Showing posts with label company result. Show all posts
Showing posts with label company result. Show all posts
Tuesday, 7 May 2013
Emami rises 3% on strong Q4 earnings, bonus issue
Emami Share Consolidated profit grew by 30 percent year-on-year to Rs 94 crore while sales rose over 13 percent to Rs 451 crore from Rs 398 crore, Y-o-Y.
Revenue growth was tad below street estimates of 19 percent because of 12.3 percent de-growth in international business.
Revenue growth was tad below street estimates of 19 percent because of 12.3 percent de-growth in international business.
Monday, 5 March 2012
UOB 4Q Net Falls 21%
nited Overseas Bank (UOB) Thursday reported a 21 percent drop in its fourth quarter net profit mainly due to the absence of one-time gains, but stressed that its core business remains strong given a positive outlook in Asia.
Singapore’s third-largest bank by assets posted a net profit of $558 million for the three months ended 31 December, down from $706 million a year earlier. The result was lower than the average estimate of $598.6 million from five analysts polled by Dow Jones Newswires.
However, UOB’s net profit for the fourth quarter of 2010 was boosted by a one-time gain of $152 million from the sale of UOB Life Assurance and United Industrial Corporation.
Net interest income for the October-December period gained 13 percent to $978 million from $865 million, while non-interest income fell 29 percent to $500 million from $700 million.
Singapore’s third-largest bank by assets posted a net profit of $558 million for the three months ended 31 December, down from $706 million a year earlier. The result was lower than the average estimate of $598.6 million from five analysts polled by Dow Jones Newswires.
However, UOB’s net profit for the fourth quarter of 2010 was boosted by a one-time gain of $152 million from the sale of UOB Life Assurance and United Industrial Corporation.
Net interest income for the October-December period gained 13 percent to $978 million from $865 million, while non-interest income fell 29 percent to $500 million from $700 million.
City Developments 4Q Net Profit Falls 32% On Lower Rental Income
Property developer City Developments on Wednesday reported a 32.3 percent drop in its fourth-quarter net profit mainly due to lower rental income, and flagged a challenging outlook for 2012 amid global economic uncertainties.The group remains optimistic that “resilient” demand will support its key Singapore residential market, as well as China’s slowing real estate sector.
“While the sales volume for new property launches is still relatively strong, the group is cognizant that market conditions could be affected by the global economic conditions in the months ahead,” City Developments Executive Chairman Kwek Leng Beng said in a statement.
City Developments “will carefully select the appropriate type of developments to launch in a timely manner, mindful of buyers’ appetite and demand,” Kwek said, adding that he expects the group to remain profitable in 2012.
Noting that most analysts expect China’s property prices to correct by a maximum 15 percent to 20 percent range, City Developments said it is devoting an additional $500 million toward potential business and land acquisitions there. The developer also expects further cuts to China’s reserve requirement ratio for banks this year, which could boost the property market due to higher liquidity and bank lending.
Net profit for the three months ended 31 December was $163.2 million, down from a restated $241 million a year ago and missing the average $193 million estimated by five analysts polled by Dow Jones Newswires. City Developments said the lower profits from rental properties was partly due to the absence of one-time gains from asset sales recorded in the fourth-quarter of 2010.
The developer restated comparable figures for 2010 in accordance with new financial reporting standards adopted last year, which recognises overseas projects and certain local projects only when they are fully completed. It originally stated 2010 fourth-quarter net profit at $176.7 million.
Fourth-quarter revenue was $721.5 million, up 7.4 percent from $671.6 million a year ago. The company proposed a dividend of 18 Singapore cents a share for 2011.
Net profit for 2011 rose 1.9 percent to $798.6 million from $784 million.
“While the sales volume for new property launches is still relatively strong, the group is cognizant that market conditions could be affected by the global economic conditions in the months ahead,” City Developments Executive Chairman Kwek Leng Beng said in a statement.
City Developments “will carefully select the appropriate type of developments to launch in a timely manner, mindful of buyers’ appetite and demand,” Kwek said, adding that he expects the group to remain profitable in 2012.
Noting that most analysts expect China’s property prices to correct by a maximum 15 percent to 20 percent range, City Developments said it is devoting an additional $500 million toward potential business and land acquisitions there. The developer also expects further cuts to China’s reserve requirement ratio for banks this year, which could boost the property market due to higher liquidity and bank lending.
Net profit for the three months ended 31 December was $163.2 million, down from a restated $241 million a year ago and missing the average $193 million estimated by five analysts polled by Dow Jones Newswires. City Developments said the lower profits from rental properties was partly due to the absence of one-time gains from asset sales recorded in the fourth-quarter of 2010.
The developer restated comparable figures for 2010 in accordance with new financial reporting standards adopted last year, which recognises overseas projects and certain local projects only when they are fully completed. It originally stated 2010 fourth-quarter net profit at $176.7 million.
Fourth-quarter revenue was $721.5 million, up 7.4 percent from $671.6 million a year ago. The company proposed a dividend of 18 Singapore cents a share for 2011.
Net profit for 2011 rose 1.9 percent to $798.6 million from $784 million.
Monday, 27 February 2012
Infosys Q3 results
Infosys Ltd cut its full-year revenue outlook because of the debt crisis in Europe, sending down the shares of the No.2 Indian software services exporter by as much as 7.7 per cent to their lowest in more than a month.
India's export-driven software services companies are bracing for a slower pace of outsourcing contracts due to the troubles in Europe, Infosys's second-biggest market.
Bangalore-based Infosys forecast dollar revenue growth of 16.4 per cent for the fiscal year to March 31, down from 17.1 per cent to 19.1 per cent projected in October.
Infosys shares were down 6.4 per cent at 2,646 rupees by 0406 GMT, after falling nearly 8 per cent to their lowest since Nov. 30. The overall market was down 0.2 per cent.
India's export-driven software services companies are bracing for a slower pace of outsourcing contracts due to the troubles in Europe, Infosys's second-biggest market.
Bangalore-based Infosys forecast dollar revenue growth of 16.4 per cent for the fiscal year to March 31, down from 17.1 per cent to 19.1 per cent projected in October.
Infosys shares were down 6.4 per cent at 2,646 rupees by 0406 GMT, after falling nearly 8 per cent to their lowest since Nov. 30. The overall market was down 0.2 per cent.
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