MBIA surprises investors with 2Q profit; shares riseAugust 5th, 2009 MBIA posts surprise profit in 2QArmonk, N.Y. — Bond insurer MBIA Inc.
Nintendo profit down 60.6 percent in April-June on fewer hit titles, stronger yenJuly 30th, 2009 Nintendo profit down 60.6 percent in April-JuneTOKYO — Nintendo Co. reports that its net profit tumbled 60.6 percent in the April-June quarter from last year, hurt by a stronger yen and fewer blockbuster games.
Aircraft engine maker Rolls-Royce reports 17 percent rise in 1H profit, confirms guidanceJuly 30th, 2009 Rolls-Royce posts 16.5 pct rise in 1H profitLONDON — Aircraft engine manufacturer Rolls-Royce PLC on Thursday reported a 16.5 percent rise in first-half results as delays to the new Airbus A380 and forthcoming Boeing 787 boosted demand for existing widebody airplanes already using the company's products. It also confirmed its guidance for the year.
Honda reports plunging profit, but raises forecast as it holds up better than rivalsJuly 29th, 2009 Honda reports plunging profit but raises forecastTOKYO — Honda reported a 96 percent drop in first quarter profit to 7.5 billion yen ($79.8 million), the automaker's first earnings drop in four years, but raised its full-year forecast. Honda Motor Co.
Swiss bank Credit Suisse reports 29 percent rise in 2Q net profit to $1.41 billionJuly 23rd, 2009 Credit Suisse reports $1.41 billion 2ndQ profitZURICH — Swiss bank Credit Suisse Group has reported a 29 percent rise in second-quarter net profit to 1.57 billion francs ($1.41 billion). The bank says the results include one-time charges, legal costs and tax benefits.
Air China forecasts 50 percent first-half profit rise, rebounding from 2008 lossJuly 15th, 2009 Air China forecasts 50 percent profit riseBEIJING — Air China Ltd., one of China's three major state-owned carriers, said Wednesday it expects first-half profits to rise at least 50 percent from a year earlier as it recovers from a huge 2008 loss. The Beijing-based airline said its first-half 2008 profit was 1.3 billion yuan under Chinese accounting standards, which would make its profit from January to June this year at least 1.9 billion yuan ($284 million).
H&R Block reports strong fourth-quarter profit on higher bank income, tax prep feesJune 29th, 2009 H&R Block reports better-than-expected 4Q profitKANSAS CITY, Mo. — H&R Block, the nation's largest tax preparer, has reported better-than-expected profit for its fiscal fourth quarter as higher fees and more consumer financial services income offset a decline in the number of tax returns it prepared.
Denver's Frontier Airlines reports $1.1 million May profit amid bankruptcy protectionJune 25th, 2009 Frontier Airlines reports $1.1 million May profitDENVER — Frontier Airlines Holdings Inc. says it had a net profit of $1.1 million in May, marking the seventh straight month the company has reported gains.
Carnival books better-than-expected 32 percent drop in 2nd-qtr profit but lowers 2009 outlookJune 18th, 2009 Carnival reports 32 percent drop in 2Q profitMIAMI — Cruise operator Carnival is reporting a better-than-expected 32 percent drop in second-quarter profit but is lowering its full-year forecast to reflect rising fuel costs. Miami-based Carnival Corp.
Utilities profit from customers using less electricityJune 12th, 2009 Utilities profit from lower electricity salesDuke Energy Co. reached a deal with environmental groups Friday that allow the power generator to charge customers more money even if they use less electricity.
Hospitality industry profit falls 64 percent: AssochamJune 4th, 2009 NEW DELHI - India's hospitality sector has witnessed a fall of 64 percent in profit in the January-March quarter this year, thanks to the economic slowdown, an industry lobby report said here Thursday. "While on the one hand the inflow of foreign tourists came down sharply and the room rates contracted, on the other hand there was a rise in expenses," the report by the Associated Chamber of Commerce and Industry (Assocham) said.
Mahindra net down 22.2 percentMay 28th, 2009 NEW DELHI - Auto major Mahindra and Mahindra (M&M) Thursday reported a 22.2 percent decline in its net profit for 2008-09 at Rs.858.7 crore, down from Rs.1,103.3 crore reported the year before. This is despite a 14.5 percent jump in the company's annual turnover to Rs.13,364.02 crore last fiscal from Rs.11,671.6 crore in 2007-08, the company said in a regulatory statement.
Murugappa group to invest Rs.586 crore this fiscalMay 5th, 2009 CHENNAI - The Rs.15,646-crore ($3.15-billion) Murugappa group will invest Rs.586 crore in its existing businesses this fiscal, said senior company officials here Tuesday. 'The investments will be towards completing the existing projects as well as setting up of new facilities,' said A.
United Bank posts 27 percent growth in advancesApril 16th, 2009 KOLKATA - Public sector lender United Bank of India (UBI) Thursday reported 27 percent growth in advances at Rs.36,000 crore and 16 percent rise in deposits at Rs.54,000 crore in 2008-09. 'Our bottomline is likely to be between Rs.150-200 crore after we close our books,' UBI chairman and managing director S.C.
Bharat Petroleum's third quarter profit up 172 percentJanuary 28th, 2009 NEW DELHI - State-run refiner Bharat Petroleum Corp Ltd (BPCL) Thursday announced 172 percent rise in net profit for the quarter ended Dec 31 over the year-ago period. The company's net profit went up to Rs.7.9 billion (Rs.790 crore/$161 million) in the third quarter from Rs.2.9 billion a year ago.
Loading ...