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BHP First Half Profit Declines on Higher Costs
Feb 06, 2:47 PM EST |
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| BHP reported first half profit declined 2.8% to $6.0 billion but earnings per share increased 2.8% to $1.06 on fewer shares. |
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| BHP Billiton petroleum unit earnings climbed 22.3% to US$1.97 million for the first half ended Dec. 31, 2007 thanks to stronger production and higher prices for oil and gas outputs. Total production for the 6 months was 60.5 million BOE, up 5% from a year ago. Petroleum outputs enjoyed higher average realised prices in the quarter, with the biggest gain in the price of oil outputs at an average US$81.20 per barrel, up from US$63.77 a year ago. |
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Time Warner’s Outlook Disappoints
Feb 06, 1:31 PM EST |
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| Time Warner forecasts 7% - 9% EBITDA growth for 2008, compared with the 17% increase in 2007. |
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| The second-largest U.S. cable operator saw a better-than-expected 23% gain in quarterly profit, but disappointed investors warning that 2008 earnings are expected to miss estimates. For the year, the company forecast earnings per share of $1.25 to $1.30 from continuing operations, while revenue growth is seen at 9% for the year from $16 billion in 2007. |
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Mitsubishi Heavy Nine-Month Profit Up 41%
Feb 06, 1:13 PM EST |
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| The quarterly profit increase was led by strong sales in the Mass and Medium-Lot Manufactured Machinery, especially in Europe and Asia. |
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| Net income increased to 54.2 billion yen ($508 million) in the nine months ended Dec. 31 from 38.5 billion yen a year ago. Sales climbed 4% from a year earlier to 2.13 trillion yen led by 30% sales growth in Asia and 26% in North America. The company lifted its full-year net income forecast to 60 billion yen from 54 billion yen and the operating profit estimate to 130 billion yen from 115 billion yen. |
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TCS Revenue Jumps 8.4%
Jan 30, 10:47 AM EST |
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| Earnings per share increased from 7.67 rupees during the third quarter a year ago to 11.3 rupees in the latest quarter. |
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| Third quarter income rose 11.4% to 11.047 core rupees, from 7.502 crore rupees a year ago. After tax profit during the quarter rose 9.6% to 1,019 crore rupees. The provider of mission-critical wireless communications added that it has received orders for $12 million in messaging software and related systems for delivery to leading carriers in the first half of fiscal 2008 versus an average of about $4 million a year ago. |
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Reliance Communications Profit Jumps 49%
Jan 25, 9:57 AM EST |
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| Net income climbed 49% to 13.7 billion rupees ($348 million) in the latest quarter from 9.24 billion rupees a year ago. |
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| India''s second-largest wireless provider said that sales rose 27% to 47.8 billion rupees. The company added 4.64 million customers in the quarter to a total of 41 million. Reliance''s market share has shrunk to 17.6% from 21% a year earlier after the company had to disconnect unverified users, according to government regulations. |
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Reliance Industries Profit Meets Expectations
Jan 15, 9:15 AM EST |
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| Third-quarter net profit was 38.82 billion rupees thanks to growth in the company’s refining margins. |
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| India''s largest private sector company posted net sales of 345.90 billion rupees for the latest three months. The results are not comparable with those of a year ago as they include the effect of a merger with Indian Petrochemicals. For the third quarter, the company''s gross refining margins increased to 15.4 usd a barrel from 11.7 usd a barrel reported last year. |
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Wendy's Profit Disappoints Despite Reduced Costs
Feb 04, 8:48 AM EST |
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| Net profit was $14.1 million, or 16 cents per share, compared with $3 million, or 3 cents per share, a year ago. |
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| Excluding the restructuring and other charges, Wendy’s earned $18.4 million, or 21 cents a share. In the fourth quarter, total quarterly sales declined to $596 million. U.S. same-store sales added 0.2%, while at the company-owned outlets same-store sales dropped 0.8% from a year earlier. Wendy’s saved $20 million in costs as a result of its efforts to tighten its expenses. |
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Humana Reports a 57% Increase in Profit
Feb 04, 8:15 AM EST |
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| Net income for the fourth quarter increased to $243.2 million, or $1.43 a share, from $155 million, or 92 cents a share, a year ago. |
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| For the fiscal year, Humana’s net income rose 71% from a year ago, to nearly $833.7 million. Quarterly revenue increased 12% to $6.34 billion, while annual revenue jumped 18% to $25.3 billion. Pretax earnings in the company’s government segment amounted to $304.6 million compared with $187.3 million a year ago. Medicare Advantage premiums climbed 22%, to $2.8 billion. |
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Mitsubishi Estate Nine-Month Profit Drops 13%
Feb 05, 2:45 PM EST |
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| Net profit for the latest quarter was 43.5 billion yen, down from 50.1 billion yen a year ago. |
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| Quarterly operating profit dropped 16.6% to 92.2 billion yen. Revenue declined by 20.5% to 485 billion yen after the sale of the company’s real estate firm Cushman & Wakefield. The performance of the company’s core building management business continued to improve, thanks to the higher land prices in Japan. The company sees fiscal 2008 net profit at 85 billion yen, operating profit of 169.5 billion yen and revenue of 789 billion yen. |
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BP Net Profit Jumps 53% on New Oil Operations
Feb 05, 2:04 PM EST |
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| Net profit rose to $4.4 billion, from $2.88 billion a year ago, while revenue including asset disposals rose to $81.5 billion from $62.8 billion. |
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| BP reported a 53% jump in quarterly net profit Tuesday thanks to the rising oil prices, but full-year profit declined hurt by the climbing expenses and refining outages. Full year net profit fell 5.5% to $20.8 billion, while revenue added 6.2% to $291.4 billion. The management confirmed the plans to cut 5,000 jobs by the middle of next year. |
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