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.
UK gas distributor Centrica takes majority 50.3 percent stake in takeover target VentureAugust 24th, 2009 Centrica ups stake in takeover target VentureLONDON — British gas distributor Centrica Group PLC said Monday it has accumulated a 50.3 percent majority stake in its takeover target, North Sea drilling company Venture Production PLC. Centrica said it bought 8.4 percent of Venture on Monday for 845 pence a share — the offer price under its 1.3 billion pound ($2.1 billion) takeover offer — taking the total it owns to 40.1 percent.
Popeyes' owner AFC Enterprises sees second-quarter profit slide 3 percentAugust 20th, 2009 AFC Enterprises' second quarter profit falls 3 pctATLANTA — Restaurant operator AFC Enterprises Inc. said Wednesday that its second-quarter profit fell 3 percent as sales dipped.
Hormel 3Q profit rises 49 percent as it improves operating profit; beats analyst expectationsAugust 20th, 2009 Hormel 3Q profit rises 49 pct on lower costsAUSTIN, Minn. — Hormel Foods says its third-quarter profit rose 49 percent to beat analyst expectations.
Sportswear company Puma's 2nd-quarter profit down 16 percent to euro39 millionAugust 7th, 2009 Puma 2Q net profit falls 16 percentFRANKFURT — Sportswear maker Puma AG said Friday that its second-quarter net profit dropped 16 percent as higher operating costs and lower interest rates on investments weighed down its earnings. Herzogenaurach, Germany-based Puma said net earnings in the April-June period fell to euro39 million ($56 million) from euro46 million a year earlier.
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.
Michigan power company CMS Energy back 2009 outlook of $1.25 per shareJuly 30th, 2009 CMS Energy reaffirms 2009 outlookJACKSON, Mich. — Power company CMS Energy on Thursday reaffirmed its adjusted profit outlook for 2009 of $1.25 per share.
UK energy company Centrica H1 net profit down 89 pct; operating profit down only 5 pctJuly 30th, 2009 Centrica H1 net profit down 89 pctLONDON — British energy company Centrica PLC said Thursday that net profit fell 89 percent in the first half from a year earlier, when earnings were boosted by a one-time gain, and announced it was selling operations in Spain and the Netherlands to concentrate on Britain and North America. 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, when the company booked a 1.4 billion pound gain mainly from hedging on cash flow.
Honda's net profit plunges 95.6 percentJuly 29th, 2009 TOKYO - Honda Motor Co saw its net profit plunge 95.6 percent to 7.56 billion yen ($80 million) in the April-to-June quarter because of a global decline in auto sales, the Japanese carmaker said Wednesday. Although cost-cutting measures showed some positive effects in earnings results in Honda's first quarter, Japan's second-largest carmaker said production cuts and a stronger yen reduced operating profit in those three months.
BP Q2 profit up 71 pct to $4.4 billion from Q1, but less than half of year-ago levelJuly 28th, 2009 BP Q2 profit up 71 pct from Q1, halved on the yearLONDON — BP PLC, Europe's second largest oil company, said Tuesday that second-quarter profit rose 71 percent compared with the previous quarter, beating market forecasts, but was still more than halved from a year earlier. Net profit for the period was $4.39 billion compared to $2.56 billion in the first quarter.
Dutch telecom KPN says Q2 profit rises 4.8 percent, sees weak demand from corporate customersJuly 23rd, 2009 Dutch telecom KPN's Q2 profit up 4.8 pctAMSTERDAM — Royal KPN NV, the largest Dutch telecommunications company, said Thursday its net profit rose 4.8 percent in the second quarter due to growth at its German mobile telephone business and better margins in the Netherlands. Net profit was euro370 million ($526 million), up from euro353 million.
Reports: Centrica agrees deal to buy 25 percent stake in nuclear operator British EnergyMay 10th, 2009 Reports: Centrica to buy stake in British EnergyLONDON — British energy firm Centrica PLC is on the brink of a deal to buy a 25 percent stake in nuclear power operator British Energy for 3.1 billion pounds ($4.7 billion), newspapers reported Sunday. The Sunday Times and Sunday Telegraph said French power provider Electricite de France SA had agreed to sell the stake to Centrica, which owns British Gas.
Germany's Audi sees 29 percent drop in 1st-quarter operating profit as sales fallApril 27th, 2009 Audi 1Q operating profit down 29 percentFRANKFURT — German luxury carmaker Audi AG said Monday that its first-quarter operating profit fell by 29 percent as the global economic crisis ate into sales. Ingolstadt-based Audi said its operating, or pretax, profit was down to euro363 million ($479 million) in the January-March period from euro514 million a year earlier.
Italy's largest energy company Eni says 1Q profit down 43 percent on lower oil prices, demandApril 24th, 2009 Italy's Eni says 1Q net profit down 43 percentMILAN — Italy's largest energy company, Eni SpA, says first quarter earnings dropped 43 percent due to the sharp reduction in oil prices and European demand for gas. Eni reported Friday that net profit in the first quarter of the year was euro1.9 billion ($2.48 billion) compared with euro3.32 billion a year ago.
Yum Brands says 1Q profit falls 14 percent mainly on stronger dollarApril 22nd, 2009 Yum Brands 1Q profit down 14 pctLOUISVILLE, Ky. — Restaurant operator Yum Brands Inc.
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