NEW DELHI: A central board meeting of the Employees Provident Fund Organization (EPFO) in Guwahati has recommended that the interest rate on Employees Provident Fund deposits be reduced by 8.5% to 8.1% for fiscal year 2021-22. year, leaving about 60 million people stranded. The rate will come into effect in accordance with the notification issued […]
BRIDGE INVESTMENT GROUP HOLDINGS INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS SALT LAKE CITY, UTAH-Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today released financial results for its fourth quarter and fiscal year ended December 31, 2021. Fourth quarter 2021 TotalIncome and […]
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 […]
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 […]
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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 […]
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. […]
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 […]
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 […]
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. […]
ISLAMABAD: The Federal Board of Revenue (FBR) collected 32.43 billion rupees in taxes on the sugar sector in the first six months of the current fiscal year compared to 29.30 billion rupees collected in the same period last year, achieving growth of 11%. The tax department said this growth is due to the successful implementation […]
Chamberlin PLC (AIM: CMH) posted its first net profit in five years, with profits from a massive restructuring program offsetting supply chain disruptions and rising commodity prices. The group said it had also been able to absorb the upfront marketing costs incurred in establishing the Emba cookware and Iron Foundry Weights e-commerce businesses. “This reduction […]
KARACHI: The State Bank of Pakistan (SBP) announced a 100 basis point hike in the policy rate following today’s Monetary Policy Committee (MPC) meeting. The increase aims to “counter inflationary pressures” and “ensure growth that remains sustainable”. Although the term forward guidance was not used in the statement, the MPC said: “As a result of […]
PETALING JAYA: Despite declining revenues, Bermaz Auto Bhd(BAuto) net profit for the second quarter ended October 31 increased slightly to RM 26.04 million from RM 24.79 million in the same quarter a year ago. The turnover for the quarter was RM 483.84 million, compared to RM 599.84 million in the corresponding quarter of the previous […]
UK-based Temple Bar Investment Trust PLC reported positive results on Friday as it released its half-year statement. Net asset value (NAV) returned 19.3% versus the FTSE All-Share benchmark of 11.1%. The investment firm said it performed well during the half-year and the share prices of Royal Mail Group, Aviva, NatWest Group and BP performed strongly. […]
LONDON–(COMMERCIAL THREAD) – Intercontinental Exchange, Inc. (NYSE: ICE), a leading global exchange and clearinghouse operators and provider of mortgage technology, data and quotation services, today announced that ICE Benchmark Administration Limited (“IBA”) has launched a first, “beta” version of the ICE SONIA indexes for information and testing purposes. IBA has also published a methodological document […]