Tata Motors profit halves over $4.5bn investment
Indian carmaker Tata Motors on Wednesday reported a staggering 50 percent fall in quarterly net profit, blaming a huge one-off investment and a slowdown in sales.
Indian carmaker Tata Motors on Wednesday reported a staggering 50 percent fall in quarterly net profit, blaming a huge one-off investment and a slowdown in sales.
Business
May 23, 2018
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Finnish game maker Rovio's shares soared five percent Thursday after the company reported first-quarter results with net profit doubling and "record revenues" from its sequel game Angry Birds 2.
Business
May 17, 2018
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British telecoms giant Vodafone on Tuesday announced a return to annual profit, as it revealed that long-serving chief executive Vittorio Colao will step down later this year.
Business
May 15, 2018
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Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange.
Business
May 15, 2018
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Japanese car giant Nissan on Monday reported a record full-year net profit thanks to US tax cuts but warned about the outlook for the next 12 months owing to a strong yen.
Business
May 14, 2018
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Japanese electronics giant Panasonic on Thursday said its full-year net profit surged, helped by growth in its automative-related business.
Business
May 10, 2018
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Japanese telecom giant SoftBank on Wednesday reported a surge in its annual operating profit, driven by the increasing value of its Vision Fund and robust performances from its telecoms units.
Business
May 9, 2018
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Germany's Deutsche Telekom lifted its earnings forecast for 2018 on Wednesday as it presented first-quarter results, saying fast growth especially in US arm T-Mobile would juice its operating income.
Business
May 9, 2018
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China search engine giant Baidu on Friday reported net profit nearly tripled in the first quarter after spinning off its video unit as part of a corporate reorientation toward artificial intelligence (AI).
Business
Apr 27, 2018
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Fiat Chrysler (FCA) said Thursday that its net profit jumped 59 percent in the first quarter of the year, but unfavourable exchange rate changes ate away at an increase in sales of vehicles.
Business
Apr 26, 2018
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