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Boohoo profit soars despite factory conditions row

2020-09-30 11:25:09| BBC News | Business | UK Edition

Half-year profits rise 51% as the firm pledges to address issues over pay and working conditions.

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Next optimistic despite H1 profit plunge

2020-09-17 14:35:00| Daily apparel & textile news and comment - from just-style.com

UK retailer Next has booked a 97% drop in pre-tax profits for the first half of the year but has remained optimistic, raising its full-year guidance for the second time in two months. 

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Inditex hails Q2 turning point as group returns to profit

2020-09-16 12:32:00| Daily apparel & textile news and comment - from just-style.com

Inditex, the owner of the Zara and Bershka brands, says it has reached a turning point in its recovery from the impact of the Covid-19 pandemic after booking a second quarter net profit.

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H&M heads for Q3 profit on better than expected recovery

2020-09-15 12:35:00| Daily apparel & textile news and comment - from just-style.com

H&M Group expects to return to profit in the third quarter, with preliminary results showing the Swedish fashion giant's recovery from Covid-related store closures is better than anticipated thanks to more full-price sales and strong cost control.

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Zoom raises FY outlook after revenues, profit soar in Q2

2020-09-01 09:31:00| Telecompaper Headlines

(Telecompaper) Zoom Video Communications raised its forecast for the full year after reporting much higher than expected second quarter results, with revenues leaping 355 percent from the year before to USD 663.5 million, the operating profit increasing to USD 188.1 million from 2.3 million and the adjusted operating profit going higher to USD 277 million form 20.7 million. The net profit jumped to USD 185.7 million or USD 0.63 per share, from 5.5 million and 0.02 per share, with the adjusted net profit leaping to USD 274.8 million or USD 0.82 per share, from 24 million and 0.08 per share.

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