Jones Lang LaSalle Profit Jumps 30%
Feb 04, 7:31 AM EST |
|
| Net profit jumps to $105 million or $3.16 per share from $80.4 million or $2.37 per share a year ago. |
|
| The property agent added that its global net income climbed 46% to $175 million in 2007, while revenues increased 32% to $2.7 billion. Operating income from Europe, the Middle East and Africa doubled, despite the 12% decline in the company’s capital markets segment in the fourth quarter. Global investment rose by $59bn in 2007 to $759 billion. The management pointed to particular growth in the Russian and Middle Eastern businesses, while the Americas grew with the slowest pace. |
|
|
Full Story... |
Exxon, Chevron Earnings Rise With Crude Prices
Feb 01, 9:37 AM EST |
|
| Exxon Mobil and Chevron both reported rising sales and earnings as crude prices increase helped margins. Angola has been the focus for both companies. |
|
| Exxon Mobil reported fourth quarter profit rise of 14% to $11.66 billion and revenue increased 18% to $116 billion. For the year the largest oil company reported revenue increase of 7.2% to $404.55 billion and earnings gain of 3% to $40.6 billion. Yesterday, Royal Duch Shell reported earnings of $5.7 billion in the last quarter. Chevron reported fourth quarter profit of $4.9 billion, an increase of 29% from a year ago and earnings per share of $2.32 compared to $1.74 a year ago. |
|
|
Full Story... |
Valero Profit Drops On Weaker Margins
Feb 01, 8:34 AM EST |
|
| Net profit declined 48.9% to $567 million or $1.02 per share from $1.1 billion or $1.74 billion a year ago. |
|
| The oil refiner said fourth quarter revenue rose 52% to $28.67 billion from $18.83 billion but earnings fell, as higher crude oil prices reduced margins. Net income dropped to $567 million from $1.1 billion previously. Refinery operating cost rose to $123 million, resulting from increased maintenance expense and energy costs. In 2008 margins could be negatively affected by lower prices on secondary products, Valero said, while diesel margins are expected to remain strong. |
|
|
Full Story... |
|
|
