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By Ben Otto Chinese auto maker BYD Co. reported a 27.5% decline in net profit in the third quarter, alongside a jump in operating income. The Shenzhen-based electric-vehicle and battery... | October 29, 2021
Provided by Dow Jones By Ben Otto HCL Technologies Ltd.'s fiscal first-quarter net profit rose on higher revenue, led by growth in cloud and digital transformation deals. The Indian information-technology services provider said late Monday that net profit for the quarter ended June increased 9.3% from a year earlier to 32.05 billion rupees ($427.4 million). Revenue from operations rose 12.5% to INR200.68 billion. The Noida-based company added more than 7,500 in net hires in the quarter, taking full-time headcount to more than 176,000. For the fiscal year, ...
By Ben Otto Shree Cement Ltd.'s fiscal fourth-quarter net profit surged 49% compared with the same period a year earlier on improving demand for cement products in India. The Calcutta-based cement maker posted consolidated net profit of 7.98 billion rupees (US$109.4 million) in the quarter ended March 31, it said late Friday. Revenue from operations rose 23% to INR42.05 billion. For the full fiscal year, Shree's net profit jumped 49% to INR22.86 billion while revenue rose 4.7% to INR134.76 billion. The company added that the Covid-19 pandemic's effects on future financial r...
Provided by Dow Jones By Ben Otto Bank of China's first-quarter net profit rose 2.7% on higher operating income, while impairment losses fell slightly from a year earlier. The Chinese state-owned lender posted net profit of 53.99 billion yuan (US$8.34 billion), up from CNY52.58 billion a year earlier, it said late Thursday. Net interest income rose 3.7% to CNY104.16 billion. Non-interest income climbed nearly 12% to CNY53.71 billion, with net fee and commission income jumping 18% to CNY27.88 billion. In all, operating income rose to CNY157.87 billion from CNY...
Provided by Dow Jones Ben Otto A unit of Thai oil giant PTT PCL will seek to raise up 54 billion Thai baht (US$1.80 billion) in an initial public offering, according to pricing guidance announced Thursday. State-owned PTT PCL said in a stock-exchange filing that PTT Oil and Retail Business PCL has set a preliminary price range of THB16-THB18 baht per share in the offering. The company plans to sell up to 3 billion shares. Final pricing for the IPO will be determined by Feb. 3, PTT PCL added. Kasikorn Securites is among advisers on the offering. PTT Oil and...