Profit statements

ABSA Bank’s net profit rises 161% to 10.8 billion shillings

NAIROBI, Kenya, March 16 – Absa Bank Kenya has announced a 161% increase in its net profit for the financial year ended December 31, 2021, which stood at Sh109 billion. The bank attributed the rise to growth in interest income, particularly in the small and medium-sized business segment, which was supported to spur economic growth. […]

Profit statements

Malaysian billionaire glove maker delays Hong Kong listing as profits plummet

Lim Wee Chai, co-founder and chairman of Top Glove, speaks during the company’s listing at the … [+] Singapore Stock Exchange in Singapore, June 28, 2016. Nicky Loh/Bloomberg Top Glove – controlled by billionaire Lim Wee Chai – postponed plans to list on the Hong Kong stock exchange as profits slumped after rubber glove prices […]

Profit statements

Russian lender TCS posts record profit, focused on challenges

Oliver Hughes, Chief Executive and Chairman of the Board of Tinkoff Bank, attends a ceremony as Russian lender TCS begins trading on the Moscow Stock Exchange in Moscow, Russia October 28, 2019. REUTERS/Evgenia Novozhenina/ Join now for FREE unlimited access to Reuters.com Register MOSCOW, March 4 (Reuters) – Russian lender TCS Group Holding (TCSq.L) said […]

Profit statements

Raiffeisen Bank International proposes to carry forward the entire net profit for 2021

By Ed Frankl Raiffeisen Bank International AG announced on Tuesday that it intends to carry forward its entire net profit from the 2021 financial year “due to the war in Ukraine”. The Austrian lender, one of the largest in Central and Eastern Europe, had previously planned to offer a 2021 dividend of 1.15 euros ($1.29) […]

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 […]

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 […]

Lending markets

Canadian CIBC and National Bank earnings beat estimates on loan and unit markets

By Nicholas Saminather TORONTO (Reuters) – The Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada both comfortably beat analysts’ estimates for quarterly profit on Friday, helped by growth in loans and fees, as well as the soundness of their activities in the capital markets. Lenders join Royal Bank of Canada in posting […]

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 […]

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

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

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

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

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 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

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 […]

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

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

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 […]

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. […]

Profit statements

Chamberlin PLC explodes on its first interim profit in five years

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 […]

Profit statements

Rwandan cement maker Cimerwa doubles net profit to $ 3.9 million

By KABONA ESIARA Rwandan cement producer Cimerwa’s net profit for the nine months ending in September doubled to $ 3.9 million, from $ 1.89 million for the same period last year, thanks to its new betting strategy. the market. Revenue from the company’s cement sales reached $ 6.5 million from $ 6 million the year […]

Profit statements

PZ Cussons Plc posts after-tax profit of N2.57 billion in 6 months of 2021 – Nairametrics

PZ Cussons Plc announced its 6-month results for the period ended November 30, 2021, showing 25.97% revenue growth from 37.38 billion naira recorded in the first half of 2020 to 47.09 billion of nairas. The consumer goods company reported an after-tax profit of 2.57 billion naira, reflecting a significant growth of 213.44% compared to 820.93 […]

Profit statements

Bulgartransgaz increases 9-month net profit thanks to higher revenues

SOFIA (Bulgaria), Dec. 17 (SeeNews) – Bulgarian state-owned gas transmission system operator Bulgartransgaz said its net profit rose to 79.2 million levs ($ 45.8 million / 40.5 million euros) in January-September, against 66.8 million levs in the same vein. period of 2020, as the company increased its turnover. Bulgartransgaz’s turnover rose to 368.8 million Lev […]

Profit statements

BAuto T2 net profit up

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 […]

Investment reports

BF Investment reports consolidated net profit of Rs 33.21 crore in the June 2021 quarter

Sales increase 32.73% to Rs 5.15 crore BF Investment’s net profit reported at Rs 33.21 crore in the quarter ended June 2021 compared to a net loss of Rs 3.54 crore in the previous quarter ended June 2020. Sales increased by 32.73 % to Rs 5.15 crore during the quarter ended June 2021 against Rs […]