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Siemens net profit surges, driven by asset sale

2015-05-07 08:48:07| Industrial Machines - Topix.net

German engineering giant Siemens AG reported a surge in net profit for the second quarter of 2015, driven largely by gains it booked from the sale of its stake in a household appliances joint venture with Robert Bosch GmbH and the disposal of its hearing aid unit and hospital information business. Net profit for the period ended March 31 was EUR3.89 billion compared with EUR1.12 billion during the same period last year, beating analysts' expectations.

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Skechers profit surges again in Q1

2015-04-23 16:22:00| Daily apparel & textile news and comment - from just-style.com

Fast-growing footwear business Skechers posted another quarter of record revenues, with net profit nearly doubling on last year's first-quarter.

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Telekom Austria Q1 profit surges on cost savings

2015-04-22 02:00:00| Total Telecom industry news

Revenue dips 2% but EBITDA improves thanks to strong operating performance in Austria, Belarus.

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China Eastern profit surges 45%

2015-03-30 06:31:24| Airlines - Topix.net

China Eastern Airlines Corp. posted a 45% increase in 2014 profit, as strong growth in air traffic and lower fuel prices more than offset foreign exchange losses. The Shanghai-based carrier said on Friday that net profit last year was 3.42 billion Chinese yuan , according to Chinese accounting standards, up from CNY2.36 billion the previous year.

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Volkswagen Tightens Belt, Profit Surges

2015-03-12 14:51:25| Automakers - Topix.net

Volkswagen AG has earmarked about half of the planned savings it is seeking to improve results at its struggling namesake VW brand and expects to achieve cost cuts of about a 1 billion this year.

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