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Tag Archives: earnings

Google parent hit by higher costs, names new chairman

San Francisco, United States | AFP | Google parent company Alphabet on Thursday reported a quarterly loss to set aside funds to pay taxes on repatriated profits, and named a new chairman to replace outgoing Eric Schmidt. Shares in Alphabet slid 2.3 percent in after-hours trade on the results, highlighting …

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Man Utd retain top spot in Deloitte ‘Money League’

London, United Kingdom | AFP | Manchester United narrowly pipped Real Madrid to remain the top revenue-generating club in the world as Premier League sides underlined their growing financial clout, Deloitte’s “Money League” report said Tuesday. It is the 10th time United have topped Deloitte’s list, with a revenue in 2016/17 …

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Volkswagen clinches record sales in 2017

Frankfurt am Main, Germany | AFP | Germany’s Volkswagen said Wednesday it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world’s largest carmaker two years after its “dieselgate” emissions scandal. Some 10.74 million vehicles from VW or its subsidiaries …

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Volvo Cars races to record sales in 2017

Stockholm, Sweden | AFP | Swedish carmaker Volvo, owned by the Chinese Geely, said Thursday that booming demand in China helped it notch up record sales for the fourth consecutive year in 2017. Volvo Cars said in a statement that it sold a total 571,577 cars worldwide last year, an …

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Emirates airline profit rebounds on cost savings

Dubai, United Arab Emirates | AFP | Leading Middle East airline Emirates said Thursday its half year net profit rebounded strongly from a slump last year due to cost saving measures and favourable exchange rates. The Dubai flag carrier said it posted a net profit of $452 million in the period …

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Adidas leaps to higher profits on strong own-brand sales

Frankfurt am Main, Germany | AFP | German sports gear group Adidas on Thursday reported a jump in third-quarter profits, lifted by strong demand for its own-brand trainers and apparel in China and North America. The Bavarian company, which sponsors English Premier League giants Manchester United, said net profit soared to …

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Manchester United post record profits

London, United Kingdom | AFP | Manchester United announced record revenues and operating profits on Thursday despite missing out on the riches of the Champions League last season. The Old Trafford club earned revenues of £581.2 million ($783 million, 659 million euros) in the 12 months to the end of June …

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China Construction Bank profits lifted by economy, debt crackdown

Shanghai, China | AFP | China Construction Bank, one of the country’s “big four” financial institutions, reported a moderate first-half profit rise and improving asset quality as a government crackdown on bad debt kicked in. The bank’s earnings were posted Wednesday night, hours after China’s three other big state-owned lenders announced …

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Alibaba profit nearly doubles on robust revenues

Shanghai, China | AFP |Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a …

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