia’s Almarai, the Middle East’s largest dairy company, reported a more than 13% increase in net profit in the third quarter on the back of higher revenues, as the Arab world’s largest economy continues to grow. recover from the slowdown induced by Covid-19 . Consolidated profit attributable to shareholders for the three-month period ending […]

Profit statements

SMALL CAP MOVERS: Watkin Jones slumps after earnings warnings; Joules rebounds 50%

I was watching the second series of Industry, the BBC’s drama about young people working in the city’s pressure cooker environment – mainly to see if this fictionalized account of events in the Square Mile gelled with reality (this it’s not the case). Still, it’s an entertaining adventure, which made me laugh when Harper, one […]

Profit statements

Share price tumbles as Next issues profit warning

Retail giant Enderby Next’s share price fell sharply this morning after the company issued a profit warning. In early trading this morning (September 29), Next’s share price was down more than 10% to £47.69, from an opening price of just over £50. Earlier this morning, Next lowered its full year profit forecast due to the […]

Profit statements

Appeals court blocks California ban on for-profit prisons

A broader panel at the 9th U.S. Circuit Court of Appeals again blocked California’s first ban on private, for-profit prisons and immigration detention centers on Monday, saying it is being overshadowed by the federal government. Last year, a three-judge appeals panel rejected a 2019 state law that would have phased out private immigration prisons in […]

Profit statements

Bon Secours responds to the New York Times “Profit Over Patients” survey

RICHMOND, Va. — Bon Secours Mercy Health is responding after Richmond Community Hospital was the focus of a New York Times investigation titled “Profit Over Patients” published Saturday. Former and current employees told The Times that the East End facility lacked the resources to fully serve the community, putting lives at risk, according to the […]

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As newspaper circulation plummets, does the not-for-profit model offer a solution to avoid printing

Circulation numbers for central Illinois newspapers appear to be plummeting. Retired Western Illinois University columnist and journalism professor Bill Knight weighed in on the matter in this month’s Community Word newspaper. He cited Illinois Press Association circulation figures taken from annual ownership declaration forms that newspapers file with the U.S. Postal Service. Knight said most […]

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Five British prisoners freed by Russia arrive in Britain – non-profit group

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 22 (Reuters) – Five British prisoners of war freed by Russia as part of an exchange with Ukraine have returned to Britain and are looking forward to spending time with their families, the state said on Thursday. non-profit organization Presidium Network. The five are […]

Profit statements

TPL-TASC Consortium to Bid for Telecom Tower Infrastructure

ISLAMABAD: In a significant development in the growing field of telecom tower infrastructure in Pakistan, local company TPL Properties has formed a consortium with UAE-based mobile telecom tower operator TASC Towers, according to a notification to the PSX filed September 20. Profit has learned that TPL, through its wholly owned subsidiary TPL REIT Management Company […]

Profit statements

Profit rate by CDNS: a retrospective downward revision declared as “mismanagement”

ISLAMABAD: While accepting representation from an aggrieved citizen against a decision by Wafaqi Mohtasib, President Dr. Arif Alvi ordered the Central Directorate of National Savings (CDNS) to pay profit on Special Savings Certificates ( SSC) according to the rate of profit in force at the time of the purchase of the certificates. He said that […]

Profit statements

NICOL’s net profit increases by 59% in the first half of 2022

Unaudited financial results show total income increased 61% to 6.95 billion/- from 4.33 billion/- respectively due to strong growth in interest income, dividend income and other income . Interest income increased by 12,553% to 1.67 billion/- during the first half of this year, against 13.2 million/- recorded during the same half last year, while income […]

Profit statements

John Lydon Alleges Sex Pistols Members Are Trying To Profit From Queen Elizabeth’s Death – 100.7 FM – KSLX – Classic Rock

Sex Pistols in 2007; Pete Still/Redferns sex guns leader John Lydona.k.a rotten johnnycriticizes his bandmates for allegedly trying to make money from the death of Queen Elizabeth II. Lydon, whose lyrics to the classic 1977 Sex Pistols song “God Save the Queen” poked fun at the monarch, posted a message on his social media pages […]

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Indian Railways: Indian Railways made a huge profit, revenue increased by 116% with an increase in passenger services. Indian Railways revenue till end of August this year increased by 38% Pipa News

Indian Railways: Indian Railways made a huge profit, revenue increased by 116% with an increase in passenger services. Indian Railways revenue till the end of August this year has increased by 38%. During the Covid-19 pandemic, the railway wheels came to a standstill. Indian Railways suffered huge losses. A number of measures have been taken […]

Profit statements

Vision Modular Systems Earnings Drop 25% | New

Offsite high-rise manufacturing company Vision Modular Systems saw its profits fall 25% last year as it suffered from the impact of rising costs. The modular apartment specialist, which is behind some of the UK’s most high-profile off-site projects, including Greystar’s 44-storey George St towers project in Croydon, has reported a pre-tax profit for the year […]

Profit statements

Electrolux Stock Plunges After Q3 Earnings Warning By Investing.com

© Reuters. By Scott Kanowski Investing.com — Shares of Electrolux AB (ST:) fell early in European trading on Monday after the Swedish home appliance maker warned that revenue would tumble in the third quarter. The company cited an “accelerated” slowdown in market demand for basic devices in Europe and the United States so far in […]

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Centrica to cap profits to reduce energy bills: report

RIYADH: Saudi Arabia’s main index gained ground in the first session of the week following higher oil prices on Friday. TASI gained 1.01% to hit 11,953, while parallel market Nomu started rising 0.26% to 20,490 as of 10:07 a.m. KST. Saudi oil giant Aramco climbed 1.23%, while Rabigh Refining and Petrochemical Co. rose 0.76%. Al […]

Profit statements

This ‘Money Pit’ Airline Says It’s Finally Ready To Make Long-Term Profits

Etihad CEO Tony Douglas at the 2019 Dubai Airshow in Dubai, United Arab Emirates. Copyright 2019 The Associated Press. All rights reserved. After four painful years of deep cost-cutting and restructuring at Etihad Airways, CEO Tony Douglas finally has something to brag about. During a visit to New York this week to mark the launch […]

Profit statements

European metal producers fear collapse as energy costs cripple profit potential

A number of aluminum smelters are at high risk of closing due to rising production costs – Photo: Shutterstock China saw it happen first. But today, European smelters, especially those of aluminum and steel, can no longer escape the imminent threat of soaring energy prices. In an almost unprecedented move, key leaders in metalworking and […]

Profit statements

Moldovan edible oil producer Floarea Soarelui’s net profit soars in first half

CHISINAU, Moldova, September 5 (SeeNews) – Edible oil producer Floarea Soarelui, part of the Moldovan group Trans Oil, said its net profit increased eightfold to 641 million lei (32.8 million dollars/33.1 million euros) in the first six months of 2022, compared to 79.7 million lei for the same period of 2021. The company’s shareholders voted […]

Profit statements

Premier League predictions: Jones Knows wants to take advantage of Manchester United’s new dirt against Arsenal | Soccer News

Manchester United’s new love of the dark arts may help them end Arsenal’s winning streak, predicts tipster Jones Knows as he takes a look at the two great sunday matches. Brighton vs Leicester, Sunday 2pm, live on Sky Sports – PLAY THE SUPER 6 HERE! Brighton have taken 28 points in their last 14 Premier […]

Profit statements

Patria Bank’s Romanian net profit in the first half jumps 67% year-on-year

BUCHAREST (Romania), September 2 (SeeNews) – Patria Bank of Romania [BSE:PBK] said its net profit rose 67% annually in the first half of 2022, reaching 10 million lei ($2.06 million/€2.06 million). The increase in net income is mainly due to a favorable evolution of operating income and income from interest and commissions as well as […]

Profit statements

$100 dollar loans| Fast & Easy Approval

How do payday loans for $100 work? A loan of one hundred dollars is a small financial advance with a short repayment term that may be obtained very quickly and repaid within one calendar month. The vast majority of people will obtain a cash advance in the amount of one hundred dollars to pay an […]

Profit statements

Industrialists urged to donate one day’s profit to flood victims

LAHORE: The Pakistan Federation of Trade Unions (APFTU) has called on industrialists to donate one day of their profits to flood victims. In a press statement issued on Monday, Khurshid Ahmad, the APFTU General Secretary also called on employees of governmental and semi-governmental organizations to donate one day’s wages to flood victims to alleviate their […]

Profit statements

IMF approves disbursement of $1.17 billion for seventh and eighth tranches

ISLAMABAD: The International Monetary Fund (IMF) has approved the relaunch of the Extended Financing Facility (EFF) program for the disbursement of $1.17 billion for the seventh and eighth tranches. Finance Minister Miftah Ismail tweeted that “Alhamdolillah, the IMF Board has approved the relaunch of our EFF program. We should now receive the 7th and 8th […]

Profit statements

Chennai Super Kings closes financial year 2022 with profit of INR 32.12 crore

In the financial year 2021, CSK made a net profit of INR 40.26 crore. Chennai Super Kings. (Photo credit: IPL/BCCI) Chennai Super Kings Cricket Limited, the owner company of the Indian Premier League (IPL) franchise, Chennai Super Kings (CSK), ended the last financial year 2022 with a profit of INR 32.12 crore on total revenue […]

Profit statements

The Fiji Times » Profit of $10.9 million

The RB Patel Group reported after-tax profit of $10.9 million for the year ended June 20, 2022, compared with profit of $8.5 million last year. The company said in its financial statements published by the South Pacific Stock Exchange that the recovery from COVID-19 and improving levels of economic activity had given a boost to […]

Profit statements

Q2 Malaysia PCG Net Profit Increases 0.5%; warns of falling demand

SINGAPORE (ICIS) – PETRONAS Chemicals Group (PCG) on Monday reported a marginal year-on-year increase in its second-quarter net profit on the back of higher product prices, but the Malaysian producer warned of weaker demand in the second half of 2022. Malaysian Ringgit ($M) m Q2 2022 Q2 2021 % change H1 2022 H1 2021 % […]

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For-profit college accreditor loses federal recognition

WASHINGTON (AP) — The Department of Education has rescinded its recognition of an accrediting agency that primarily oversees for-profit colleges, jeopardizing the survival of schools that serve about 5,000 students. The decision prohibits colleges certified by the Accrediting Council for Independent Colleges and Schools from participating in federal student aid programs unless they can obtain […]

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VIG increases pre-tax profit in Bulgaria by 50% year-on-year in the first half

SOFIA (Bulgaria), Aug 18 (SeeNews) – Austria’s Vienna Insurance Group (VIG) said on Thursday it recorded a pre-tax profit of 20.9 million euros ($21.2 million) on its operations in Bulgaria in during the first six months of 2022, up from a pre-tax profit of 13.9 million euros a year earlier. VIG’s strong overall half-year result […]

Profit statements

CSL benefit declines despite plasma rebound

Biotech giant CSL says the pandemic set back growth in crucial blood plasma drives for its drugs by two years, as it reported a 6% drop in full-year profits. The $142 billion company saw its net profit drop to $2.24 billion ($3.2 billion) in the 12 months to June 30, which was at the upper […]

Profit statements

Macro headwinds weigh on profit margins

Current market conditions, including rising fuel costs and inflationary pressures, are impacting profit margins Current market conditions are creating headwinds for industries and organizations in the Gulf region. As listed companies report their financial results for the first half of 2022, many cite the pressure created on profit margins by challenges such as geopolitical tensions, […]

Profit statements

NEL Reports 15-Month Earnings of $2.33 Billion | Local company

MAJORITY State-owned investment holding company National Enterprises Ltd (NEL) on Friday announced after-tax profit of $2.33 billion for the 15 months ending June 30, 2022, compared with a loss of $252.2 million dollars for the 15-month period ending June 30, 2021. NEL’s dividend income for the 15-month period totaled $274.4 million, or 11.7% of the […]

Profit statements

Best Buy cuts jobs after slashing sales and profit outlook

NEW YORK — Best Buy, the nation’s largest consumer electronics chain, is cutting jobs in an effort to adjust to new changes in consumer behavior as the virus wanes. Best Buy declined to say how many jobs it was cutting, but The Wall Street Journal, which first reported the news, estimated it was hundreds of […]

Profit statements

Energy and Environment – Democrats Consider Raising Oil Profits Tax After Record Quarter

Democrats are once again eyeing oil company profits after the companies recently posted record profits. Meanwhile, scientists are linking a type of PFAS to liver cancer. It’s the night of energy and the environment, your source for the latest news focused on energy, the environment and beyond. For The Hill, we are Rachel Frazin and […]

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Shares of Saudi hospital operator Sulaiman Al Habib fall despite 22% first-half profit growth

Crypto Moves – Bitcoin and Ethereum fall; Voyager Digital obtains authorization to return $270 million to its customers RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Sunday, falling 1.08% to $22,975.50 as of 8:10 a.m. Riyadh time. Ethereum, the second most traded cryptocurrency, was priced at $1,681.23, down 3.07%, according to data from Coindesk. […]

Profit statements

BUA Foods boosts profit by 13.74% to N39.3 billion in Q2 2022 as Saratu Umar steps down as independent non-executive director – WorldStage

WorldStage Newsonline– BUA Foods Plc has released its unaudited financial statements for the six months ended June 30, 2022 with a 13.74% increase in group net profit after tax to N39.309 billion from N34.561 billion in the first half of 2021 . The group’s net profit after tax for the second quarter increased by 14.07% […]

Profit statements

Italy’s De Nora raises 2022 forecast after core earnings rise

The De Nora logo is displayed on a smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register MILAN, Aug 4 (Reuters) – Newly listed Italian electrode maker Industrie De Nora (DNR.MI) on Thursday revised its forecast for this year’s earnings and sales after its adjusted […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]