Reliance Industries Profit Meets Expectations
Jan 15, 9:15 AM EST |
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| Third-quarter net profit was 38.82 billion rupees thanks to growth in the company’s refining margins. |
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| India''s largest private sector company posted net sales of 345.90 billion rupees for the latest three months. The results are not comparable with those of a year ago as they include the effect of a merger with Indian Petrochemicals. For the third quarter, the company''s gross refining margins increased to 15.4 usd a barrel from 11.7 usd a barrel reported last year. |
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Mitsubishi Estate Nine-Month Profit Drops 13%
Feb 05, 2:45 PM EST |
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| Net profit for the latest quarter was 43.5 billion yen, down from 50.1 billion yen a year ago. |
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| Quarterly operating profit dropped 16.6% to 92.2 billion yen. Revenue declined by 20.5% to 485 billion yen after the sale of the company’s real estate firm Cushman & Wakefield. The performance of the company’s core building management business continued to improve, thanks to the higher land prices in Japan. The company sees fiscal 2008 net profit at 85 billion yen, operating profit of 169.5 billion yen and revenue of 789 billion yen. |
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Emerging Markets Lift Toyota’s Profit 7.5%
Feb 05, 12:35 PM EST |
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| Quarterly profit rose 7.5% buoyed by strong sales in North America, Asia, Latin America and Africa. |
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| Despite the increase in quarterly profit the company issued a cautious outlook due to the US economy concerns and the stronger yen. Net income rose to 458 billion yen vs. 426 billion yen a year ago. Net revenue added 9.2% to 6.7 trillion yen on strong vehicle sales in Japan and in overseas markets, especially in North America and in Asia. |
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Honda Profit Up 38%, Sales Rises 10%
Feb 04, 6:15 PM EST |
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| Quarterly profit rose 38% leveraged by record sales of automobiles and motorcycles and financial services in North America, Europe and Asia. |
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| The Japanese automaker said that its net income rose to 200 billion yen compared to 144.8 billion yen a year earlier. Sales and operating revenue increased 10% to 3.044 trillion yen. Honda recorded a 14.8% decline in sales of Power products from a year ago to 1.178 million units. The company declared a third quarter dividend of 22 yen per share and added that dividend for the fiscal year is expected to be at 86 yen per share. |
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Yahoo! Japan Profit Rises 31.5%
Feb 04, 7:56 AM EST |
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| Quarterly profit rose 31.5% on the back of robust sales in Display advertising and firm growth of Prime Display after aggressive marketing in October. |
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| During the latest quarter the performance of Yahoo Japan Corp. showed considerable improvement with net income rising to 17.1 billion yen from 15.1 billion yen a year ago. Net sales in the quarter jumped 14.8% to 70 billion yen, while income from Display Advertising and Prime Display, including the Yahoo! Real Estate continued to grow. Yahoo! Shopping and Yahoo! Auctions increased the number of merchants registered with Yahoo! by 20.6% to 30, 223. |
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Sony Sees 25% Rise in Profit, but Cuts Outlook
Feb 01, 11:00 AM EST |
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| Quarterly profit rose 25%, bolstered by robust sales of TVs and computer games, but Sony expects str |
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| Net income rose to 200.2 billion yen in the third quarter vs. 159.9 billion yen a year ago. Sales and operating revenue added 9.6% to 2.86 trillion yen thanks to the strong sales of Bravia L.C.D. televisions. Sony posted a 31.2% jump in sales of PlayStation 3 in the quarter but cut its 2008 sales outlook by 14%, to 9.5 million units. Sony also slashed its operating income outlook for 2008, saying it expects to earn 410 billion yen compared with the October guidance of 450 billion yen. |
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Infosys Profit Climbs 26%
Jan 14, 2:38 PM EST |
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| The India technology firm, reported third quarter revenue jump of 32% to $1.1 billion compared with $821 million reported in the year-ago quarter. |
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| India’s second-largest services provider posted 11.9% sequential increase in profits thanks to the stronger margins and more offshoring contracts. The company reported 25% growth in net profits from a year ago and added 47 clients in the most recent quarter. Earnings per ADS rose to 54 cents from 39 cents last year. Infosys forecasts income growth of 18.7% to 19.3% for the next quarter. For the year, the company expects income to grow by 19.7% to 19.9%, or $4.2 billion to $4.3 billion. |
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