The Board of Directors took notice of the information regarding the expenditures of Gazprom and its subsidiaries. It was noted that in the previous two years Gazprom had been one of the world's leading companies by net profit and that it ...
Tags: Gazprom, gas production, international oil
Chinese infant formula group Synutra International has lowered its full-year outlook for a second time, having booked a second-quarter loss. The company said net losses totalled US$44.2m in the three months to the end of September, ...
Tags: Synutra, infant formula group, full-year outlook, second-quarter loss
US distributor United Natural Foods (UNFI) has recorded an increase in first-quarter profit. In the three months ended 27 October, net profit amounted to US$21.5m compared to earnings of $15.2m last year. Operating profit climbed 40.8% to ...
Tags: UNFI, first-quarter profit, increase, net sales
The Associated Chambers of Commerce and Industry of India has welcomed the provisions of spending of at least 2% of net profit on corporate social responsibility activities in the Companies Bill, mandatory for some of the select corporate, ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: grocery retailer, Magnit, first-half profit, higher sales, net profit
Michael Foods has booked an increase in first-half net profit as lower financing costs, improved margins and higher sales boosted the bottom line. The US egg packer said today (14 August) its net earnings for the six months to 30 June ...
Tags: Michael Foods, first-half net profit, lower financing costs
A fall in production has hit half-year profits at UK-listed palm oil processor New Britain Palm Oil. CEO Nick Thompson said heavy rain made it harder to collect and transport fresh fruit bunches. The wet weather also meant the fruit ...
Tags: oil process, profits, New Britain Palm Oil, production fall
Russian retailer X5 Retail Group's bottom line improved in the third quarter year-on-year - but its sales slid and operating profit fell. X5 booked a net profit of US$12.1m for the three months to the end of September, compared to a ...
Tags: X5 Retail, sales, operating profit, bottom line
Mr Bo Andersson president and CEO of GAZ Group which is a part of Basic Element one of the Russia’s largest diversified industrial groups, has been honored with the 2012 Automotive Supply Chain Outstanding Achievement award 2012. ...
Tags: ASCOA Award, GAZ, vehicle industry
US retailer Safeway Inc has booked an increase in third-quarter earnings, helped by one-time items, but reported a drop in operating profit as it battled weak consumer confidence. The company said yesterday (11 October) net profit ...
Tags: Safeway Inc, earnings, operating profit, consumer confidence
Canadian Business reported that a hit to electricity contracts with aluminum smelters reduced Hydro Quebec's profits in the Q3. Excluding a charge related to the planned closure of the Gentilly-2 nuclear reactor the public utility's ...
A "solid" third quarter has led Denmark-based food ingredients firm Chr. Hansen to raise its forecasts for annual sales and EBIT margins. Chr. Hansen said today (4 July) it expects its sales to increase by 9-11% on an organic basis and ...
Slovenian food retailer Mercator revealed yesterday (13 November) that it generated a loss in the first nine months of the year despite flat sales. Mercator booked a loss of EUR22m (US$27.96m) in the first nine months, down from a net ...
Tags: Mercator, flat sales, loss, company news
Dutch supermarket operator and wholesaler Sligro has booked a 25.2% drop in operating profit as intense price competition and challenging economic conditions weighed on margins. The firm revealed this morning (19 July) that net profit ...
Tags: Sligro, profit down, operating profit
PTI reported that the government is likely to sell its 10% equity this week in iron ore miner NMDC, which could fetch the exchequer nearly INR 6,300 crore at the current market price. A senior government official said that "The stake sale ...
Tags: iron ore miner, market price, largest domestic iron ore miner