On January 22, Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Co. (Ansteel) announced its preliminary financial results for 2013, stating that it achieved a net profit of about RMB 770 million ($126.2 million) for the ...
Tags: Ansteel, reducing costs
Unilever reported that its 2013 turnover was down 3% to €49.8 billion with foreign exchange 5.9% and net acquisitions and disposal 1.1% Finance costs and tax The cost of financing net borrowings in 2013 was €397 million versus ...
Tags: Unilever, foreign exchange
Novozymes, the world’s largest producer of industrial enzymes, announced its 2013 financial results. Organic sales growth was 7% (5% DKK, 8% LCY), EBIT grew by 6% and net profit by 9%, and the EBIT margin increased by 0.3 percentage ...
Tags: industrial enzymes, Textile
Asian Piants Ltd. has released their financial results for the quarter and nine months ended December 31, 2013. "The decorative paints business in India did well considering the challenging and uncertain macro environment," said K.B.S. ...
Saudi Cement has posted a $68.3m (SAR 256m) net profit for the fourth quarter of 2013 – an 8% fall from the $74.1m (SAR 278m) figure it recorded in the same period the previous year. The company attributed the profit drop to a ...
Tags: Cement, Construction, Decoration
Con-way Inc. said its fourth-quarter net profit is likely to be about the same as that of 2012 as expenses increased in its less-than-truckload and logistics units. In addition, bad weather late in December hurt operations at its ...
US chip giant Intel said Friday it will trim its workforce by five percent this year as it shifts from personal computers to powering mobile gadgets. Word of the job cuts came a day after Intel reported that its net profit last year sank ...
On January 16, Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) announced that it returned to profit in 2013 following the strong net loss it had recorded in 2012. Accordingly, the group has posted a net ...
Tags: Ansteel Group, Mineral
Despite tough economic environment and rising input costs, the Rajasthan-based Banswara Syntex saw its bottom-line growing over two-fold in the quarter ended September 2013, helped by turnaround in exports in line with the rupee ...
Tags: Banswara, Lycra, RBI, readymade garments
Driven by robust performance from its fiber-related business, Japanese textile company GSI Creos Corporation witnessed a strong rise in sales revenue in the first half of FY 2013-14. The company, which is primarily engaged in the ...
Tags: GSI, fabric-related business, FY 2013-14
India-based textile conglomerate SEL Manufacturing Company has clocked a remarkable 73.92 per cent growth in its consolidated net profit at Rs 54.93 crore for the six month ended September 30, 2013, driven by sustained operational ...
Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd swung to profit in the quarter and half-year ended September 2013 on back of robust yarn demand from China and better sales realizations with sharp depreciation in rupee against US ...
Tags: RSR Mohota, Textile
Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel (Group) Co. (Liuzhou Steel Group) announced on January 13 that in 2013 its pig iron, crude steel and finished steel outputs amounted to 10.33 million mt, 10.73 ...
Tags: Liuzhou Steel, Crude Steel
On January 14, Zhejiang Province-based Chinese steelmaker Hangzhou Iron and Steel Group Company (HISGC) announced that in 2013 its sales revenues totaled RMB 102.8 billion ($16.8 billion), compared to the target of RMB 100 billion ($16.34 ...
Tags: Hangzhou Steel, Mineral
Telecommunications provider, Telstra, is set to make $454 million from a new strategic partnership with Platinum Equity as it prepares to sell 70 per cent of its stake in its directories business, Sensis, to the US-based private equity ...
Tags: Telstra, Telecommunications