Sims Group Profit Declines 9.5%
Feb 22, 7:52 PM EST |
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| Sims Group, largest recycler, reported a strong demand for ferrous export in the second quarter of this year. |
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| Sims Group Limited reported fiscal 2008 first half profit decline of 9.5% from a year ago to $102.2 million on sales rise of 4% to $2.73 billion. Earnings before interest, tax, depreciation and amortization were 3.6% lower at $211.3 million from the year ago. Net profit after tax was lower at 9.5% from a year ago to $102.2 million and earnings per share declined 10.5% to 81.1 cents. Interim dividend was lowered to 55 cents from 60 cents a year ago. |
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Fresenius Profit Up 34%
Feb 21, 3:40 PM EST |
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| Fourth quarter profit jumped 30% as dialysis services revenue grew 6% and revenue in dialysis products edged up 18%. |
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| The world’s largest provider of dialysis products Fresenius Medical Care annual revenues rose 14.4% to $9.7 billion from a year ago spurred by 6% increase in patients treatment and an 11% increase in dialysis treatments worldwide. Net income soared 33.6% to $717 million from $536 million a year earlier. Fresenius proposed eleventh dividend increase in a row by 15% to 54 euro cents per share. |
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BNP Paribas Profits Rise 7%
Feb 21, 2:58 PM EST |
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| BNP fourth quarter revenue declined 1.9% to 6.9 billion euros and earnings fell 42% to 1 billion euros. |
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| BNP Paribas reported annual revenues rose 11.1% year-on-year to 31 billion euros as a result organic growth and the limited impact of the credit market turmoil. The Group’s share of net income rose 7% from last year to 7.8 million euros. Net income per share grew 5.7% on the year to 8.49 euros. Tier 1 ratio was reported at 7.3% in 2007. |
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JC Penney Rises After Earnings
Feb 21, 12:11 PM EST |
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| JC Penney, third largest retailer, guided earnings per share in the current fiscal year between $3.75 and $4.00 and plans to spend $1 billion. |
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| J C Penney fourth quarter total sales declined 4.1% and comparable same store sales declined 2.3% from a year ago to $6.4 billion. Earnings per share declined 7.7% to $1.93 and net income fell 10% to $430 million. in the fiscal year 2007, the company sales increased 0.2% to $19.8 billion and net income declined 3.6% to $1.11 billion and earnings per share fell 0.4% to $4.90. Retailer plans to spend $1 billion in store addition and renovations in the fiscal year. |
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Cadbury Profit Declines 2%
Feb 20, 3:32 PM EST |
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| Annual profit before tax dropped 2% to £670 from £738 million despite 7% growth in revenues from £7.4 billion last year to £7.9 billion. |
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| Cadbury Schweppes revenues rose 7% to £7.9 billion from £7.4 billion in 2006 as base business revenues in the confectionery business jumped 7%, while the American beverages unit grew revenues by 4% despite the challenging business environment. Underlying earnings per share for the year declined 4% to 30.2 pence from 31.6 pence a year earlier. The company’s annual dividend rose 11% to 15.5 pence from 14 pence. |
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Virgin Blue Proft Slips, Higher Costs
Feb 20, 3:20 PM EST |
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| Available Seat Kilometres increased by 3.2% to 11.33 billion ASKs, from 2006 and flown passengers increased 4.6% to 8.2 million. |
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| virgin Blue, second largest airline, reported net income for the six months ended in December 2007 of $113.3 million, lower than $124.2 million from a year ago. Higher operating costs on routes to the Western U.S. location in direct competition hurt the profitability. half year results for the period to 31 December 2007. Revenue for the six months increased 8.1% from $1.12 billion to $1.21 billion with revenue per available seat kilometre increased 5.2% to 10.10 cents. |
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Oxiana Profit Declines
Feb 20, 3:13 PM EST |
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| Capital costs for the development of Prominent Hill project are expected to rise to $1.1 billion and at Martabe gold project to $310 million. |
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| Oxiana Ltd, mining comany, reported 2007 revenue of $1.1 billion, lower than $1.27 billion in 2006. Net income declined to $305 million from $553 million and earnings per share fell to 20.24 cents from 40.14 cents in 2006. The company is conducting feasability study for Martabe gold project in Indonesia and exlore for more resources in Prominent Hill project. The company plans to spend as much as $1 billion in capital expansion. |
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HP Earnings Rise 38%
Feb 20, 10:57 AM EST |
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| HP stock jumped as high as 9% after reporting earnings rise of 38% and lifted outlook for the second quarter. |
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| HP first quarter sales increased 13% to $28.5 billion and earnings increased 38% to $2.1 billion. The sales increased 8% after adjusting for currency. Operating margin increased to 9.2% from 7.3% from a year ago. Earnings per share increased 45% to 88 cents from 55 cents in the previous year. HP estimates second quarter revenue between $27.7 billion to $27.9 billion and diluted earnings per share to be approximately $0.77 to $0.78. |
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Barclays Earnings Calmed Investors
Feb 19, 4:42 PM EST |
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| Barclays steady profit, a decline of 1% from a year ago, met expectations of analysts and lifted other banks in the regional trading. |
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| Total net income in 2007 increased 7% to 23 billion pounds from a year ago and impairment charges rose 30% to 2.8 billion pounds from 2.1 billion pounds. Barclays reported tier 1 capital ratio of 7.8% and increased its final dividend 10% to 22.5p and full-year dividend to 34p from 31p in 2006. Diluted earnings per share declined to 66.7p from 69.8p in the previous year. UK retail banking rose 9% and wealth management unit surged 25% in reveune in the year but the international banking fell 23%. |
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Wal-Mart Earnings Rise 5.8%
Feb 19, 2:05 PM EST |
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| Wal-Mart generated record quarterly sales above $100 billion on rising international sales. |
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| Wal-Mart Stores, Inc reported fourth quarter sales rise of 8.3% to $106.27 billion and income from continuing operations increased 4% to $3.94 billion. Earnings per share increased to $1.02 per share, up 7.4% from a year ago of 95 cents. For the fiscal year ending in Jan 31, Wal-Mart reported net sales increase of 8.6% to $374.52 billion and earnings per share increase of 8.2% or $2.92. |
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