Business News » financial report

MySpace will have loses of 165 millions USD during the year

viliyana89 — Sun, 22 May 2011 09:19:10 +0000

The problems faced by social networking site MySpace is over. The company posted a collapse in its financial results for the year. During the current financial year revenue will fall to 109 million dollars, said authoritative blog about technology techcrunch.com, citing confidential documents of News Corp. – Owner of MySpace. These data were made available to potential buyers of the network, writes techcrunch.com. This statement may be true, given that in November 2010 News Corp. announced the first official to seek a buyer for MySpace. In fiscal 2011 the maintenance of the network will cost 274 million dollars, ie 2.5 times more than the revenue J. Thus, according to official documents, MySpace will net loss of 165 million dollars. At the time MySpace was the star among social networks, which was why News Corp. it acquired in 2005 for 580 million dollars. With the rise of Facebook, however, started the problems for new acquisition by Rupert Murdoch. While in 2007 over 180 million Internet users have an account on MySpace, to February 2011 the number was 63 million. Accounting and revenue – in 2008 if MySpace had sales of $ 900 million, now the amount is 8-9 times lower. Already in 2009, the company launched a massive staff cuts, and last autumn completely changed the concept and went from a “social network platform for entertainment. Managers wanted to attract a larger audience with more music, films and shows.
Furthermore, MySpace has repeatedly changed its CEO amid the continuing decline in visitors.

The story of United Parcel Service

viliyana89 — Mon, 28 Feb 2011 03:00:00 +0000

The history of United Parcel Service is an old and well known symbol of the American dream come true. The company was founded in 1907 by 19-year James Casey, who take $ 100 borrowed from a friend to rely on business communication and consignments. It is now UPS – the biggest company in the world supply of small parcels. The company has 1.8 million daily customers who use its services and goods sent to 6,210,000 recipients in more than two hundred countries worldwide. The UPS’s core business is the delivery of packages and documents worldwide to determine the time. The company operates in three segments – supply in the U.S., international supply chain and supply and shipping. In 2010, UPS delivered about 15.6 million packages every day, including businesses and individuals worldwide. Total is 3.9 billion shipments throughout 2010 So far so good, but what could be interesting for a company the caliber of UPS, when it has long been the attention of traders and the largest institutional investors in the world as Vanguard, State Street Advisors, BlackRock Institutional Trust, T. Rowe, Wellington Management, Janus Capital Management, Fidelity Management and others who have long had stored piles of its shares.
The skeptics seeking shares yet to shine and quickly propel them into the infinite cosmos, would argue that UPS has long lost its luster and its future is hardly destined and not easily predictable. Assistance here comes an old Bulgarian proverb: “Where was ongoing, I will run. To be clothed in words evidence of aid coming financial results for the latest fourth quarter and throughout 2010. UPS announced a report, which significantly exceeded analysts’ forecasts. Net profit for the fourth quarter grew 44% year on year to 1.119 billion dollars or 1.08 dollars per share from 0.75 dollars for the same period of 2009. The company’s revenues jumped 40% to 13.421 billion for the quarter from 12.38 billion for such analogous of 2009 operating profit of UPS for the same period was 1.8 billion dollars, and in 2009 was 1.26 billion dollars. For all of 2010, revenues of UPS jumped 9.4 percent to 49.5 billion dollars. Annual operating profit increased by 47% to 5.8 billion dollars as international and supply chain have made a record 1.9 billion dollars and 577 million respectively. Average earnings per share of UPS is 356 dollars for 2010, an increase of 54% compared to 2009 It is clear that the UPS results show strong growth of the company and improvement of the business being dealt with. This strengthens its position against competitors and makes it a perfect starting point for next year.
Free capital balances of UPS at the end of the year is 3.1 billion dollars without payments to pension plans increase to $ 2 billion for the quarter. The company made 1.4 billion capital expenditure in the year paid dividends of EUR 1.8 billion and held repurchase 12.4 million shares totaling nearly $ 800 million. UPS also increased by 10.6 percent dividends will be paid on March 2, from 47 to 52 cents a share. Since 2000 the company has tripled the amount of dividend distributions, and then was 17 cents.

The profit of Visa increased with 51 percents

viliyana89 — Tue, 16 Nov 2010 07:39:55 +0000

The biggest credit card operator in the world Visa please its shareholders with an increase in its profit by 51% in the fourth fiscal quarter due to increased use of cards by consumers, so that it brings more revenue from transaction processing. For the quarter ended September 30, San Francisco-based company posted net profit of 774 million dollars or 1.06 dollars per share. A year ago, the positive financial result was the amount of 514 million dollars, or 69 cents a share. After excluding one-time revenues and expenditure of earnings per share amounted to 95 cents. This proved to be more than projected by analysts polled by Thomson Reuters, 94 cents a share. The revenues of Visa for the quarter increased by 13% yoy to 2.12 billion dollars from 1.88 billion a year ago. Market forecasts were for earnings of 2.09 billion dollars. The number of transactions processed by Visa cards increased by 16% to 12.1 billion dollar equivalent of payments increased by 14% to 802 billion dollars. The value of credit card consolidation increased by 16 per cent.
The net income of Visa for the fiscal year ended Sept. 30 amounted to 2.97 billion dollars or 4.03 dollars per share, from 2.35 billion dollars or 3.10 dollars per share, last year. The revenues for fiscal 2009/10 rose to 8.07 billion dollars from 6.91 billion dollars in 2008-09 fiscal year. For the next fiscal year guidance of Visa expects 20 percent profit growth, which equates to earnings per share of 4.73 dollars, as estimated in the range of 4.52 to 5.00 dollars per share. The company said it will repurchase its shares for 1 billion USD.

Higher alimunium prices took Rusal to profit

viliyana89 — Wed, 01 Sep 2010 13:15:23 +0000

The Russian group Rusal, which is the largest aluminum producer in the world, announced twice larger than expected profit for the second quarter after commodity prices rose this year due to increased demand from rapidly growing Asian economies. For best quarterly results contribute and increase the market value of the share of Rusal in Russia’s largest mining company Norilsk Nickel. Rusal net profit for the three months ended June 30 amounted to 1.02 billion dollars, or 7 cents a share, compared with a loss of 230 million dollars, or 2 cents a share, a year ago. Market analysts predicted a smaller net profit of 393 million dollars. Profit for first half of the year amounted to 1.27 billion dollars compared with a loss of 868 million dollars a year ago. Moscow-based company that is controlled by Russian billionaire Oleg Deripaska, increase its production this year after aluminum rose by more than 50%. Its price has risen to an average of 2,130 dollars per tonne on the London Metal Exchange in the first half of this year from 1,422 dollars per tonne a year ago, according to Rusal. According to company management demand of aluminum in Russia jumped 50 percent this year and another 30% next.
Rusal revenues of the second quarter increased by 51% yoy to $ 3 billion. Gross profit margin increased to 34% in the first half to 8 percent a year ago. Market valuation of 25-percent share of Norilsk Nickel company reached 7.2 billion dollars at the end of June compared with 4.5 billion dollars a year ago. Rusal shares rose more than 4 percent to 7.97 Hong Kong dollars at today’s trading session in Hong Kong where the company foliage this year.

Big airline companies with 3,9 billion USD profits

viliyana89 — Tue, 31 Aug 2010 12:38:11 +0000

The major airlines have made a profit of 3.9 billion dollars in the second quarter of 2010 show to the International Air Transport Association IATA. This indicates that the sector is in much better financial position compared to same period last year. Then the 47 largest airlines, the results of which are monitored by International Air Transport Association IATA, registered a loss of 881 million dollars. Main tribute to the strong performance had stable fuel prices and the gradual recovery of demand in recent months. With the strong performance are North America and Asia-Pacific region, the results of European airlines have been supported by sales of assets for 1.3 billion dollars. The profits of the airline companies, increased after the summer season in Europe, Asia and North America, which caused serious profits for the airlines. The companies removed the losses after the Iceland vulcano and realized high increase of the profits, which is also good sign for economy recovery. For the same period last year 47 leading airline suffered a loss of 881 million dollars.
The positive financial report of many companies supported world increases in the beginning of the current week.

Peugeot with positive financial report

viliyana89 — Tue, 27 Jul 2010 09:41:09 +0000

The second largest European car company PSA Peugeot Citroen returned to profit in the first half of the year with the help of government incentives for the automotive sector, which stimulated sales in Europe this year. Net profit of the French company for the period from January to June amounted to 680 million euros, compared with a loss of 962 million euros a year ago. The revenue for its first half year increased by 21% yoy to 28.40 billion euros, which contribute to programs of European governments to encourage purchases of cars and the release of several new models. Market analysts had expected the Paris-based company to net profit of 416.7 million euros based on sales of 28.3 billion. For the whole year management expects operating profit of 1.5 billion. Data of the Association of European Automobile Manufacturers show that in the first half of the year the market share of PSA Peugeot Citroen in Europe increased by 0.8 percentage points to 13.7 per cent. CEO of PSA Peugeot Citroen hopes Philip Vary by market penetration in developing countries to reduce dependence on sales in Europe, which are nearly two-thirds of all revenues of the company.
He predicts that by 2015 half of sales will have on markets outside Europe.

BP reported 17 billion USD loses because of petroleum spillage

viliyana89 — Mon, 26 Jul 2010 05:20:03 +0000

The crude oil company BP announced that the head of the operation to contain and clean the spill in the Gulf of Mexico Bob Dudley will serve as CEO from 1 October. Her former manager Tony Hayward submitted his resignation after the company accumulated a loss of 17 billion dollars for the second quarter along the colossal cost of 32 billion dollars to clean the oil stain in the Gulf of Mexico and compensate the victims of the incident, Reuters reported. It was caused by the sinking of oil rig Deepwater Horizon in late April, which killed 11 people and caused the largest environmental disaster in U.S. history. To cover losses, BP plans to sell assets for 30 billion dollars. This is three times more than the original plans of the oil company to obtain $ 10 billion through the sale of its deposits. If you exclude the cost of 32 billion dollars oil spill along, BP would have issued a profit of 5 billion dollars and 8.9 billion operating cash flow, which is 31 percent more annually. BP has recently sold its deposits in the U.S., Canada and Saudi Arabia, the independent oil and gas company Apache against the amount of 7 billion dollars. They are estimated to be about 2% of energy reserve company.
Handbook of BP plans to sell most of their deposits, it will retain only those for which believe they have the potential for growth. The company also plans to reduce its net debt to 10-15 billion dollars over the next 18 months to 23 billion dollars at the end of last year. Dividends for this year will be paid, and costs of capital investments are reduced to $ 18 billion from the previous $ 20 billion. Tony Hayward will remain on the board of directors of BP by the end of November and will then be appointed director of its Russian subsidiary TNK-BP. He could retire after two years when he was 55 years. The annual salary is estimated at 1.04 billion pounds, in his pension has accumulated 10.8 billion lira at the end of last year.

Deutsche Bank with higher profit than expected

viliyana89 — Mon, 26 Apr 2010 22:49:16 +0000

The largest commercial bank in Germany Deutsche Bank reported 48 percent profit increase for first quarter, thanks to the good performance of the investment division of a financial institution. The positive financial result of the bank is 1.76 billion euros or 2.66 euros a share for 1.19 billion reported January-March 2009 analysts’ expectations were more modest profit of 1.33 billion. The investment bank division has doubled its profits tax shouting to 2.6 billion due to the trade in shares and debt instruments. Agency sign that Bank of America and JP Morgan reported record profits of banking investment. Write-offs of assets were EUR 241 million. against EUR 1.5 billion a year ago. Although data reach an inhabited the company’s shares fell to 67 cents to 54.68 EUR at 10:32 local time.
The financial report of Deutsche Bank is good sign for economy recovering of Eurozone and Germany.

Ford with high profit for the first quarter

viliyana89 — Sun, 25 Apr 2010 06:40:49 +0000

Ford Motor, which is the only company of American carmakers in the U.S. avoided bankruptcy last year, announced a profit of 2.1 billion dollars for the first quarter. Excluding one-off costs and earnings per share profit was 46 cents in expectations for 31 cents. The reported profit was higher than market expectations. The company reported fourth quarter earnings, which is the longest positive series since 2005. For the period January to March 2009, the Company reported a loss of 1.43 billion dollars. In its communication to the media, the company stated it expects this year to take account of stable earnings and this will happen one year before the deadline of Chief Executive Alan Mullan.
Ford’s revenue for the first quarter amounted to 28.1 billion dollars, or 15 percent above those for the same period last year.

The profits of Johnson & Johnson is increasing

viliyana89 — Thu, 22 Apr 2010 07:55:28 +0000

Largest producer of healthcare products worldwide Johnson & Johnson reported 29 percent profit growth for first quarter of this year, which is a sign that the company continues to recover from the crisis, which affected its operations last year, forward AP. Much of the growth of profit, however, due to the effects off, bearing the company 910 million dollars in revenue from the liquidation fee. Its sales have also increased – by 4% yoy to 15.63 billion dollars. U.S. sales decreased by 5% over the past 12 months, while its revenues from international markets increased by 14.4 per cent. Nearly two-thirds of this increase is due to changes in exchange rates over the past year. The net profit of Johnson & Johnson for the first quarter amounted to 4.53 billion dollars or 1.62 dollars per share, compared with a positive result of 3.51 billion dollars or 1.26 dollars per share for the same period 2009. If one-off effects are excluded, the positive financial result increased by 3.1 percent to 3.6 billion dollars or 1.29 dollars per share. This was more than economists forecast profit of 1.27 dollars per share and revenue of 15.6 billion dollars. Relatively good financial results for the company’s first quarter was marred by the projections of its management, which reduced its forecast for the entire 2010 to U.S. $ 4.8 earnings per share compared to previous 4.9 dollars.
Market capitalization of the company, which participated in 1997 in the prestigious stock index Dow Jones IA, increased by 24 percent over the past 12 months and at the end of yesterday’s trading session was 182 billion dollars. Shares of Johnson & Johnson rose 0.4 percent to 66.26 dollars per share in times of today’s electronic trading on the New York Stock Exchange.