Visa Inc, the world's largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday due to a good holiday season and a strengthening U.S. job market that encouraged people to spend. The company said ...
Tags: Visa, credit card, debit card
Listed companies in Japan saw average pretax profits rise 2% on the year in the April-June quarter, despite April’s consumption tax hike. Automakers and consumer electronics companies were among the top performers in a Nikkei pretax ...
Tags: Automakers, Electronics
Lite-On Technology has reported that its fourth-quarter 2013 consolidated sales reached NT$59.36 billion (US$1.95 billion), up 12% on year and 4% on quarter, hitting a 10-quarter record high. Net profits were NT$2.52 billion, up 9% on year ...
Tags: Lite-On Technology, LED lighting
All currencies in this story have been converted to Australian dollars at today’s (4 February 2014) exchange rate Sales of Electrolux appliances in Australia “declined somewhat” in the final three months of 2013, ...
Tags: Electrolux appliances
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
Solvay published quarterly unaudited restated financial information for the first nine months of 2013 and the full year 2012 taking into account European Chlorovinyls’ discontinued operations. On May 7th, 2013 Solvay and Ineos ...
Tags: Solvay, Financial Data
Alcoa kicked off the much-watched third quarter earnings season with much better-than-expected results. Analysts were calling for the No. 1 aluminum maker to report an adjusted five cents a share profit. Alcoa ended up reporting an ...
Tags: Alcoa, aluminum maker
Swiss Re Group has posted net profit of $786m for the second quarter of 2013, compared to $83m during the corresponding period earlier year, despite high level of natural calamities. Commenting on the financial performance in the quarter, ...
Najran Cement Company has said that its profits for the second quarter of 2013 increased by 140% year-on-year to $17.3m, while profits for the half year were up by 41% to $40.3m (SR: 151.2m). The company said the reason for the ...
Tags: Construction, Decoration, Cement
HTC's share value has dropped by seven per cent after Friday's announcement that the Taiwanese phone maker had suffered an 83 per cent profit drop compared to the second quarter of 2012. Shares in HTC are now worth only $189, harking back ...
Tags: HTC, smartphone
Telecoms network EE has confirmed that it will not be releasing the HTC First smartphone in Europe following a poor response to the Facebook Home interface in the US. The HTC First, often referred to as "Facebook Phone", is the first to ...
Tags: HTC, Computer Products
Tesla Motors has paid off the remaining portion of the loan granted to it by the US Department of Energy in 2010. The California-based electric vehicle manufacturer transferred US$451.8 million ($464.0 million) this week to clear its debt ...
Tags: Tesla Motors, sport car
LIKE several Japanese technology firms, Toshiba has its back to the wall. The vagaries of the yen, decline in demand for TVs and computers and Japan's earthquake and Tsunami in 2011 left manufacturers wounded. Case in point is Toshiba ...
Tags: Toshiba, Laptop, Computer Products
Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) has posted operating profit of $134m for the first quarter of 2013 compared to $217m in 2012. Decrease in the year-over-year quarterly profit and the ...
Tags: Service
Japan's Toshiba says its quarterly net profit has tumbled 62 per cent from a year earlier, with demand for its televisions, computers and other digital products stumbling. The technology and engineering conglomerate said it had earned ...
Tags: Toshiba, net profit