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Lenovo quarterly profits up as Motorola reaches breakeven

2018-11-08 08:57:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a strong improvement in results for its fiscal second quarter, supported by a return to breakeven at Motorola and continued growth in the PC business. Group revenue reached USD 13.4 billion, up 14 percent year-over-year, and operating profit more than tripled, to USD 290 million from USD 88 million a year ago. The net profit increased 21 percent to USD 168 million, and Lenovo proposed a stable interim dividend of HKD 0.06 per share.

Tags: motorola quarterly profits reaches


Price and product success boost Primark FY profits

2018-11-06 11:58:00| Daily apparel & textile news and comment - from just-style.com

The Primark fast fashion business has booked a jump in full-year profits and sales for the year, driven by expanded selling space, the weakening of the US dollar exchange rate on purchases, and better buying. 

Tags: price product success boost


Softbank profits surge on investments, telco business shows steady growth

2018-11-05 12:58:00| Telecompaper Headlines

(Telecompaper) Softbank reported another surge in net profit for its fiscal first half to September, with the result jumping 719 percent to JPY 840.1 billion from JPY 102.6 billion a year ago. The growth was driven by gains on its investment portfolio, while revenues rose a more modest 6 percent year-on-year to JPY 4.65 trillion. Operating profit was up 62 percent to JPY 1.42 trillion, supported by improvement at Sprint. 

Tags: business shows growth investments


Royal Dutch Shell sees profits jump as oil price rises

2018-11-01 09:34:53| BBC News | Business | UK Edition

The Anglo-Dutch giant sees earnings in the July-to-September period boosted by buoyant crude prices.

Tags: price jump oil royal


BP profits double on higher prices and new oil fields

2018-10-30 10:16:26| BBC News | Business | UK Edition

The oil giant reports its strongest quarterly results for five years, helped by higher prices and output.

Tags: prices double higher fields


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