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Results: Polycab net profit jumps 32% to Rs 283 cr on robust sales

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Polycab India, a leading manufacturer of wires and cables, on Thursday reported a 32 per cent growth in net profit at Rs 283.2 crore in the March quarter on higher revenue.
Consolidated revenue grew faster at 43 per cent to Rs 3,037.4 crore during the period, the city-headquartered company said in a statement.
For the full-year, it reported a net profit of Rs 885.9 crore, up 16 per cent over FY20 on a revenue of Rs 8,926.5 crore, which inched up 1 per cent from the previous year.
The fiscal year gone by was an extraordinary year marked by disruptions but we could ensure uninterrupted operations through agility and technology which helped us leverage the favourable market trends and report robust business performance in the fourth quarter, Inder T Jaisinghani, chairman and managing director of Polycab India, said. ....

Indert Jaisinghani , Polycab India , போலயிக்ப் இந்தியா ,

Leon's Furniture CEO retiring after 45 years in the family business; president Mike Walsh to take on role

Leon's Furniture CEO retiring after 45 years in the family business; president Mike Walsh to take on role
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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Taiheiyo Cement's full-year sales fall as profit grows in 2021 financial year - Cement industry news from Global Cement

Taiheiyo Cement’s full-year sales fall as profit grows in 2021 financial year
Written by Global Cement staff
13 May 2021
Japan: Taiheiyo Cement recorded full-year consolidated net sales of US$7.89bn in its 2021 financial year to 31 March 2021, down by 2% year-on-year from US$8.07bn in the 2020 financial year. The group’s net profit rose by 20% to US$427m from US$357m. Domestic cement sales volumes fell by 4.8% to 13.8Mt and exports sales dropped by 2.2% to 3.8Mt. The cement producer attributed this to falling local demand for cement since June 2020 due to the suspension of construction work in response to the coronavirus pandemic. It also noted a shortage of construction workers. ....

Taiheiyo Cement , Corona Virus , கொரோனா வைரஸ் ,

Philippines' Jollibee posts Q1 profit as international sales recover

By Reuters Staff
2 Min Read
MANILA, May 12 (Reuters) - Philippines’ Jollibee Foods Corp said on Wednesday it posted a net profit for the second consecutive quarter, supported by international sales that have recovered to pre-pandemic levels.
The fast food giant, known for its fried ‘Chickenjoy’ and chopped hotdogs in sweet spaghetti sauce, has used its dominant position at home to pursue an aggressive overseas expansion in recent years, increasing its footprint in China and buying brands in the United States.
In a disclosure statement, Jollibee reported a 153 million pesos ($3.2 million) profit in the first quarter, reversing a 1.7 billion net loss in the same period last year, but below the 2 billion pesos it made in the fourth quarter of 2020. ....

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SoftBank joins corporate heavyweights with $37 billion Vision Fund profit

4 Min Read
TOKYO (Reuters) -SoftBank Group Corp on Wednesday reported a record 4.03 trillion yen ($37 billion) Vision Fund unit profit from a fourth-quarter gain on Coupang, putting it among the world’s top earning firms a year after an unprecedented loss.
Group net profit was 4.99 trillion yen ($45.88 billion) in the year ended March, beating the $42.5 billion made by Warren Buffett’s Berkshire Hathaway in its last business year.
“This is not a result to make us puffed up with pride. I don’t want it to be a one time thing,” founder and CEO Masayoshi Son told a news conference.
The profit compares with an 962 billion yen loss a year earlier after teetering tech bets here depressed the value of SoftBank s portfolio. ....

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