corporate-profits
Top StoriesJaguar Land Rover Posts Q4 Free Cash Flow About $1 Billion
Top StoriesUK’s J D Wetherspoon Returns to Profit as Supply Issues Ease
Top StoriesLloyd’s of London Swings to 2022 Pre-Tax Loss
Top StoriesInflation Boosts Jeronimo Martins’ Q4 Profit but Dents Margins
Crop Merchant Louis Dreyfus Gets Profit Boost in Volatile Year
Date: March 22, 2023
By Gus Trompiz PARIS (Reuters) -Louis Dreyfus Company (LDC) on Wednesday reported a 44% jump in 2022 net profit, joining other global crop merchants in capturing high prices and strong demand in a volatile year marked by Russia’s invasion of fellow grain exporter Ukraine. LDC, whose rivals include ADM, Bunge and Cargill, reported a group...
Syngenta 4Q Profit Falls as Raw Material Prices Increase
Date: March 22, 2023
ZURICH (Reuters) – Swiss agrichemicals and seeds group Syngenta on Wednesday reported a 25% drop in fourth quarter earnings due to higher raw materials and energy costs. Syngenta, which plans to list within the next few months, also spent more on reorganising its business and set cash aside to cover macro-economic uncertainties such as further...
Portuguese Airline Tap Swings to Profit Earlier Than Expected
Date: March 21, 2023
LISBON (Reuters) – Portuguese airline TAP swung to a profit in 2022, earlier than expected in its restructuring plan, as rising revenue and lower staff costs offset soaring fuel prices, the state-owned company said on Tuesday. TAP said it made a net profit of 65.6 million euros ($70.4 million) in 2022 compared with a net...
UK’s Domino’s Expects Tech Investments to Hit 2023 Profit
Date: March 9, 2023
(Reuters) -Britain’s Domino’s Pizza Group Plc said on Thursday its profit this year would be impacted by investments in cloud-based technology platforms, sending its shares down more than 8%. The company said it expects underlying core profit this year to be within market expectations, excluding about 9 million pounds ($10.69 million) to be incurred in...
Lufthansa Expects Further ‘significant Improvement’ After Return to Profit
Date: March 3, 2023
By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented” turnaround as it swung to a 1.51 billion euro profit in 2022 and expects a significant improvement in earnings this year, pushing its shares up to a three-year high as air travel rebounds. Passenger numbers more than doubled and net...
Covestro Sees Lower 2023 Profit, Cash Flow as Macro Challenges Prevail
Date: March 2, 2023
By Bartosz Dabrowski and Andrey Sychev (Reuters) -German chemicals maker Covestro said on Thursday it expected lower core profit and lower free cash flow in 2023 as economic challenges persist, after a global “polycrisis” caused a sharp rise in energy and raw material prices last year. Covestro’s shares were down around 4% at 0910 GMT...