financial-performance
Top StoriesNokia Joins Ericsson in Forecasting Stronger Second Half After Q1 Profit Miss
Top StoriesNavigation Firm TomTom Posts Operating Loss as Auto Sales Slow
Top StoriesSwiss Chemicals Maker Sika Posts 13.8% Jump in Q1 Sales
Top StoriesRecruiter PageGroup’s Quarterly Profit Slumps 13% as Hiring Remains Subdued
M&c Saatchi Expects 2024 Profit to Meet Forecasts
Date: April 10, 2024
M&C Saatchi expects 2024 profit to meet forecasts (Reuters) – M&C Saatchi said on Wednesday it expected to meet profit expectations this year, betting on its cost-savings initiatives and divestment of loss-making businesses, after the British advertising group posted a 10% fall in 2023 earnings. WHY IT’S IMPORTANT The advertising industry has been grappling with...
Rheinmetall Hails ‘new Decade’ as Defence Spending Drives up Sales
Date: March 14, 2024
Rheinmetall hails ‘new decade’ as defence spending drives up sales By Rachel More BERLIN (Reuters) -German arms manufacturer Rheinmetall said on Thursday it expected record sales and increased profitability this year, as the war in Ukraine drives up defence spending in the NATO bloc, in a trend set to buoy the company for years to...
Russia Diamond Producer Alrosa’s Annual Net Profit Drops 15.2%
Date: February 28, 2024
Russia diamond producer Alrosa’s annual net profit drops 15.2% MOSCOW (Reuters) -Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925 million), down 15.2% from the previous year. Turnover was up 9.2% at 322.6 billion roubles. Group of Seven leaders agreed in December to ban non-industrial diamonds from Russia...
Norwegian Cruise Forecasts Upbeat First-Quarter Profit on Robust Demand
Date: February 27, 2024
Norwegian Cruise forecasts upbeat first-quarter profit on robust demand (Reuters) – Norwegian Cruise Line Holdings forecast a first-quarter profit on Tuesday betting on higher ticket prices and steady demand in the U.S. for cruises to the Caribbean and Europe. The company’s shares rose 5.5% to $16.80 in premarket trading. Cruise operators are now experiencing record...
StanChart Lowers Income Target, Launches $1 Billion Share Buyback as Profit Jumps 18%
Date: February 23, 2024
StanChart lowers income target, launches $1 billion share buyback as profit jumps 18% By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered PLC on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out underwhelming growth forecasts that will concern investors amid worries about global...
India’s Bosch Posts Q3 Profit Climb on Healthy Auto Parts Demand
Date: February 13, 2024
India’s Bosch posts Q3 profit climb on healthy auto parts demand BENGALURU (Reuters) – Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 62.5% climb in third-quarter profit on Tuesday, buoyed by strong demand for its automotive parts. The company’s net profit rose year-on-year to 5.18 billion rupees ($62.4 million) in...