Tag Archives: profit

Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs. 834 crore for the September quarter of the current fiscal. The company’s PAT in the corresponding July-September period of 2016-17 was Rs. 698 crore. “Due to all round performance of BHIL (standalone) and underlying companies, BHIL’s ... Read More »

Trend: How Your Business Can Profit from Sparkling Water

This summer, the cold beverage of choice may not be soda or iced tea like it has been in the past. Instead, more and more consumers are reaching for sparkling water. In fact, the Beverage Marketing Corporation has projected sparkling water sales to increase by more than 20 percent in 2017, according to a report from Yahoo Finance. Led by popular brands ... Read More »

NDTV to suspend business programming on Profit channel

Broadcasting major New Delhi Television Ltd (NDTV) today announced suspending its business programming on NDTV Profit channel. NDTV is providing business news as well as entertainment through NDTV Profit/Prime. In a filing to the stock exchange, the company said it has decided to transfer its business programming from Profit to regular business and finance segments on NDTV 24×7 channel. “This ... Read More »

KitKat maker Nestle misses forecasts as profit falls

Nestle, which makes KitKats, Nescafe and Purina pet food, has said it will steepen its cost-cutting plan after unveiling disappointing results. Net profit for 2016 fell to 8.5bn Swiss francs (£6.78bn) from 9.1bn a year earlier. Analysts had expected 9.59bn francs’ worth of profit. Sluggish food inflation in most of its markets and easing demand in emerging markets saw sales ... Read More »

Amazon forecasts unexpected profit dip

Amazon has said that plans to spend more on improving its warehouses and video content would hit profits in the current quarter. The online retail giant also narrowly missed analysts’ sales expectations for the busy holiday season. Amazon’s shares fell more than 4% in after-hours trading on Wall Street. The firm is spending heavily to take greater control of its ... Read More »

Sainsbury’s sees tougher end to year after first-half profit falls

British supermarket Sainsbury’s (SBRY.L) warned that higher staff wages and its price battle with rivals would mean a tougher second half after first-half profit fell by 10 percent. Sainsbury’s is a distant second behind market leader Tesco (TSCO.L) in a retail sector which has been shaken by the rise of German discounters Aldi and Lidl. Seeking to expand further beyond ... Read More »

Investors seek profit turnaround to drive stocks higher

A heavy slate of U.S. corporate earnings could set the course next week for a wavering U.S. stock market. Better-than-expected big bank earnings on Friday somewhat helped shore up Wall Street’s confidence, which has been shaken by a rocky beginning to third-quarter reporting season, marred by disappointing results from industrial and healthcare companies. But with the bulk of results still ... Read More »

Tod’s core profit falls 16 percent on shrinking sales in China

Core profit at Italian luxury goods maker Tod’s (TOD.MI) was down 16 percent in the first half of the year with respect to 2015, bogged down by weak sales in Greater China and falling tourist spending in Europe and the United States. Tod’s said on Wednesday earnings before interest, tax, depreciation and amortization (EBITDA) in the first six months of ... Read More »

Carrots cut into Campbell Soup profit

Campbell Soup has reported lower profits and called the performance of Campbell Fresh ‘disappointing’. Higher carrot prices and the decision to harvest its carrot crop early led to a smaller crop that disappointed customers, Campbell said. The soup giant said earnings fell by 2% to $253m (£190m) in the company’s fourth quarter. Campbell Fresh, the packaged fresh food division, suffered ... Read More »

Allergan profit beats on strong sales of Botox and Restasis

Allergan Plc (AGN.N), whose $160 billion merger with Pfizer Inc (PFE.N) fell apart last month, reported a better-than-expected quarterly profit on Tuesday, led by strong sales of wrinkle treatment Botox and eye drug Restasis. Allergan, known as Actavis Inc until it bought Botox-maker Allergan Inc last year and took on its name, also said its board had authorized a new ... Read More »