Posts Tagged ‘financial reports’
Wednesday, September 1st, 2010
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.
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Tags: finances, financial report, financial reports, monthly reports, Oleg Deripaska, quarter report, report, Rusal, Rusal revenues
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Tuesday, July 27th, 2010
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.
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Tags: financial report, financial reports, Hoggar, management, Peugeot, Peugeot Hoggar, positive financial report
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Monday, April 26th, 2010
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.
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Tags: Deutsche Bank, expected, financial report, financial reports, Germany, higher profit, profits
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Sunday, April 25th, 2010
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.
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Tags: American carmakers, bankruptcy, carmakers, Chief Executive, financial report, financial reports, first quarter, Ford
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Wednesday, April 21st, 2010
The largest company producing soft drinks in the world – the U.S. Coca-Cola, announced profit growth of 19 per cent in the first quarter. That has contributed to the strong performance of the company’s products on foreign markets. This is offset significant cost savings to American consumers because of the crisis. Profits of Coca-Cola for the quarter to April 2 at the rate of 1.61 billion dollars, or 69 cents a share, compared to a profit of 1.35 billion dollars, or 58 cents a share for the same period last year. Company revenue rose 5 percent to 7.53 billion dollars. The results of Coca-Cola are among the few who were below the expectations of market analysts for major companies in the U.S.. The forecasts were for earnings of 75 cents per share on revenue of 7.72 billion dollars, transmits AP. Most improved results of Coca-Cola in Eurasia and Africa, where sales volumes increased by 11 per cent. Surge in India is 29 per cent, while in Turkey – 11 per cent. Double-digit growth was achieved even in Russia, Egypt, Brazil, Vietnam and the Philippines.
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Tags: Coca Cola, finance, financial reports, financial resport, financial result, financial results, increase, profits, report, reports
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Saturday, October 24th, 2009
McDonald’s, which is the largest chain of fast food resturanti in the world, said profit for the third quarter by 5.9 percent over the same period last year. The company’s net profit amounted to 1.26 billion dollars or 1.15 percent per share 1.19 billion and 1.05 dollars per share. Company revenue for the period decreased by 3.5% to 6.05 billion dollars. Analysts forecast a profit of 1.11 dollars per share. In the United States in recent months, the company counts on its new range of products, which includes the McCafe espresso and largest sandwich came out until now Angus. After the data the company’s shares jumped by 2.5 percent to 59.80 dollars as the beginning of the year decreased by 6.2%.
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Tags: financial report, financial reports, higher profit, McDonald's, profit, share
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Friday, October 23rd, 2009
One of the largest pharmaceutical companies in the world – the U.S. Merck, has tripled its profits in the third quarter. The reason for this lies in the successful sale of its subsidiary for Merial Veterinary Medicine of the French pharmaceutical company Sanofi-Aventis SA. Merck’s net profit for the period from July to September jumped to 3.46 billion dollars or 1.61 dollars a share, from profit of 1,12 billion, or 51 cents per share for the third quarter of 2008 After excluding one-off effects of earnings per share amounted to 90 cents. This proved to 8 cents more than the expectations of market analysts, cited by Bloomberg. Revenue of New Jersey-based company rose by 2 percent annually to $ 6 billion as Merck won 1.7 billion dollars from the sale of its subsidiary company, Merial. Merck plans to acquire 41 billion dollars against rival Schering-Plough by the end of this year. Schering-Plough published earlier today its financial results for the third quarter, which showed a profit decline of 16% to 515 million dollars, or 29 cents a share.
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Tags: companies, financial report, financial reports, Merck, pharma, pharmaceutical, pharmaceutical company, profit
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Thursday, October 22nd, 2009
The Industrial company 3M Co, which produces over 55 000 different products, reported third-quarter profit that surpassed analysts’ expectations. Net profit for the third quarter of 3M is 957 million dollars or 1.35 dollars per share in earnings per share of 1.41 dollars for the same period last year. If you exclude certain one-off effects, profit of the company is 1.37 dollars per share, the average Wall Street expectations were for earnings of 1.17 dollars per share. 3M sales fell by 5.6 percent annually to 6.2 billion dollars. Since the beginning of the conglomerate in 2008 was shortened 5 800 jobs in order to optimize the cost. 3M’s shares started today’s session of the New York Stock Exchange to rise from 38 cents to 76.33 dollars. Since the beginning of the year they rose by 33 per cent. While 3M raise profit forecasts for the entire 2009 years of 4,5-4,55 dollars per share. The company’s previous forecast was for profit of 4,1-4,3 dollars per share.
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Tags: 3M, finance, finances, financial, financial report, financial reports, market, report, reporting
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Thursday, October 22nd, 2009
Italian Fiat automobile concern announced that for the third quarter of the year, sales revenue fell by 62 percent, and the reason for this is mostly a partnership with Chrysler Group, wrote in an online version of newspaper Wall Street Journal. The report of the company shows that its net profit in the third quarter fell nearly 19 times – up to 25 million, compared to 468 million EUR a year earlier. Revenue fell to 12 billion euro, 14.3 billion EUR a year ago at this time. “The company may reconsider the viability of investments made and planned, and even lead to their reduction,” he wrote in a message distributed to the media of concern. Because of this Fiat forecasts that revenue from sales by the end of the year will fall by another 1 billion EUR and losses of the Group will reach 5 billion EUR.
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Tags: concern, EUR, Fiat, financial report, financial reports, loses, profit, profit drop, profits, sales
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Wednesday, October 21st, 2009
The main stock indexes in the United States fell in early on the last trading session this week, after the financial results of General Electric and Bank of America disappoint investors, and the index of consumer confidence in the University of Michigan unexpectedly decreased. As a result, Dow Jones IA away from the one-year peak, which subdued during yesterday’s session. Two hours after the start of trading the index of the 30 largest companies on the New York Stock Exchange decreased by nearly 1 percent to 9962.9 points. The wider S & P 500 retreated further to 1.1 percent to 1084.2 points while the index of companies by the exchange Nasdaq – Nasdaq Composite, lost 1.3 percent to 2145.5 points. Financial and technology companies are ranked among the top companies in the losers of the session. The loss of the largest in size of its assets to U.S. Bank Bank of America for the third quarter was greater than expected. Investors ignored the good financial results on Google and IBM, and the rise of industrial production by 0.7 percent in September.
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Tags: Bank of America, building, business, business building, Dow Jones IA, finances, financial, financial report, financial reports, GE, General Electric, reports
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