Operator
Good morning, everyone, and welcome to Portland General Electric Company s Fourth Quarter 2020 Earnings Results Conference Call. Today is Friday, February 19, 2021. This call is being recorded and as such, all lines have been placed on mute to prevent any background noise.
After the speakers remarks, there will a question-and-answer period. [Operator Instructions] For opening remarks, I will turn the conference call over to Portland General Electric s Senior Director of Investor Relations, Jardon Jaramillo. You please go ahead, sir.
Jardon Jaramillo
Senior Director, Investor Relations, Treasury, and Risk Management
Thank you, Shelon. Good morning, everyone. I am pleased that you are able to join us today. Before we begin this morning, I d like to remind you that we have prepared a presentation to supplement our discussion, which we will be referencing throughout the call. The slides are available on our website at investors.portlandgeneral.com.
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PARIS and LOS ANGELES, Feb. 18, 2021 /PRNewswire/ Leading global food and beverage company Danone and Earth Island
®, maker of Follow Your Heart brands and a pioneering leader in plant-based foods, today announced that they have entered into a share purchase agreement under which Danone will acquire 100% of the shares of Earth Island
®. With a proven track record of growth and innovation, and a long-term commitment to nutrition, sustainability and environmental stewardship, Earth Island
® represents a strong cultural fit with Danone and provides Danone with a unique opportunity to strengthen its plant-based business.
(PRNewsfoto/Danone)
Cembra reports resilient 2020 full-year results
Chief Executive Officer Robert Oudmayer commented: In 2020, our business model proved resilient, and our conservative risk management approach paid off. The lockdown in Switzerland had a clear impact on income from credit card fees. At the same time, we observed a sustainable shift to card payments and away from cash. Credit card transaction volumes were almost back at 2019 levels in the second half of the year. After successfully completing the integration of cashgate in just 11 months, we are now focusing on our new credit card for IKEA.
Resilient business performance
The Group s total net financing receivables at 31 December 2020 amounted to CHF 6.3 billion, a decline of 4% compared with year-end 2019, largely attributable to the impact of Covid-19 on the Swiss economy.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Portland General Electric announces 2020 financial results and initiates 2021 earnings guidance
February 19, 2021 GMT
PORTLAND, Ore., Feb. 19, 2021 /PRNewswire/ Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $155 million, or $1.72 per diluted share, for the year ended December 31, 2020, which includes the $1.03 loss per diluted share from previously disclosed energy trading losses. After adjusting for the impact of the energy trading losses, non-GAAP net income was $247 million, or $2.75 per diluted share. This compares with GAAP net income of $214 million, or $2.39 per diluted share, for the year ended December 31, 2019. GAAP net income was $52 million, or $0.57 per diluted share, for the fourth quarter of 2020. This compares with GAAP net income of $61 million, or $0.68 per diluted share, for the fourth