Hermes profit falls 7 percent in 1st half but still plans more store openingsAugust 28th, 2009 Hermes profit down 7 percent in 1st halfPARIS — Luxury goods maker Hermes International on Friday reported a 7 percent drop in net profit in the first half of the year but said it still plans to open or renovate several stores in the second half. In a statement, the maker of high-end scarves and Birkin handbags blamed the drop on currency fluctuations and a lower rate of return on financial investments.
Russian oil major Lukoil's net profit falls 44 percent in Q2 but beats analyst estimatesAugust 28th, 2009 Lukoil's Q2 net profit down 44 percentMOSCOW — Lukoil, Russia's largest private oil company, on Friday posted a 44 percent drop in net profit for the second quarter due to lower oil prices, but still beat analyst expectations. Net income fell to $2.3 billion from $4.1 billion a year earlier, the company said in a statement.
Swiss-based staffing company Adecco reports second-quarter net loss of euro147 millionAugust 11th, 2009 Adecco reports second-quarter lossZURICH — Staffing company Adecco SA reported Tuesday a second-quarter net loss of euro147 million ($209 million) as revenues continued to decline amid the global economic downturn. The results represent a sharp reversal on the same period last year, when the Switzerland-based company recorded a net profit of euro212 million.
German industrial gas maker Linde's 2Q net profit slides 38 percent on lower salesAugust 3rd, 2009 Linde's Q2 net down 38 percentFRANKFURT — German industrial gas company Linde AG said Monday its net profit for the second quarter fell 38 percent, blaming one-time charges, a difficult market environment, and falling business volumes in the recession. The Munich-based company said its net profit in the April-June period fell to euro133 million ($189 million) from euro215 million in the second quarter 2008.
Abaxis Inc. sees profit soar in second-quarterJuly 30th, 2009 Abaxis profit soars in Q2UNION CITY, Calif. — Abaxis Inc.
UK energy company Centrica PLC 1H net profit down 89 pct; operating profit down 5 pctJuly 30th, 2009 Centrica PLC 1H net profit down 89 pctLONDON — British energy company Centrica PLC said Thursday that net profit fell by 89 percent in the first half compared to a year earlier, when profit was boosted by a large one-time gain. For the six months to June 30, Centrica reported a net profit of 202 million pounds ($332 million) compared to 1.8 billion pounds a year earlier.
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.
HMV reports 50 pct drop in full year net profit, but continuing operations see 18.5 pct gainJune 30th, 2009 HMV full year profits fall by halfLONDON — Music and books retailer HMV Group PLC said Tuesday that its full-year profit fell by half compared to a year ago, when the bottom line was fattened by the sale of operations in Japan. Net profit for the year ending April 25 was 44.2 million pounds ($73.9 million), compared to 89 million pounds in the previous year.
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.
Insurer Zurich Financial reports 75 percent drop in 1st quarter profit on investment lossesMay 8th, 2009 Zurich Financial reports 75 pct drop in 1Q profitZURICH — Swiss insurer Zurich Financial Services Group on Thursday reported a 75 percent drop in first quarter net profit after booking heavy investment losses. Net profit amounted to $362 million compared to $1.43 billion in the same quarter last year.
German pharma, chemical company Merck sees 1st-quarter net profit drop 76 percentApril 27th, 2009 Merck 1Q net profit falls 76 percentFRANKFURT — German pharmaceutical and chemical company Merck KGaA said Monday that its first-quarter net profit dropped by 76 percent as demand for chemicals in particular declined. Darmstadt-based Merck said net profit for the January-March quarter fell to euro57 million ($75 million) from euro239 million a year earlier.
Heavy Engineering Corp net profit up 286 percentApril 4th, 2009 RANCHI - State-run Heavy Engineering Corp (HEC) Saturday reported a 286.33 percent jump in its net profit last fiscal. 'During 2008-09, the company has posted a profit of Rs.16.11 crore, compared to Rs.4.17 crore in 2007-08,' HEC Chairman-cum-Managing Director G.K.
L&T profit jumps 215 percentJanuary 29th, 2009 NEW DELHI - Construction and engineering giant Larsen and Toubro (L&T) posted a 215.5 percent jump in its quarterly profit, primarily riding on the income from the sale of its ready-mix concrete (RMC) business. The company filed a net profit of Rs.15.2 billion (Rs.1,520.44 crore/$338.75 million) for the third quarter of 2008-09, as against Rs.4.81 billion during the same period last fiscal.
Escorts profits up in 2007-08December 28th, 2008 NEW DELHI - Engineering major Escorts Ltd notched profits of Rs.118.7 million (Rs.11.87 crore) in 2007-08 on account of a higher domestic market share and greater cost and operational efficiencies, the company said Monday. Net profits rose in the financial year ending Sep 30, compared to a loss of Rs.64.4 million (Rs.6.44 crore) the previous fiscal.
Loading ...