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Tag Archives: earnings

Barclays profit surges in third quarter

London, United Kingdom | AFP |  British bank Barclays on Wednesday reported a 72-percent surge in quarterly net profits as strong performances by its retail and credit card divisions offset weakness at its investment unit. Profit after tax jumped to £1.0 billion ($1.3 billion, 1.1 billion euros) in the three …

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Standard Chartered brings back dividends as profits jump

Hong Kong, China | AFP | Banking giant Standard Chartered on Tuesday announced a return of dividends for shareholders after a two-year hiatus as it reported a surge in annual profits following restructuring and cutbacks. The Asia-focused lender said it would pay out a full-year dividend of 11 cents per …

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Coca-Cola reports 4Q loss on hit from US tax reform

New York, United States | AFP | Coca-Cola reported a fourth-quarter loss Friday due to a one-time hit from US tax reform as growth in some non-cola beverages helped offset continued sluggishness in soda sales. The soft drink giant reported a loss of $2.8 billion in the quarter ending December …

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Record 2017 sales set up Puma to score at World Cup

Frankfurt am Main, Germany | AFP | German sportswear firm Puma on Monday reported record revenues in 2017, with celebrity sparkle from Rihanna and the football World Cup set to maintain the leaping-cat brand’s appeal into 2018. Net profit at the Bavaria-based company more than doubled last year, reaching 135.8 …

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Oil majors strike it rich on rising crude prices

Paris, France | AFP | The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish of earnings reports …

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Twitter hits milestone with first-ever profit

Washington, United States | AFP | Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals. The San Francisco-based one-to-many microblogging service said it earned $91 million in the fourth quarter, the first …

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