Procter & Gamble reported a profit of 2.47 billion dollars or 80 cents earnings per share in its fiscal fourth quarter, forward Reuters. To sew period last year the company that makes products such as forward the Pampers diapers and washing product Tide had a profit of 3.02 billion dollars. However, the results are slightly better than expectations of analysts, which provides that the profit per share will be 78 cents. For the period April-June the company is registered sales to 18.66 billion dollars as the experts expected 19.27 billion dollars. Since the beginning of the year the company’s shares have decreased by 10.3 percent, in pre-trading on the New York Stock Exchange shares decreased by 1.9 percent to 54.40 dollars.
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The biggest energy company in Italy and the owner of the Maritsa East 3 Enel reported 28% growth in its net profit to 3.524 billion euros in the first half of the year versus the same period in 2008, announced by the company. The company’s operating profit increased by 11 percent to 5.579 billion euros. The company’s revenues amounted to 28.457 billion or 3 percent less than the same period last year. The net electricity produced by the Enel Group in the first half of 2009 amounted to 122.4 tera-W/h (growth of 5.1%), of which 42.3 TWh in Italy and 80.1 TWh – in the world. Of the total net amount of 53.8% is produced from thermal power stations, 34.5 percent from renewable sources (hydro, wind, geothermal and biomass) and 11.7 percent from nuclear plants. As part of the plan to refinance and extend the average maturity of the consolidated liabilities of the Group Board of Directors of Enel and approve the issue – until June 30, 2010, one or more bond issues to a maximum value of 10 billion euros.
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The U.S. bank Goldman Sachs will likely account for a huge profit in the second quarter of 2009. The publication quoted analysts that the bank will take into account the profit of more than $ 2 billion for the period March-June, the average expectation of Wall Street have a net profit of Goldman Sachs from $ 3.54 per share. These gains would exceed the profits of Goldman Sachs for the first quarter that were in the amount of $ 3.39 to share. Despite these rather positive expectations about the profitability of Goldman Sachs, the U.S. stock markets and the world today, July 13, remain under pressure. Asian markets fell by around 2 percent and U.S. stock futures are “red” with 0.75-0.85%, due to concerns about the financial performance of major U.S. companies for the second quarter. The average estimates are for losses of about 36 percent in financial performance results of these 500 companies entering the index S & P500. The focus this week will be placed on the accounts of leading U.S. banks are expected as follows: a Goldman Sachs (of 14.07), of JP Morgn Chase (16.07) and Bank of America and Citrgoup (17.07). Special forecasts for the banks are better financial results for the second quarter, but they relate mainly to weaken rules on so-called market valuation of financial assets (mark-to-market accounting), which came into force exactly in the second quarter of 2009. While banks in the U.S. enjoy a good state banks in the UK are at risk.
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