Business News » financial reports

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.

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.

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.

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.

Coca Cola profits with 19% increase

viliyana89 — Wed, 21 Apr 2010 21:51:01 +0000

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.
In the first quarter of the year about three-quarters of the revenues of Coca-Cola came from markets outside North America, which, however, remains the largest market for soft drinks in the world.

McDonald’s reported higher profit than expected

viliyana89 — Sat, 24 Oct 2009 07:12:33 +0000

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%.
Sales in restaurants open more than 13 months rose by 3.8% in estimates of 2.9%. In the “old” stores the highest growth in Europe – 5.8%

The Pharmaceutical Company Merck increased its profit

viliyana89 — Fri, 23 Oct 2009 11:11:57 +0000

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.
Shares of Merck fell by 3.5 percent to 31.55 dollars in early session on the New York Stock Exchange. Market capitalization of the company which in 1979 enters into the composition of the stock index Dow Jones IA, e increased by 3.6 percent since the beginning of the year to 66.4 billion dollars.

The financial report of 3M better than expected

viliyana89 — Fri, 23 Oct 2009 05:55:32 +0000

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.
Among the plans of the company are spending $ 1 billion for acquisitions within the next 12 months.

Large profit drop of Fiat

viliyana89 — Thu, 22 Oct 2009 20:18:26 +0000

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.
This report came after a lot of speculations for the good financial situation of the company, which increased the shares of Fiat with 1.3 percents last week.