Textured Jersey Lanka PLC(TJL),Sri Lanka's premier manufacturer of knit fabric,demonstrated its operating excellence by doubling net profits for the quarter ended 30 September 2012(2Q FY2012/13),as per the financial results released to the ...
Tags: Textured Jersey Lanka, knit fabric, net profits, financial results
US food group Hormel Foods saw its profits accelerate in the final quarter of its financial year amid stronger earnings from its grocery products business. Hormel, which makes Spam canned meat, booked a 13% increase in net earnings to ...
Tags: food, grocery, canned meat, taco, burrito, refrigerated foods
The Russian steel giant Severstal released its financial report for the third quarter of this year recently. The firm's operating profits and net profits both declined in the third quarter due to dropped selling prices. In the ...
Global music artist and producer will.i.am and The Coca-Cola Company announced at a private launch event that the Levi's brand,MCM,RVCA and Case-Mate will be joining anchor partners,Beats by Dr.Dre and New Era as the newest members of the ...
Samsung Electronics said Friday that stronger-than-expected sales of its Galaxy smartphones sent operating profits up 90 percent in the latest quarter,but analysts warned its results could take a hit in the coming months as it books legal ...
Tags: Samsung, Galaxy, Smartphone, Apple
Equipment maker Scientech noted that the firm's share in high-end LED wet bench processes has exceeded 50%. The firm expects the LED market to continue expanding. Scientech's new single wafer wet processor tool for front-end semiconductor ...
Tags: LED
Prudential is seriously contemplating to wash its hand from its UK life annuity business as its operation in the UK is not fetching sumptuous profit. The same move has been termed as a "disaster", by its chief executive officer Tidjane ...
Tags: UK Arm, Prudential, annuity business, sumptuous profit
The packaging group reported a 74% jump in operating profits to €354m in the first-half of the year, driven by a strong performance from its Europe and international division. In its corrugated division, Mondi said that underlying ...
Tags: profits, mill, packaging, packaging group
Increasing OSB sales volumes and prices helped Louisana-Pacific’s (LP) main OSB division return second-quarter operating profits of US$17m (2011: US$23m loss). The OSB division reported net sales of US$195m (2011: US$141m). Sales ...
Tags: market view, OSB
Strongco Corporation recently reported financial results for the three and six months ended June 30, 2012. "We are pleased with the continued growth in revenues and operating profits evident in Strongco's results for the second quarter of ...
Tags: market view, Construction machine
Metsä Wood has posted first-half operating profits of €16m from sales of €471m but the company hinted that its third-quarter performance would be hit by a number of factors. The company said that seasonal fluctuations in ...
Tags: market view, wood
UPM’s forest and timber division has recorded €2m second-quarter operating profits excluding special items. The result becomes a loss if special costs of €43m - relating to the restructuring of UPM's sawn timber and further ...
Tags: market view, timber
US cereal giant Kellogg has booked a drop in first-half profit as raw material prices and weakness in Europe weighed on earnings. Net profit in the six months to the end of June amounted to US$659m,a 7%decline on the prior-year ...
Tags: earnings, profit, raw material, prices
Samsung today announced revenues of £26.6bn thanks to a huge boost from its mobile business. The overall revenue amount was 21% higher than the same period last year, with operating profits rising 79% year-on-year to £3.7bn. ...
Tags: Samsung, mobile, smartphone, tablet
Software provider SAP expects a strong second quarter, with revenues up 18% on last year to €3.9bn (£3bn) for the three months to June and operating profits increasing by EURO920,00, a 7% increase. In its preliminary results ...