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Baidu sees Q2 revenues jump 58%, net profit up 34%
2014-07-25 08:44:00| Telecompaper Headlines
(Telecompaper) Chinese internet search provider Baidu saw its second-quarter revenues jump by 58.5 percent year-on-year to CNY 11.9 billion. Operating profit increased by 22.5 percent to CNY 3.5 billion. Traffic acquisition costs reached CNY 1.5 billion, accounting for 12.7 percent of revenue from 11.6 a year ago. Net profit was up 34.1 percent year-on-year to CNY 3.5 billion in the second quarter. Adjusted EBITDA (non-GAAP) amounted to CNY 4.494 billion for the second quarter of 2014, representing a 29.3 percent increase from the year-earlier period. For the second quarter, Baidu expects revenues of ranging from CNY 13.4 and CNY 13.7 billion, representing a increase of 50.9 to 55 percent year-on-year.
RBS Group expects rise in profit
2014-07-25 08:30:36| BBC News | Business | UK Edition
Royal Bank of Scotland says it expects pre-tax profits of 2.65bn for the first half of the year and said it had to put aside less provisions for fines and compensation than expected.
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3M 2Q Profit Rises 6 Percent
2014-07-25 07:00:00| Coatings World Breaking News
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Sika Reports Growth in All Regions & Significant Rise in Net Profit
2014-07-25 07:00:00| Coatings World Breaking News
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Nucor profit exceeds estimates
2014-07-25 00:10:21| Steel - Topix.net
Nucor Corp., the most valuable U.S. steelmaker, reported second-quarter earnings that beat analysts' estimates as steel prices rose and U.S. construction markets improved, boosting the company's revenue from products used in building.
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