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Overcapacity and Low Prices Are Eating Into Steel Companies' Profits
Dec 26, 2013Overcapacity and low prices are eating into steel companies' profits, an industry specialist said. Zhang Changfu, secretary-general of the China Iron and Steel Association, said on Sunday that the profits of China's steel companies in the ...
Tags: Steel Companies, Mineral
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The Russian Steel Pipe Producer TMK's Net Profits Dropped by 13%
Nov 28, 2013It’s reported that the Russian steel pipe producer TMK’s net profits dropped by 13% from a quarter ago to US$35 million in the third quarter of this year, according to the international financial reporting standards (IFRS). ...
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NLMK Posted a Net Profit of US$596 Million for 2012,Slumping by 56% Year on Year
Mar 28, 2013According to the US GAAP, the Russian steelmaker NLMK posted a net profit of US$596 million for 2012, slumping by 56% year on year due to recognition of one-off provisions and bad operating profits in the fourth quarter. In the fourth ...
Tags: steel, Metallurgy, Mineral, Energy
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Chun Yuan Steel's Total Sales Revenue in 2012 Falls Slightly by 1.69% From a Year Ago
Mar 25, 2013Chun Yuan Steel, one of the major carbon steel service centers and the steel structure suppliers in Taiwan said that its total sales revenue in whole 2012 totaled NT$17.381, falling slightly by 1.69% from a year ago. In 2012, the company ...
Tags: Metallurgy, Chun Yuan, Mineral
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Qatar Cement Has Revealed a 7% Decline in Net Profits for 2012
Mar 11, 2013Qatar Cement has revealed a 7% decline in net profits for 2012 to $116.8m (QR: 425.3m), from $125.3m (QR: 456m) in 2011. The company also saw its sales decline by 2.5% to $264.9m (QR: 964.3m), according to newly-filed accounts. Notes ...
Tags: Qatar Cement, net profits, cement industry
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BT Group Dropped in The Three Months to 31 December 2012
Feb 4, 2013Revenues at BT Group dropped in the three months to 31 December 2012, according to a statement released today, but the firm still managed to produce a profit thanks to cost cutting and lower operating costs. The statement presented ...
Tags: BT Group, operating costs, revenues
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Posco's Net Profits Slumped by 45% Year on Year in The Fourth Quarter of 2012
Jan 31, 2013It’s reported that the Korean steel giant Posco announced that its net profits slumped by 45% year on year to KRW561 billion in the fourth quarter of 2012. In the fourth quarter of 2012, Posco realized sales revenues of KRW15.06 ...
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One-off Costs Have Caused Profits at Ingredients Group CSM to Fall in 2012
Jan 30, 2013One-off costs have caused profits at ingredients group CSM to fall in 2012, but sales growth and better-than-expected underlying earnings saw the firm's share price jump following its results announcement. CSM's share price rose by 4% in ...
Tags: share price, CSM, net sales
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Intel Saw Its Sales and Profits Drop in 2012
Jan 23, 2013Intel saw its sales and profits drop in 2012 as the company was hit by slower demand for personal computers and its continued inability to make it big in the smartphone and tablet markets, although its data center business continued to ...
Tags: Intel, profits, personal computers, chips
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HTC Has Seen Its Profits Drop by 91 Per Cent Year-on-Year
Jan 7, 2013Beleaguered smartphone producer HTC has seen its profits drop by 91 per cent year-on-year,according to the Taiwanese firm's unaudited results for the fourth quarter of 2012. The$34.5 million(£21.44m)profit represents HTC's worst ...
Tags: HTC, Android, smartphone, CES
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Symantec Sacks CEO Enrique Salem as The Security Supplier's Profits Fell in Its Results
Dec 17, 2012Symantec has sacked CEO Enrique Salem as the security supplier's profits fell in its latest results. The news follows Symantec’s first quarter results which saw profits fall by 10% to $172m (pound 111m) for its first quarter and ...
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PepsiCo Has Booked a Drop in First-Quarter Profits
Dec 13, 2012PepsiCo has booked a drop in first-quarter profits as restructuring costs weighed on earnings. Net profit in the three months to the end of March slid 1% to $1.13bn in the period, PepsiCo reported today (26 April). Reported EPS in the ...
Tags: PepsiCo, drop, first-quarter profits, restructuring costs, earnings
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Smart Balance Has Said That First-Half Results Were in-Line with Its Expectations
Dec 13, 2012Smart Balance has said that first-half results were in-line with its expectations, despite reporting a 39% drop in net profit. For the six months to the end of June, Smart Balance saw net profit slide to US$4.2m. The US health food firm ...
Tags: Smart Balance, first-half results, expectations, net profit, drop
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a Hit to Electricity Contracts with Aluminum Smelters Reduced Hydro Quebec's Profits in Q3
Dec 12, 2012Canadian 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 ...
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The Real Good Food Co. Has Booked a Drop in Half-Year Profits, Despite Rising Revenues
Dec 12, 2012UK bakery and ingredients firm The Real Good Food Co. has booked a drop in half-year profits, despite rising revenues. The sugar-to-dessert company said profit for the six months to end September dipped to GBP1m (US$161.9m), down from ...
Tags: Real Good Food, profits drop, rising revenues, company news