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Agrium sees Q4 net profit fall 48% to US$51M; sales off 6% at US$2.7B

2015-02-24 03:31:10| Chemicals - Topix.net

Agrium Inc. has reported a 48 per cent year-over-year decline in fourth-quarter profits as overall sales fell six per cent, mainly as a result of downtime at its Vanscoy potash facility and Redwater nitrogen plant. The Calgary-based fertilizer producer and marketer says fourth-quarter net earnings were US$51 million or 33 cents per share, down from US$99 million or 66 cents in the same 2013 period.

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Cooper Tire profit misses expectations

2015-02-23 16:01:57| Industrial Machines - Topix.net

Cooper Tire & Rubber Co. said Monday that the sale of its Chinese joint venture and weak international growth offset the positive impact from cheaper raw materials, leading to weaker-than-expected earnings in the December quarter.

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PostNL Rises as Profit Beats Expectations on Parcel Business

2015-02-23 14:07:27| Trucking - Topix.net

PostNL NV rose the most in more than seven months after the Dutch mail delivery company reported earnings that beat analyst estimates on growth in its parcels business, fueled by online shopping. Underlying cash operating earnings rose 45 percent to 122 million euros in the fourth quarter, as parcel volumes jumped by 13 percent, The Hague, Netherlands-based PostNL said in a statement today.

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HSBC reports sharp profit fall

2015-02-23 09:40:14| BBC News | Business | UK Edition

HSBC has said 2014 was a "challenging year" after reporting a 17% drop in profit to $18.7bn.

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Maroc Telecom FY net profit up 5.6% to MAD 5.85 bln

2015-02-23 09:33:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom said its net profit for 2014 increased by 5.6 percent to MAD 5.85 billion from 2013 following an exceptional expense related to the settlement of a tax dispute in 2013. The group's customer base reached over 40 million customers by 31 December 2014, an increase of 8.2 percent compared with 2013, primarily due to the international operations, where the customer base is around 20 million customers, up 17 percent in one year. Revenues rose by 2.1 percent to MAD 29.14 billion, up 2.1 percent from 2013 at a constant exchange rates. This performance is primarily explained by an 11.3 percent increase in international operations, and a 0.8 percent decrease in revenues in Morocco.

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