Articles for Billion Profit

SNB Posts $88 Billion Profit, Will Resume Payouts to State
4 days, 7 hours ago

SNB Posts $88 Billion Profit, Will Resume Payouts to State

Live Mint  

-- The Swiss National Bank anticipates a profit of about 80 billion francs for 2024, a result that will allow the institution to resume payouts to state coffers. Annual income from the central bank’s pile of foreign exchange reserves, accrued as a result of its years of purchases to weaken the franc, totaled around 67 billion francs, it said Thursday. …

Franc Snb Posts Posts 88 Billion Profit Snb Posts 88
Nissan slashes 9,000 jobs, cuts production by 20% amid 94% income drop, CEO to take 50% pay cut
2 months, 1 week ago

Nissan slashes 9,000 jobs, cuts production by 20% amid 94% income drop, CEO to take 50% pay cut

Live Mint  

Nissan Motor Co. has announced sweeping cuts to its workforce, production levels, and financial forecasts as the company grapples with intensifying industry challenges and internal weaknesses. Uchida acknowledged the dual challenges of external market pressures and internal missteps, including ambitious sales targets set by Nissan amid surging competition from Chinese automakers, as per Bloomberg report. Ratings Concerns Mount Nissan’s financial …

China Sales Billion Hong Cut Bloomberg Nissan
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
2 months, 1 week ago

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

Associated Press  

TOKYO — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs. For the latest quarter through September, Nissan racked up a 9.3 billion yen loss, a reversal from the 190.7 billion yen profit recorded the same quarter a year ago. Nissan, …

Billion Trillion Yen Nissan
McDonald's same-store sales fall for the 1st time since the pandemic, profit slides 12%
5 months, 2 weeks ago

McDonald's same-store sales fall for the 1st time since the pandemic, profit slides 12%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald's posted weak sales in …

Mcdonald
Hyundai and Kia expected to report USd 5.7 billion operating profit in Q2
5 months, 3 weeks ago

Hyundai and Kia expected to report USd 5.7 billion operating profit in Q2

India TV News  

Hyundai Motor and its affiliate Kia are projected to post an operating profit exceeding 8 trillion won in the second quarter, driven by an improved product mix and production adjustments. According to a Yonhap Infomax survey of local brokerages, both companies are estimated to report operating profits of 4.28 trillion won and 3.76 trillion won, respectively, for the three months …

Cent Kia Hyundai
Hugo Boss cuts full year sales guidance over weaker demand in China, UK
5 months, 4 weeks ago

Hugo Boss cuts full year sales guidance over weaker demand in China, UK

Live Mint  

July 15 - German fashion house Hugo Boss on Monday cut its sales guidance for the year to a range of between 4.20 billion euros to 4.35 billion euros over weakening global consumer demand especially in markets like China and the UK. Hugo Boss said that it expects operating profit to be around 350 million euros to 430 million euros, …

China Sales Euros Hugo Boss
Japan’s Sony reports surge in profit on strong sales of movies, games and music
8 months ago

Japan’s Sony reports surge in profit on strong sales of movies, games and music

Associated Press  

TOKYO — Profit at Sony surged 34% in the last quarter on strong sales of its video games, music and movies, the Japanese electronics and entertainment company said Tuesday. Tokyo-based Sony Corp.’s quarterly profit totaled 189 billion yen, up from 141 billion yen the year before. For the fiscal year through March, Sony recorded a 3% decline in profit at …

Japan Game Sales Japanese Sony Profit Billion
Japanese automaker Honda reports booming profit on sales growth, weak yen
8 months ago

Japanese automaker Honda reports booming profit on sales growth, weak yen

Associated Press  

TOKYO — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday. Annual profit at Tokyo-based Honda Motor Co. totaled 1.1 trillion yen as sales surged nearly 21% to 20.4 billion yen. The maker of the Accord sedan and CR Electric Proto motorcycles was …

Japanese Profit Yen Weak Yen Honda Reports
Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
11 months, 1 week ago

Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Meta Platforms Inc. tripled its …

Billion Meta Revenue Increase
This week: Starbucks, Amazon earnings; July jobs report
1 year, 5 months ago

This week: Starbucks, Amazon earnings; July jobs report

Associated Press  

BREWING PROFITS Starbucks reports its third-quarter financial results after the bell on Tuesday. In the same quarter a year ago, the retail coffee chain posted per-share profit of 84 cents on sales of $8.2 billion. Wall Street is expecting the e-commerce giant to post profit of 35 cents per share on $131.4 billion in sales for the quarter. In the …

Quarter Starbucks
Shell and Centrica’s billions spur calls for more action on energy firm profits
1 year, 5 months ago

Shell and Centrica’s billions spur calls for more action on energy firm profits

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In the future he expects British Gas Energy, Centrica’s …

Energy British Gas Profit Billion Million Shell
Microsoft reports $20.1B quarterly profit as it promises to lead ‘the new AI platform shift’
1 year, 5 months ago

Microsoft reports $20.1B quarterly profit as it promises to lead ‘the new AI platform shift’

Associated Press  

Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology. Macquarie analyst Sarah Hindlian-Bowler said investors have been focused on Microsoft’s early revenue from those artificial intelligence investments, the performance of the Azure cloud computing platform and …

Business Microsoft Revenue Platform Billion Ai
HDFC beats Q4 profit estimates on strong home loan demand
1 year, 8 months ago

HDFC beats Q4 profit estimates on strong home loan demand

Hindustan Times  

India's largest mortgage lender Housing Development Finance Corporation Ltd reported a bigger-than-expected 19.6% rise in fourth-quarter profit, boosted by strong demand for loans. HDFC said profit after tax rose to 44.26 billion rupees for the three months ended March 31, from 37 billion rupees a year earlier. The lender said it provided individual loans worth 93.40 billion rupees during the …

India Billion Hdfc Bank Hdfc Rupees
ABN Amro profit up over 55% to €1.9 billion due to rising interest rates
1 year, 11 months ago

ABN Amro profit up over 55% to €1.9 billion due to rising interest rates

NL Times  

One of the largest banks in the Netherlands, ABN Amro, saw profits last year rise by more than half compared to a year earlier. The interest rates mean ABN Amro can earn wider margins on savings that people have deposited with the bank. ABN Amro now also thinks it is in a strong enough position to reward its shareholders, which …

Dutch Netherlands Bank Interest Euros Amro Abn
Shandong SOEs post steady growth in Q1-3
3 years, 1 month ago

Shandong SOEs post steady growth in Q1-3

China Daily  

The operating revenue of 26 Shandong provincial State-owned enterprises reached 1.55 trillion yuan in the first three quarters of this year, official statistics showed. In the first three quarters, Shandong Energy Group achieved operating revenue of 620.56 billion yuan, an increase 30.66 percent year-on-year. Shandong Heavy Industry Group posted operating revenue of 276.93 billion yuan, an increase of 20.91 percent …

Revenue Profit Billion Group Yuan Shandong Increase
Record profit pushes SBI shares to all-time high
3 years, 5 months ago

Record profit pushes SBI shares to all-time high

Live Mint  

Shares of State Bank of India rose to their all-time high after the nation’s largest lender posted a record quarterly profit, driven by its non-lending business and lower provisions for bad loans. Net income rose 55% to 65 billion rupees in the three months to June, according to a statement Wednesday, beating the average estimate of 54 billion rupees from …

Sbi
Sony’s profit zooms to record on video games, ‘Demon Slayer’
3 years, 8 months ago

Sony’s profit zooms to record on video games, ‘Demon Slayer’

Associated Press  

TOKYO — Sony’s January-March profit zoomed eight-fold to 107 billion yen from a year earlier as people stuck at home during the coronavirus pandemic turned to the Japanese electronics and entertainment company’s video games and other visual content. Sony Corp. reported Wednesday a record profit of 1.17 trillion yen for the fiscal year that ended March 31, roughly doubling from …

Sony Profit Billion Yen Fiscal Demon Slayer
Tesla’s dirty little secret: Its net profit doesn’t come from selling cars
3 years, 11 months ago

Tesla’s dirty little secret: Its net profit doesn’t come from selling cars

CNN  

New York CNN Business — Tesla posted its first full year of net income in 2020 – but not because of sales to its customers. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements – such as Tesla, which exclusively sells electric cars. The $1.6 billion in regulatory credits it received last …

Business Cars Tesla Sales Profit Billion Net
Strong results from Facebook, Microsoft offer glimmer of hope
4 years, 8 months ago

Strong results from Facebook, Microsoft offer glimmer of hope

Live Mint  

Results of global tech majors beat analyst and street estimates amid the coronavirus-induced global economic slump. Facebook Inc. beat analysts’ estimates for quarterly revenue and said it has seen “signs of stability” for sales in April after a plunge in March. Facebook said advertising revenue was roughly flat in the first three weeks of April compared with the same period …

Teams Microsoft Sales Revenue Billion Million Quarter
JPMorgan’s profit plummets 69% because of coronavirus
4 years, 9 months ago

JPMorgan’s profit plummets 69% because of coronavirus

CNN  

New York CNN Business — As the coronavirus pandemic crushes the global economy, JPMorgan set aside a stunning $6.8 billion worth of reserves to insulate itself from loan defaults. America’s largest bank by assets said its net income fell to $2.9 billion in the first three months of the year, compared to $9.2 billion in the same period last year. …

Bank Billion Quarter Dimon Wells Fargo Jpmorgan Wells
HSBC results unveil massive job cuts and 33% profit drop
4 years, 10 months ago

HSBC results unveil massive job cuts and 33% profit drop

CNN  

Hong Kong CNN Business — HSBC on Tuesday said it would cut around 35,000 jobs and dramatically overhaul its business after its profit plunged by a third in 2019. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” interim chief executive Noel Quinn said during an earnings presentation. The strategy overhaul comes as HSBC contends …

Europe China Asia Hong Kong Bank Profit Billion
Bank of America rakes in record profit driven by strength from US households
5 years, 5 months ago

Bank of America rakes in record profit driven by strength from US households

CNN  

New York CNN Business — Bank of America hauled in its fattest profit ever during the second quarter thanks to sturdy spending from households that offset trouble in markets. Bank of America, which serves one in two US households, said that its view of the landscape points to a “steadily growing economy.” “We see solid consumer activity across the board,” …

Profit America Fed Bank Of America Banks Bank Us Households
BHP profit falls on US shale oil write-downs, CEO Mackenzie warns on protectionism
6 years, 4 months ago

BHP profit falls on US shale oil write-downs, CEO Mackenzie warns on protectionism

ABC  

BHP's profit has fallen 37 per cent due to a massive write-down on its US onshore oil and gas assets, Donald Trump's corporate tax cuts and the ongoing fallout from its Brazilian dam collapse. The company said its net profit of $US3.7 billion includes an "exceptional loss" of $US5.2 billion, after tax, compared to a profit of $US5.9 billion last …

Profit Billion Cent Bhp Shale Oil Ceo Mackenzie