Press release content from Business Wire. The AP news staff was not involved in its creation.
Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2021
February 2, 2021 GMT
TOKYO (BUSINESS WIRE) Feb 1, 2021
Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first 9 months and third quarter, ended December 31, 2020, of the current fiscal year ending March 31, 2021 (fiscal 2021).
The full document on Mitsubishi Electric’s financial results can be viewed at the following link:
Revenue:
Operating profit:
Profit before income taxes:
Net profit attributable to Mitsubishi Electric Corp. stockholders:
107.7
(33% decrease from the same period last year)
The company had posted a profit of Rs 779.71 crore during the same period of previous fiscal. Revenue from operations for October-December quarter stood at Rs 6,886.39 crore, up 25.43 per cent, as against Rs 5,490.11 crore reported in the same period of 2019-20 fiscal, Asian Paints Ltd said in a regulatory filing. Amit Syngle, Managing Director & CEO, Asian Paints said demand conditions continued to exhibit a strong recovery across business segments, spread over most regions in the third quarter of this financial year. The domestic decorative business delivered a powerful performance with more than 30 per cent volume growth led by a strong performance in premium and luxury portfolios. The Home Dcor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business .
OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces
Third Quarter Results for OptimumBank (the “Bank”) continued
Fort Lauderdale, FL., Dec. 17, 2020 (GLOBE NEWSWIRE) OptimumBank Holdings, Inc. (OPHC-NASDAQ)
Recap of Results (see press release of December 7, 2020):
OPHC previously announced the Bank’s third quarter net income of $345,000, which excludes an allowance for losses provision expense of $523,000. Net interest income increased from $2,450,000 for the nine-month period ended September 30, 2019 to $3,631,000 for the nine-month period ended September 30, 2020, representing a 48% increase. This growth was accomplished while staying well capitalized via frequent capital injections from investors.
Additional Matters:
Importantly, the overall income results are not solely the result of loans and capital infusions, but also stem from significant changes in deposit mix and other borrowings. Critically, fee income through wire and ACH fees have climbed substantially. For