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Ambuja Cements Profit Up 32%
Feb 01, 11:31 PM EST |
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| Ambuja Cements reported 2007 earnings rise of 32% on 18% increase in sales on fast rising demand from housing industry. |
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| Ambuja Cements reported 2007 net profit increase of 32% to 1,769 crore rupees on 18% rise in sales to 5,898 rupees. Ambuja, one of the three largest cement makers in India, is on an expansion drive to build larger clinkering and grinding facilities to tap into the rising demand driven by the fast rising housing market. Operating earnings margin fell on higher fuel, labor, and trasportation costs. |
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MAN Group Operating Profit Rises 57%
Feb 11, 2:41 PM EST |
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| Operating profit increased to an all time high at 1,730 million pounds up from 1,105 million a year ago. |
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| Sales during the fourth quarter were up by 19% to 15.5 billion pounds from 13 billion pounds a year ago. Sales from commercial vehicles advanced 1.7 billion pounds or 20% to 10.4 billion pounds of which 512 million pounds originated from the sale of leased vehicles from MAN Finance''s fleet. Excluding one-time items, sales of Commercial Vehicles rose by 14% and the MAN Group''s by 15%. |
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Deutsche Bank's Quarterly Profit Falls 48%
Feb 11, 2:12 PM EST |
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| Net income fell to 953 million euros ($1.39 billion), or 1.93 euros a share, hurt by lower debt trading revenue and growing compensation costs |
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| Despite difficult conditions in the leveraged finance markets, Deutsche Bank’s full-year revenues grew 8% year-on-year to 30.7 billion euro driven by a rise in revenues in the Corporate and Investment Banking division and Private Clients and Asset Management segment where 365,000 new clients were acquired in the fourth quarter. The company also said net write-downs in the fourth quarter were less than 50 million euro. |
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Inpex Revises Earnings Outlook
Feb 09, 11:42 AM EST |
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| Rising oiil and gas prices helped Inpex to lift its sales and earnings outlook for the fiscal year. |
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| Inpex Holdings reported a net sales rise of 17.6% in the nine months to December 31st of 857 billion yen from 729 billion yen realized in the year ago period as sales volumes of both gas and Brent crude oil rose. In the nine-month period, net income jumped 9.6% from 107 billion yen realized a year ago to 117 billion yen. Inpex oil revenues climbed 23% from a year ago in the nine months to December 31st to 556 billion yen on a 4.4% increase in sales volumes from 60,444 Mbbl to 63,127 Mbbl. |
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JAL Profits on Price Hikes, Routes Refocus
Feb 09, 10:10 AM EST |
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| JAL carried 10 million international and 31 million domestic passengers but revenue per kilometer fell 4.4%. |
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| Japan Airline looks for profitable revenues in flights between Japan and other Asian destinations including China, Korea, and regional countries. JAL added more cargo and passenger flights to Asia and rationalized flights to the North American destinations. Japan’s largest airline said third quarter operating revenues fell 4.4% to 558.2 billion yen a year ago. Revenues rose 1% on 5.6% price hikes. |
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Lubrizol Gains, Brush and Cott Decline
Feb 08, 2:57 PM EST |
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| Beckman Coulter, bio medical testing equipment maker, posted earnings of 69 cents per share, down 29% on 11% rise in sales in the fourth quarter. |
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| Lubrizol’s fourth-quarter earnings surged from a year ago thanks to stronger sales volumes and selling prices that helped lift margins. Cott Corp. posted another big fourth-quarter loss, declines in North America sales dragged the bottom line down. Chindex International reported third-quarter net income of $3.89 million or 42 cents per share, vs. $679 thousand, or 9 cents per share, for the year-ago quarter. |
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Emerging Markets Sales Lift Isuzu’s Profit
Feb 08, 1:54 PM EST |
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| Quarterly profit advanced 21.9% as sales on the domestic market and exports increased by 24.2% to 256 billion yen. |
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| Japan''s largest truck maker Isuzu said that third quarter sales revenue increased 28.5% to 430 billion yen as export shipments grew to 6,000 units from 5,000 units a year ago and Middle East and Africa climbed to 15,000 units from 11,000 units last year. Net income increased 2.5% from a year ago to 244 billion yen in the quarter ended December 31st. |
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Tata Motors January Vehicle Sales Decline
Jan 30, 11:04 AM EST |
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| Vehicle sales for the month of January 2007 declined to 54,796 units from 55,440 reported a year earlier. |
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| India''s top bus and truck maker said that sales of commercial vehicles increased 5.6% from a year ago to 30,530 units. Exports climbed 10.8% to 4,147 units. Indica sales dropped 14.6% to 12,360 units, while the Indigo family posted sales of 2,901 units, down 9.5% from a year ago. Cumulative sales of passenger vehicles in the domestic market slid 4.8%, while total sales including exports declined 1.16% from a year ago. |
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Bajaj Auto Net Falls 3% Despite Higher Revenue
Jan 30, 9:54 AM EST |
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| Quarterly net profit fell to Rs 326.81 crore vs. Rs 336.42 crore last year, while revenue rose 6% from a year ago to Rs 2,501.70 crore. |
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| India''s second- biggest motorcycle maker attributed the 5.2% drop in net income to the higher interest rates that slowed demand. Bajaj Auto added that quarterly vehicle sales declined to 713,135 units from 738,219 a year earlier, while sales of motorcycles fell 2.8% to 634,316 units and of three-wheeled vehicles declined 13% to 74,419 units. |
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Unilever’s Revenue Rises but Profit Declines
Feb 08, 8:58 AM EST |
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| Net profit declined to 721 million euros ($1.06 billion) in the latest quarter from 2.03 billion euros reported a year ago. |
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| The world''s second largest maker of consumer products said that sales for the quarter increased 1.7% from a year ago to 9.89 billion euros ($14.6 billion). The management said they continued to see growth in the US, despite recession concerns. Unilever forecast company-wide sales growth at the upper end of a 3% - 5% range in 2008. |
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