Investment reports

Boxed Reports Fourth Quarter Results, Sees 2022 Revenue Climb 24% to 38%

The Good Squad/DigitalVision via Getty Images E-commerce business (NYSE: BOXD) released fourth-quarter results, its second earnings as a public company, after completing a divestiture in December. In a box, which is an e-commerce grocery platform that sells consumables in bulk, fourth-quarter revenue rose 4.2% to $45 million from the year-ago quarter, according to a declaration. […]

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

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 […]

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

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

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

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 […]