Page 4 - Operating Profits News Today

A smart acquisition 60 years ago completely changed the makeup of this food business.

Sui Southern Gas Company (SSGC) incurred massive losses to the tune of Rs11.41 billion in fiscal year 2021-2022. In...

Despite higher net sales and gross profit, Hascol Petroleum Limited sustained a massive loss after tax (LAT) to the...

By James Montier

Exxon Mobil said on Wednesday big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion, below the year ago's record earnings but up from its second quarter. Exxon's snapshot of operating profits, delivered in a securities filing after the market close, signals a good quarter for oil companies on high oil prices and strong demand for gasoline and diesel. The largest U.S. oil producer posted total profit in the same...

In an interview, Kotak Institutional Equities’ CEO and co-head Pratik Gupta said the market will continue to consolidate around the current levels for the next few months and there is no major catalyst for a sharp rally or a sustained correction.

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Fitch revised its OE mid-point score for Indian banks to ‘bb’ from ‘bb+’ in March 2020, after assessing that pandemic was likely to worsen existing OE stresses facing the sector.

Pan Asia Banking Corporation PLC reflected a steady performance amidst a multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance for 2023 1H, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality from under high interest rate regime. For the six-month period...

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..