Tag: profits
UPS, revenues and profits down in 2023. Weak guidance for 2024
(Finance) – UPSan American international parcel and shipping company, has registered sales of the fourth quarter 2023 of $24.9 billion, down 7.8% from the fourth quarter of 2022. Theoperating profit…
Volvo, profits rise in the fourth quarter
(Finance) – Profits rising sharply for Volvo. The automaker closed the fourth quarter with a Net income up 82% to SEK 12.05 billion, compared to SEK 6.62 billion a year…
American banks, impaired loans and costs: 13% drop in profits expected
(Finance) – It is balance sheet time for American banks. The increase in rates by the Fed was then reflected on the balance sheets of the major overseas banks in…
ABN AMRO, profits slightly up in the third quarter
(Finance) – The Dutch bank ABN AMRO closed the third quarter of 2023 with a net interest margin (NII) equal to 1,533 million euros (third quarter 2022: 1,276 million euros);…
Citigroup, stable quarterly profits thanks to investment banking activities
(Finance) – Citigroup reported a Net income for the third quarter 2023 of $ 3.5 billion, or $ 1.63 per share, on revenues of 20.1 billion dollars. That compares with…
Banks’ extra profits: charges will not be able to weigh on customers
(Finance) – The government has reached a majority agreement with a government amendment to the Asset decree, rewrites the rule that introduces the tax on banks’ extra profits and puts…
From extra bank profits to expensive flights, Antitrust hearing
(Finance) – Criticism from airlines of the asset decree law on the cost of flights to the islands “It seems to the Authority that they are missing the mark” given…
Tap Air Portugal 23 million profits in the first half
(Finance) – Waiting to start the privatization process and to be acquired by one of the three main European airline groups – IAG, Lufthansa and Air France-KLM – Tap Air…
V wants to tax the banks’ excess profits
V wants to introduce a tax on banks’ excess profits as a way to help Swedish households with rising mortgage interest rates and high inflation. According to V, a tax…
NetEase, revenues and profits grow in the second quarter
(Tiper Stock Exchange) – NetEasea New York- and Hong Kong-listed company that develops and operates some of China’s most popular mobile and PC games, closed its second quarter with Net…