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M&S FY profit slumps 74.8% on store closure costs

2018-05-23 12:06:00| Daily apparel & textile news and comment - from just-style.com

M&S has revealed profits slumped by almost three-quarters last year as a result of declining sales of clothing, food and homeware and what CEO Steve Rowe called "short-term costs" as a result of its turnaround plan.

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Singtel's FY profit jumps 41% to SGD 5.4 bln

2018-05-17 08:56:00| Telecompaper Headlines

(Telecompaper) Singapore operator Singtel ended the financial year with a net profit of SGD 5.45 billion, which represents an increase of 41.5 percent year-on-year. Revenue growth was mainly boosted by gains from the divestment of NetLink Trust and a strong performance by its core business, Singtel said. Operating revenue for the full year was up 5 percent to SGD 17.53 billion while EBITDA rose 2 percent, reflecting higher mobile and fixed broadband customer numbers in Australia and contributions from the Group's digital businesses.

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Disney rides Black Panther to profit

2018-05-08 22:47:40| BBC News | Business | UK Edition

The blockbuster movie helps Disney's profits soar, amid questions about its 21st Century Fox bid.

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HTC returns to net profit in Q1 after asset sale to Google

2018-05-08 13:47:00| Telecompaper Headlines

(Telecompaper) HTC reported a return to net profit in the first quarter, of TWD 21.1 billion versus a loss of TWD 2.1 billion in the year-earlier period. The result was helped by a gain on the sale of assets to Google, completed at the end of January.

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HSBC reports surprise pre-tax profit fall

2018-05-04 06:52:54| BBC News | Business | UK Edition

The lender made $4.8bn in the first three months of 2018, down by 4% on the same period a year earlier.

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