New Paisa Blog » Company Results

Citigroup returns to black with $4.4bn profit

webmaster — Tue, 20 Apr 2010 07:15:49 +0000

Wall Street banking giant Citigroup has reported a profit of $4.4bn (£2.9bn) for the first three months of the year.

The result represents a return to profit after the bank lost $7.6bn in the last quarter of last year after repaying government loans.

However, the bank said it remained “cautious” given the “uncertain economic recovery”.

Last week, rival bank JP Morgan reported better-than-expected first quarter profits of $3.3bn.

Also last week, Bank of America posted a $3.2bn profit for the period

Banking group HSBC saw pre-tax profits halve to $5bn

webmaster — Tue, 04 Aug 2009 06:52:03 +0000

Banking group HSBC saw pre-tax profits halve to $5bn (£2.98bn) in the first six months of 2009. Rising bad debts in the US, Europe and Asia forced it to write-off $13.9bn – 39% more than the same period in 2008.

Earlier Barclays also announced pre-tax half-year profits of £2.98bn boosted by its investment banking arm.

HSBC is in the process of closing most of its retail lending operations in the US, having taken hefty losses from mortgages which went unpaid. Unlike many of its peers, HSBC has not had to go to governments for extra cash.

It decided instead to ask existing shareholders for more money through a rights issue in April, which raised $17.8bn.

UBS Reports $1.31 billion Q2 Loss

webmaster — Tue, 04 Aug 2009 06:44:36 +0000

UBS Reports $1.31 billion Q2 Loss
UBS posted a net loss of 1.4 billion Swiss francs ($1.31 billion), and suffered 39.4 billion francs of outflows at its wealth and asset management divisions. The bottom line was affected by one-off charges.

The loss came in contrast with forecast-beating results at Swiss rival Credit Suisse and U.S. bank Goldman Sachs, which took advantage of a market rebound while UBS was busy cutting costs and fighting damaging U.S. tax litigation.

The U.S. government and UBS struck a deal on Friday to settle the tax dispute by the end of this week.

UBS is not expected to pay a fine as part of the tax deal and could hand over to Washington 5,000 names of U.S. clients holding secret Swiss accounts, or 10 percent of the names Washington was after.

IVRCL Infrastructures announces Q1 results

webmaster — Thu, 31 Jul 2008 07:43:42 +0000

IVRCL Infrastructures announces Q1 results
IVRCL Infrastructures & Projects Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit after tax of Rs 434.928 million for the quarter ended June 30, 2008 as compared to Rs 378.679 million for the quarter ended June 30, 2007. Total Income has increased from Rs 6765.969 million for the quarter ended June 30, 2007 to Rs 9310.670 million for the quarter ended June 30, 2008.

Indiabulls Financial Q1 Result net profit at Rs 148.9 cr

webmaster — Fri, 25 Jul 2008 06:24:35 +0000

Indiabulls Financial Q1 Result net profit at Rs 148.9 cr
Indiabulls Financial Services has declared its consolidated results for the quarter ended June 2008 (Q1 2008). The company’s consolidated net profit was at Rs 148.9 crore verus Rs 115.6 crore last year.

Its Q1 consolidated revenues were at Rs 564.6 crore versus Rs 323.7 crore.

Indiabulls Financial FY09 Guidance
EPS seen at Rs 27-30

I-Flex Sol Q1 Result profit at Rs 105.6cr

webmaster — Fri, 25 Jul 2008 06:19:30 +0000

I-Flex Sol Q1 Result profit at Rs 105.6cr
I-Flex Sol has announced its results for the quarter ended June 2008, Q1. Its consolidated revenues were down 6% at Rs 631.8 crore versus Rs 672 crore, QoQ. The company’s net profit was down 43% at Rs 105.6 crore versus Rs 185 crore, QoQ.

The company has signed new license fee of USD 17 million. They added 14 new customers.

HDIL announces Q1 results

webmaster — Mon, 21 Jul 2008 06:15:33 +0000

HDIL announces Q1 results
Housing Development & Infrastructure Ltd (HDIL) has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 3179.30 million for the quarter ended June 30, 2008 as compared to Rs 2026.80 million for the quarter ended June 30, 2007. Total Revenue has increased from Rs 4458.40 million for the quarter ended June 30, 2007 to Rs 5880.30 million for the quarter ended June 30, 2008.

L&T announces Q3 2008 results

webmaster — Mon, 28 Jan 2008 18:28:25 +0000

L&T announces Q3 2008 results
Larsen & Toubro Ltd (L&T) has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a profit after tax of Rs 4817.90 million for the quarter ended December 31, 2007 as compared to Rs 3439.00 million for the quarter ended December 31, 2006. Total Income has increased from Rs 42244.90 million for the quarter ended December 31, 2006 to Rs 64835.50 million for the quarter ended December 31, 2007

Jet Airways announces Q3 2008 results

webmaster — Mon, 28 Jan 2008 18:23:12 +0000

Jet Airways announces Q3 2008 results
Jet Airways India Ltd has announced the following Un-Audited results for the quarter ended December 31, 2007:

The Company has posted a net loss of Rs 911.20 million for the quarter ended December 31, 2007 as compared to net profit of Rs 400.40 million for the quarter ended December 31, 2006. Total Income has increased from Rs 19696.90 million for the quarter ended December 31, 2006 to Rs 25171.80 million for the quarter ended December 31, 2007

Wipro posted a net profit of Rs 804.1 crore

webmaster — Fri, 18 Jan 2008 07:49:53 +0000

Wipro Ltd has announced the following Audited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 8041 million for the quarter ended December 31, 2007 as compared to Rs 7390 million for the quarter ended December 31, 2006. Total Income has increased from Rs 36511 million for the quarter ended December 31, 2006 to Rs 44296 million for the quarter ended December 31, 2007.

The Audited Consolidated results are as follows:

The Group has posted a net profit of Rs 8540 million for the quarter ended December 31, 2007 as compared to Rs 7654 million for the quarter ended December 31, 2006. Total Income has increased from Rs 40552 million for the quarter ended December 31, 2006 to Rs 54332 million for the quarter ended December 31, 2007.