Samsung posted a record net profit of $6.6bn (£4.2bn) in the final quarter of 2012, the firm announced in its Q4 earnings release, but warned of more difficult times to come. It comes one day after rival smartphone producer Apple ...
Tags: Samsung, net profit, smartphone
The Ikea concern increased retail turnover in the 2011/2012 financial year (31 August) by 9.5% to €27.628bn. Adjusted for currency-exchange effects, this represented growth of 7.1%, while adjusted for selling space and ...
Tags: Ikea, retail turnover, company news
Oman Cement Co has recorded a 36.7% rise in its net profit from $45.5m (OMR 17.5m) to $33.2m (OMR 12.8m) for the year 2012, according to a company disclosure to the Muscat Securities Market. Total revenue rose 17% to $154m (OMR 59.3m) ...
Tags: Oman Cement, net profit, company news
Nokia plans to roll out in the first quarter of this year its Nokia Music+, a new subscription-based upgrade to its free-to-stream mobile music service. The paid service will offer unlimited downloads of sets of tunes or "Mixes" for ...
Tags: Nokia, Paid Upgrade, Music Service
SAP's revenue in the fourth quarter grew by 12 percent, helped by strong growth in the market for its cloud applications, its HANA in-memory database and mobile applications. Revenue in the fourth quarter ended Dec. 31 was $5 billion ...
Tags: SAP, revenue, cloud applications
The Australian sharemarket closed at a 20-month peak as high-yield stocks made strong gains. At the close today, the benchmark S&P/ASX 200 index was up 22.4 points, or 0.47 per cent at 4810.2, while the broader All Ordinaries index gained ...
WISCO Logistics Co., logistics subsidiary of Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO), plans to create the largest logistics center for steel trading in central China, as reported by Chinese media ...
Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. Ltd has issued its financial results for 2012, indicating a net loss of RMB 350 million ($56 million), compared to a net profit of RMB ...
Tags: Minmetals, steel trading, steel market
CONSHOHOCKEN, PA. --- Ikea reported that its U.S. sales for the fiscal year ended Aug. 31 grew 11% from the previous year, and same-store sales were up 8%. Worldwide, Ikea Group's sales were up 7.1% to 27.6 billion euros (about $36.8 ...
According to the international financial reporting standards (IFRS), SAP’s revenue in Q4 2012 grew by 12%, which was helped by strong growth in the market for its cloud applications, its HANA in-memory database and mobile ...
Huawei released its preliminary financial performance results for 2012 this week, projecting its global sales revenue to reach $35.5 billion, an 8% year-on-year increase. Net profit is expected to reach $2.4 billion, a 33% increase over the ...
Tags: Huawei, financial performance results, 2012
Unilever has booked an expectation-beating increase in underlying sales as growth of its personal care division offset a "weak" food performance. The Anglo-Dutch consumer goods giant said today (23 January) that underlying sales in the ...
Oman Cement Co has posted a 36.7% increase in its net profit for full-year 2012 to OR17.5m, compared with OR12.8m in the previous year, Muscat Daily has reported. "The growth in net profit is mostly volume driven with some recovery in local ...
Tags: Oman Cement, cement, construction, cement price
On January 22, Liaoning Province-based Chinese steelmaker Lingyuan Iron and Steel Co. announced that according to its preliminary estimates its net profit for 2012 decreased by over 70 percent year on year. In 2011, the company’s net ...
Tags: Lingyuan Steel, steelmaker, steel market
Wipro's fourth-quarter IT services revenue grew 4.8% year on year, reflecting an overall recovery in offshoring to India. The Indian outsourcer said Friday revenue from IT services in the quarter was $1.58 billion, as its customers ...
Tags: IT service, Wipro, India