Tag: #Profit
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Adidas Forecasts a Sharp Rebound
Frankfurt Main, March 10 (AFP/APP): German sportswear group Adidas said Wednesday its profits dived 78 percent in 2020 after being pummelled by the coronavirus pandemic, but forecast a sharp rebound ahead. The Bavaria-based company, which is trying to sell its struggling US subsidiary Reebok, reported its net profits fell to 432 million euros ($513 million) last…
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Samsung flags near-60% operating profit jump after Huawei boost
Seoul, Oct 8 (AFP/APP):Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei. The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion)…
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Commissioner for Stern Action Against Hoarders & Profiteers
A commissioner wants stern action against hoarders and profiteers.
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Iran ready for barter trade with Pakistan
Lahore, Sep 19 (Online): Iranian Consul General Reza Nazeri on Friday stressed the need for strengthening trade ties between two neighboring countries, saying Iran is ready for barter trade and it will export petrochemical, steel and LPG to Pakistan while importing rice, meat and other agriculture products from Pakistan. While addressing the second meeting of…
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Sony Net Profit Jumps 53.3% In Q1 But Virus Clouds Annual Outlook
Tokyo, Aug 4 (AFP/APP): Sony said Tuesday its net profit surged 53.3 percent in the first quarter, but warned annual profits were likely to see double-digit falls as the coronavirus pandemic continues to cloud the forecast. The PlayStation giant said net profit for the April-June quarter reached 233.25 billion yen ($2.2 billion), with “significant increases” in its game…
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Pakistan Post revenue witnesses remarkable increase during last two years: Report
ISLAMABAD, Jul 27 (APP):Pakistan Post Office Department (PPOD) revenue has witnessed remarkable increase during last two years from 11.7 billion to 19.6 billion including receivable Rs.4.2 billion due to new initiatives taken by the present government. PTI-led govt from last two years had launched all-comprehensive reform initiatives in Pakistan Post in order to increase revenue…