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Daimler’s Profit Rises 5% on Strong Unit Sales
Feb 19, 12:51 PM EST |
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| Quarterly profit grew to 1.6 billion euro from 12 million euro a year ago thanks to strong units sales, especially of Mercedes Benz vans. |
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| The German maker of luxury vehicles added that full year revenues were unchanged at 99.3 billion euro from 99.2 billion euro last year. Net profit for the fiscal year rose to 3.98 billion euro from 3.7 billion euro a year earlier as unit sales gained 1% to 2,088,973 units from 2,072,885 units a year ago. Full year EBIT also grew 74% from 4.99 billion euro last year to 8.71 billion euro. |
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Hindalco Profit Drops on Lower Metal Prices
Feb 01, 9:53 AM EST |
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| Net income declined to 5.43 billion rupees ($138 million) in the third quarter, from 6.44 billion rupees a year ago. |
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| India\''s biggest aluminum producer, added that its sales fell 3% from a year ago to 45.3 billion rupees. All Indian smelters suffered from the 12% jump of the rupee compared to the dollar and the lower smelting fees. Hindalco lifted aluminum output by 9% and copper by 12% in the latest quarter. |
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Idea Cellular Net Profit Doubles
Feb 18, 6:49 AM EST |
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| Net profit for the December quarter jumped to 2.4 billion rupees from 1.13 billion rupees a year earlier. |
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| The Indian GSM mobile services operator reported 9.8% higher revenues during the third quarter at 17.1 billion rupees compared with 1.5 billion rupees a year ago, as the company’s user base expanded. Idea Cellular added 2.38 million customers to end the quarter with 21.05 million customers. For the quarter, adjusted EBITDA advanced 11% from the year-ago period. |
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Blue Dart Sales Rise 21%
Feb 11, 2:47 PM EST |
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| The company posted a Rs 69.93 crore profit after tax for the year ended December 31, 2007, up by 39% from a year ago. |
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| Income from operations for the year ended December 31, 2007 was 808.72 crore, up 21.06 % from the corresponding period a year earlier. South Asia''s integrated air express courier and logistics company’s annual expenditure climbed to 7 million rupees from 5.9 million rupees with freight, handling and serving costs accounting for 5 million rupees of the total costs. |
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Bharti Airtel Net Jumps 42%
Feb 01, 2:26 PM EST |
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| The company posted a 42% increase in its net profit to Rs 1,722 crore for the third quarter versus Rs 1,215 crore a year ago. |
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| The telecom service provider’s consolidated revenues increased 42% to Rs 6,964 crore for the latest quarter, compared to Rs 4,913 crore in the same period a year earlier. The company’s market share of all India wireless subscribers was 23.6%. Bharti Airtel’s number of users had climbed to 60 million, including fixed-line and broadband. |
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Subprime Losses Drag UBS Net
Feb 18, 1:40 PM EST |
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| Quarterly net loss was 12.45 billion francs ($11.28 billion) after writing down 15.6 billion francs in mortgage-related investments. |
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| Switzerland''s largest bank UBS said that total operating income fell to 31 billion francs from 47.7 billion francs in the year-ago period as record revenues in equities and investment banking were offset by the global asset management division. UBS management forecasted 2008 will be another difficult year for the company. |
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Baidu's Quarterly Profit Surges 79%
Feb 15, 1:00 PM EST |
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| Quarterly profit rocketed led by increased revenues that were generated from online marketing customers. |
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| China''s leading Internet search engine added that online marketing revenues in the quarter increased 111.2% from a year earlier. For fiscal 2007, net profit jumped 108% from a year ago to 629 million yuan while revenues jumped 110% to 1.74 billion yuan. Baidu expects first-quarter revenue to increase 93% to 99% from a year earlier. |
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Advance Auto Parts Net Drops; Sales Climb 3.2%
Feb 14, 2:33 PM EST |
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| Fourth quarter revenue increased to $1.05 billion from $1.02 billion last year. |
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| The automotive parts retailer’ s net earnings for the fourth quarter were $34.8 million, or 35 cents per share, compared with $35.4 million, or 33 cents per share, in the same quarter the previous year. ValueClick, online marketing services company, posted a 14% rise in revenue for the fourth quarter to $183.1 million from $160.4 million a year ago. |
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Volumes and Prices Lift Rio Tinto’s Profit
Feb 14, 12:56 PM EST |
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| The global mining company posted a 9% jump in profit for the second half of fiscal 2007, partly thanks to record iron-ore production. |
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| Rio Tinto’s full-year EBITDA rose 11% from a year ago to $13.9 billion as prices of all commodities rose above their 2006 levels, with the price of copper increasing by more than six times from last year. Net earnings for the year declined 2% from a year ago to $7.3 billion. The company again rebuffed a takeover bid by its rival BHP Billiton. |
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Declining Shipments Drag Sega Sammy’s Profit
Feb 13, 10:17 AM EST |
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| Profit fell 15.4% on weak shipments in Pachinko, Pachislot, Amusement Machines and Amusement Facilities coupled with sluggish domestic demand. |
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| Sega Sammy slashed its November net income forecast for the full year through March as shipments and domestic sales are anticipated to decline. Net income fell to 15.7 billion yen from 49.3 billion yen a year ago. Net sales slid to 342 billion yen from 404.2 billion a year earlier. |
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