Tag Archive | "net profit"

2012 Siemens net profit outlook starts with a slide

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BERLIN – German engineering company Siemens said Wednesday its second quarter net profit fell by almost two thirds as sizable writedowns weighed on earnings. The company’s profit slumped to 1.02 billion euros ($1.34 billion) in the first three months of 2012, its fiscal second quarter, from 2.84 billion euros ($3.74 billion) the year before. The [...]

H&M sales rise in first quarter of 2012

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STOCKHOLM – Fashion retailer Hennes & Mauritz AB says its earnings increased 5 percent in the first quarter on rising sales but margins shrank due to higher purchasing costs.┬áNet profit was 2.74 billion Swedish kronor ($411 million) in the December 2011-February 2012 period, up from 2.62 billion kronor in the same period a year earlier. [...]

Strong US sales push Ahold net profit up

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AMSTERDAM – Royal Ahold NV, the owner of U.S. and Dutch grocery chains, says its fourth-quarter net profit soared by 75 percent, with sales in the United States outpacing those in the Netherlands. Overall sales rose 4.5 percent to 7.3 billion euros ($9.8 billion) in the fourth quarter compared to a year earlier and net [...]

Bank of Ireland reports 2011 net profit

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DUBLIN – Bank of Ireland has recorded a net profit for 2011 despite continued heavy losses from defaulting loans and says it’s increasingly reliant on its own funds to operate. Bank of Ireland says in its full-year earnings statement Monday it netted 40 million euros ($52.8 million) in profit last year by aggressively restructuring its [...]

Deutsche Bank net profit drops sharply

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FRANKFURT, Germany – Germany’s Deutsche Bank saw net profit fall 69 percent to 186 million euros ($245.06 million) in the fourth quarter as the eurozone debt crisis hurt its businesses in investment banking and trading stocks and bonds. Net profit fell far short of analyst estimates compiled by FactSet of 492.5 million euros, and compares [...]