MANILA – PLDT Inc said on Thursday it recorded a net income of 30.2 billion pesos in 2021, as its services revenue hit a record high during the pandemic. The total is 8% higher than a year earlier, the telecom operator said in a statement to the stock exchange. ConsolidatedRead More →
SOFIA (Bulgaria), March 2 (SeeNews) – Bulgaria’s leading investment bank (Fibank) [BUL:FIB] said its consolidated net profit jumped to 111.4 million levs ($63.01 million/€56.96 million) in 2021 from 45.5 million levs in 2020, as the group grew its banking income and experienced a significant drop in administrative expenses. The lender’sRead More →
Led by a 14% rise in global revenue from the Lee brand, Kontoor Brands saw sales rise 3% to $681 million in the fourth quarter. In a word: Kontoor Brands Inc., with a portfolio led by the Wrangler and Lee brands, provided guidance for 2022 that included expected revenue ofRead More →
Wall Street analysts expect Micron Technology, Inc. (NASDAQ:MU – Get Rating) to report earnings per share (EPS) of $1.95 for the current fiscal quarter, according to Zacks. Six analysts provided earnings estimates for Micron Technology, with the lowest EPS estimate of $1.95 and the highest estimate of $1.97. Micron TechnologyRead More →
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The new logo of Swiss cement maker Holcim is seen in a concrete block during the Holcim Capital Markets Day event in Basel, Switzerland November 18, 2021. REUTERS/Arnd Wiegmann Join now for FREE unlimited access to Reuters.com Register The company says it does not depend on Russian gas Good orderRead More →
MANILA — Construction and furniture supply company Wilcon Depot said on Thursday it posted a net profit of 2.561 billion pesos in 2021, up 76.8 percent from a year earlier. The growth was primarily driven by higher sales and gross profit margin expansion, but was partly offset by higher operatingRead More →
Meta, formerly known as Facebook, spends billions of dollars on Metaverse. Mark Zuckerberg, founder of the company revealed that the company has spent over $10 billion on the Metaverse process since last year, i.e. 2021. It includes the variety of products that includes the Reality Labs division, which manufactures virtualRead More →
STRATEGY: The companies aim to finalize the deal by October 1, so that their resources can be integrated to accelerate major expansions and seize emerging opportunities. By Chen Cheng-hui / Staff Reporter IC substrate and printed circuit board maker Unmicron Technology Corp (欣興電子) plans to acquire Subtron Technology Co (旭德科技)Read More →
Dallas-based Baylor Scott & White saw operating profit tumble more than 13% in the six months to Dec. 31, largely due to increased spending, financial results show recently. published. For the first half of fiscal 2022, Baylor Scott & White reported operating profit of $644 million, down from $742 millionRead More →
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The logo of French retailer Carrefour on shopping carts in Sao Paulo, Brazil, July 18, 2017. REUTERS/Paulo Whitaker/File Photo Join now for FREE unlimited access to Reuters.com Register Feb 15 (Reuters) – Carrefour Brasil (CRFB3.SA) said on Tuesday fourth-quarter net profit fell from a year earlier but beat estimates, helpedRead More →
Shares of U.S. investment firm KKR & Co fell more than 6% on Tuesday after the company said earnings fell in the fourth quarter despite earnings more than doubling, buoyed by strong sales of assets in its private equity portfolio. The company that manages several alternative asset classes said itsRead More →
Oslo, 8 February 2022: yara improved reports fourth trimester the results that the price increase more than offset the impact of the increase energy cost. Fourth trimester EBITDA excluding exceptional items1 was USD 765 million compared to USD 511 million a year earlier. NOTand income was a negative $26 millionRead More →
[Stay on top of transportation news: Get TTNews in your inbox.] Energy management company Eaton Corp. posted higher net profit and modest revenue gains in the fourth quarter, noting that revenue in its vehicle segment fell but rose slightly in eMobility – its two smaller segments. For the quarter endedRead More →
[Stay on top of transportation news: Get TTNews in your inbox.] Meritor Inc. said its quarterly net profit nearly doubled and revenue grew about 11%, and cited a truck market up in several regions from a year earlier. For the first quarter of fiscal 2022, ended Dec. 31, Meritor reportedRead More →
CNA Financial Corp. said fourth-quarter 2021 net income was down more than 30% to $266 million from the same period a year earlier. There was a decline in net investment income in the last three months of 2021 to $1 million from $52 million in 2020. In the fourth quarter,Read More →
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Islamic Bank of Abu Dhabi, the emirate’s largest Shariah-compliant lender, reported a 51% increase in net profit in the fourth quarter as loan loss provisions fell and revenue increased in a context of continued economic recovery. Net profit for the three-month period ending in late December reached 728 million dirhamsRead More →
Thomas Barwick/DigitalVision via Getty Images Overview 1st Source Corporation (SRCE) is South Bend, IN headquartered an $8 billion community bank. The bank operates community banking and specialty finance segments. For community banking, 78% is C&I loans and the rest is consumer loans. For the specialty finance segment, the bank hasRead More →
PennyMac’s Q4 Revenue and Revenue Decline | San Fernando Valley Business Journal By Antonio Pequeno IV Friday, February 4, 2022 Westlake Village-based PennyMac Financial Services released fourth quarter and full 2021 results on Friday, reporting net income of $173 million and lower profits.Net income to shareholders was $2.79 per shareRead More →
Company News February 3, 2022 Talanx Group’s net income exceeds the billion euro mark for the first time Double-digit increase in turnover (10.7%) to 45.5 billion euros Operating profit jumps around 46% to 2.45 billion euros despite historically high net claims chargesRead More →
Reading time: 2 minutes The net profit of the Philippine Amusement and Gaming Corporation (PAGCOR) fell nearly 87% to $3.9 million in 2021 as shutdowns continued to restrict casino operations. The casino industry in the Philippines has been hit hard by the Covid-19 pandemic, with containment and prevention measures stillRead More →