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Tag: net profit
Ericsson grows net profit 68% in Q4
2016-01-27 08:27:00| Telecompaper Headlines
(Telecompaper) Ericsson reported a strong improvement in fourth-quarter profits, supported by cost reductions and modest sales growth. Net profit jumped 68 percent to SEK 7.0 billion or SEK 2.15 per share, and operating profit was up 75 percent year-on-year to SEK 11.0 billion. Sales increased 8 percent from a year earlier to SEK 73.6 billion. The company reduced its operating costs by around 10 percent year-on-year in the second half of 2015, as part of its target to achieve SEK 9 billion in savings by 2017. In addition, higher revenues from IP licensing helped boost margins. After more than doubling operating cash flow in Q4, Ericsson raised its dividend by 9 percent to SEK 3.70 per share.
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Wipro Net Profit Up in Third Quarter
2016-01-18 11:01:53| IT Services - Topix.net
Wipro Ltd. on Monday reported a 1.7% rise in its fiscal third-quarter net profit as the firm continues to grapple with a changing technological landscape.
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Olam posts 30% fall in Q3 net profit, to achieve free cash flow generation by 2016
2015-11-13 04:54:40| Grocery - Topix.net
Olam International reported on Friday that its net profit for the fiscal third quarter ended Sept 30, 2015, fell 30 per cent to S$31.0 million, from S$44.3 million a year ago. OLAM International reported on Friday that its net profit for the fiscal third quarter ended Sept 30, 2015, fell 30 per cent to S$31.0 million, from S$44.3 million a year ago.
Tata Motors reports nearly INR 428 crore loss in net profit for second quarter of FY 015-16
2015-11-08 08:00:29| Automakers - Topix.net
Homegrown auto major Tata Motors has reported a consolidated net loss of INR 427.79 crore due to poor domestic performance and Jaguar Land Rover 's weaker sales in China, foreign exchange revaluation and higher depreciation and amortisation expenses in the British arm. The company had reported a consolidated net profit of INR 3,290.86 crore in the same quarter of the previous fiscal.
Singapore Airlines second-quarter net profit more than doubles
2015-11-05 15:22:44| Airlines - Topix.net
Singapore Airlines said Thursday its second quarter net profit more than doubled from last year, but warned about uncertainty due to an economic slowdown in emerging markets led by China. Net profit for the three months to September soared 135 percent to Sg$213.6 million , boosted in part by higher dividends from long-term investments, the carrier said in a statement.
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