Earnings roundup: Wal-Mart 2Q income unchanged, Kohl's profit dips in 2Q but still beats viewsAugust 13th, 2009 Earnings roundup: Wal-Mart, Kohl'sAmong the earnings stories for Thursday, Aug. 13, from AP Financial News:
NEW YORK (AP) — Wal-Mart Stores Inc.
Unitech first quarter profit dips 63 percentAugust 1st, 2009 NEW DELHI - Realty major Unitech Ltd's first quarter profit fell 63 percent from Rs.4.23 billion to Rs.1.58 billion due to the sluggish demand for housing. Net income fell to Rs.1.58 billion ($33 million) for the quarter ended June 30, from Rs.4.23 billion, the developer said in a statement.
National Aluminium net dips 75 percentJuly 31st, 2009 MUMBAI - State-run National Aluminium Co (NALCO) reported a 75 percent fall in net profit to Rs.126.4 crore for the quarter ended June 30, as compared to Rs.525.3 crore in the like period last year. The total income decreased 34 percent to Rs.1,036.5 crore from Rs.1,593.7 crore, the company said in a regulatory statement.
Tata Steel net profit dips 46 percentJuly 29th, 2009 MUMBAI - Steel major Tata Steel's net profit fell 46.93 percent in the quarter ended June 30 to Rs.789.83 crore ($163 million) from Rs.1,488.4 crore in the like period last year. Total income of the company decreased 8.16 percent to Rs.5,661.89 crore during the quarter from Rs.6,165.14 crore a year earlier.
Sterlite Industries net profit dips 42 percentJuly 29th, 2009 MUMBAI - Vedanta group firm Sterlite Industries Wednesday reported a 42 percent fall in its net profit for the quarter ended June 30 to Rs.672.6 crore as against Rs.1,151 crore in the like period last year. The total income fell 19 percent to Rs.4,957.1 crore from Rs.6,172.5 crore, the company said in a statement.
Jindal Steel net profit dips 25 percentJuly 29th, 2009 MUMBAI - Jindal Steel and Power Wednesday reported a 25 percent dip in net profit to Rs.300 crore for the first quarter this fiscal as compared to Rs.402.3 crore in the same period last year. The total income decreased 16 percent to Rs.1,592.6 crore from Rs.1,902.7 crore, the company said in a regulatory statement.
Housing Development and Infrastructure net profit dips 66 percentJuly 29th, 2009 MUMBAI - Housing Development and Infrastructure Ltd (HDIL) Wednesday reported a 66.19 percent fall in its net profit to Rs.107.47 crore in the quarter ended June 30, compared to Rs.317.94 crore in the same period last fiscal. The total income of the company dipped 88.66 percent to Rs.318.62 crore during the period under review from Rs.601.13 crore in the April-June quarter last year.
Hindustan Unilever net profit dips 2.68 percentJuly 28th, 2009 MUMBAI - Net profits of fast moving consumer goods (FMCG) giant Hindustan Unilever dipped 2.68 percent to Rs.5,431.9 crore in the first quarter this fiscal from Rs.5,581.8 crore in the same period a year ago. The total income of the company increased 7.5 percent to Rs.44,758.8 crore in the first quarter of current fiscal from Rs.41,628.4 crore in the year-ago period.
GAIL India net profit dips 27 percentJuly 25th, 2009 MUMBAI - State-run gas utility company GAIL India Saturday reported a 26.8 percent dip in its net profit at Rs.655.8 crore ($135.5 million) for the quarter ended June 30, compared to Rs.896.8 crore in the same period last fiscal. However, the total income increased 4.3 percent to Rs.6,101.3 crore from Rs.5,845.5 crore, the company said in a regulatory statement.
Biocon last quarter profit dips 61 percentApril 28th, 2009 BANGALORE - Biotechnology major Biocon Tuesday announced a decrease of over 61 percent in its net profit for the quarter ending March 31. In a regulatory statement, Biocon said its unaudited net profit for the last quarter was Rs.241.4 million, compared to Rs.620.3 million - a decrease of over 61 percent.
United Spirits net dips 14 percentApril 28th, 2009 MUMBAI - Liquor manufacturer United Spirits, a part of the Vijay Mallya-controlled United Breweries, Tuesday said its net profit dropped 14.5 percent to Rs.556.2 million for the quarter ended March 31 as compared to Rs.651.1 million in the same period the previous year. The company's total income, however, increased 18.45 percent to Rs.9.18 billion in the last quarter of 2008-09 from Rs.7.75 billion the previous fiscal.
Drugmaker Pfizer's Q1 profit dips 2 percent on much lower sales, costs of Wyeth acquisitionApril 28th, 2009 Pfizer profit dips 2 percent, sales fall much moreNEW YORK — Pfizer Inc. posts a 2 percent drop in first-quarter profit, as cost-cutting by the world's largest drugmaker couldn't offset big drops in sales for several medicines.
Unitech profit dips 94 percentJanuary 30th, 2009 MUMBAI - Infrastructure major Unitech Ltd Saturday said its profit after tax dipped 94.71 percent to Rs.195 million (Rs.19.5 crore/$4 million) for the quarter ended Dec 31 as against Rs.3.69 billion in the year-ago period. The company's total income stood at Rs.3.25 billion in the third quarter, a drop of 61.16 percent from Rs.8.48 billion in the corresponding period last year, an official statement said.
Usha Martin's third quarter profit dips 17.6 percentJanuary 28th, 2009 KOLKATA - Speciality steel and wire rope producer Usha Martin posted a standalone profit of Rs.267.4 million (Rs.26.74 crore/$5.5 million) for the quarter ended Dec 31, an official statement said here Thursday. The profit after tax declined 17.6 percent to Rs.267.4 million from Rs.324.5 million in the corresponding period last fiscal.
ONGC net profit dips 43.3 percent in third quarterJanuary 27th, 2009 NEW DELHI - State-run upstream major Oil and Natural Gas Corp Wednesday reported 43.3 percent dip in its net profit for the quarter ended Dec 31, owing to low crude prices. The company's net profit for the third quarter fell to Rs.24.75 billion (Rs.2,475 crore/$506 million) from Rs.43.7 billion a year ago.
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