The profits of First National Bank (FNB) Mozambique, part of the South African group FirstRand, fell by 44.7% in the first half of the year, compared to June 2022. According to the financial statements, FNB posted consolidated profits of 41.1 million meticais during the first half of 2022 and, in the same period this year, the figure fell to 22.7 million...
Tag: profits
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BCI profits fall by 6.6% in 1st half
The profits of Banco Comercial e de Investimentos (BCI), Mozambique's largest bank, fell by 6.6% in the first half to 3.453 billion meticais, according to information from the institution consulted by Lusa today. In its financial statements for the period from January 1 to June 30, 2023, BCI states that net income for the...
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China: Profits of major industrial companies fall 18.81Q3
The profits of China's major industrial companies contracted by 18.8% year-on-year in the first five months of the year, the country's National Bureau of Statistics said today, as quoted by Notícias ao Minuto. The profits of the companies surveyed amounted to 2.67 trillion yuan (337.3 billion euros) between January and May. The indicator...
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Adidas loses 39 million euros in the first quarter
Sports goods multinational Adidas recorded a loss of 39 million euros in the first quarter of this year, in contrast to the profit of 482 million recorded in the same period last year. The company indicated that the end of the deal with Yeezy, the brand developed in collaboration with Kanye West, represented a...
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Galp collects 250 million euros of profits in the first quarter
Portugal's Galp Energia saw its net profit rise by 62% to 250 million euros in the first three months of the year. The figures are contained in a statement sent this Friday to the Portuguese Securities Market Commission (CMVM). According to the oil company, net profit for the quarter on an adjusted basis ('RCA', excluding non-recurring events and...
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TAP returns to profit and posts net income of 65.6 million in 2022
The Portuguese airline (TAP) carried a total of 13.8 million passengers last year, "an increase of 136.1% over the previous year and reaching 81% of 2019 levels", reads a statement. Last year, TAP made a net profit of 65.6 million euros. The figure, announced this morning, represents a...
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Luxury personal property market grows 221TP3Q and profits reach 353 MME
The 21st edition of the "Worlwide Luxury Market Monitor 2022" study, carried out by consultancy Bain & Company and Italian luxury brand foundation Altagamma, reveals that the global luxury goods market will expand significantly in 2022 - by 1.4 billion euros - representing a growth of more than 21% compared to...
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Exxon Mobil outperforms major Western oil companies by 2022
Exxon Mobil revealed on Tuesday that it achieved a net profit of 56 billion dollars in 2022, raising around 6.3 million dollars an hour last year. Exxon Mobil said it broke its own record as well as recorded and all-time high in the Western oil industry. The results of the...
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ExxonMobil profits more than double in 2022 to 51.4 billion
ExxonMobil, the largest US oil company, recorded profits of 55,740 million dollars, an increase of 142% compared to 2021, in a financial year marked by a recovery in demand and limited supply, it was announced today. The multinational, based in Irving, Texas, recorded a profit of 13.26 dollars per share last year, compared to 5.39 dollars...
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Microsoft posts 12% profit down to $16 billion
On Tuesday, Microsoft presented its results for the October-December quarter, which revealed a 12% drop in profits, to 16.43 billion dollars, reflecting the economic uncertainty that led it to lay off 10,000 workers. Excluding extraordinary results, profit was 2.32 dollars per share, still above Wall Street's expectations, where...