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Oil firm Saudi Sabic's quarterly profit drops 29%

2016-01-18 02:33:38| Chemicals - Topix.net

Saudi Basic Industries Corp., one of the world's largest petrochemical companies, on Sunday posted a 29.4% drop in quarterly profit as sales prices for its products fell. The company, better known as Sabic, made a net profit of 3.08 billion riyals for the three months period ending Dec. 31, down from 4.36 billion riyals for the same period last year, it said in a brief statement posted on the local stock market's website.

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General Motors raises profit outlook

2016-01-13 17:06:19| BBC News | Business | UK Edition

General Motors shares jump after it raises its profit forecast for 2016 and promises to return more money to shareholders.

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SuperValu meets 3Q profit forecasts

2016-01-13 15:42:03| Food - Topix.net

On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 13 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 16 cents per share.

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SuperValu meets 3Q profit forecasts

2016-01-13 15:37:41| Grocery - Topix.net

On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 13 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 16 cents per share.

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GM raises 2016 profit outlook, boosting share buybacks, dividend

2016-01-13 15:17:52| Automakers - Topix.net

Jan 13 General Motors Co said on Wednesday it will return cash to shareholders by raising its stock buyback program by 80 percent to $9 billion and increasing its dividend by 6 percent. GM also raised its 2016 earnings per share forecast to $5.25 and $5.75 per share from a previous 2016 outlook made in October of between $5.00 and $5.50 per share.

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