Search results for: profit

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  • 18 April 2016
    Business & Finance

    National Shipping Company of Saudi Arabia (Bahri) has seen a rise in its profits in the first quarter of 2016, as the company recorded a net profit of SAR 611.9 million (USD 163.2 million) in the first three months of the year. The company’s net profit jumped by 53% compared to the same period a year earlier when it reached […]

  • 7 June 2017
    Business & Finance

    Albeit early signs of recovery became visible during the first months of 2017, the shipping industry’s protracted slowdown will continue to exert pressure on German ship lenders’ profitability. In its latest report, Moody’s rating agency informed that the five biggest German ship lenders reported outstanding ship-related loans of EUR 59 billion at the end of 2016, […]

  • 3 December 2015
    Business & Finance

    The struggles of dry bulk shipping companies to recover their costs are to resume for at least the following years as the gloomy outlook for the dry bulk shipping market continues. Ship owners’ efforts to recover their costs by downsizing their vessel holdings is expected to enable oversupply to reduce over the next five years allowing […]

  • 30 October 2015

    The plunge in oil prices almost halved third-quarter profits at Texas-based energy giant ExxonMobil. The oil and gas company posted third-quarter earnings of $4.2 billion, down 47 percent as compared to $8.1 billion a year earlier. “We maintain a relentless focus on business fundamentals, including cost management, regardless of commodity prices,” ExxonMobil’s CEO, Rex W. Tillerson said […]

  • 21 October 2015

    Spanish LNG terminal operator Enagás posted a net profit of 313 million euros in the first nine months of this year, up 1.5 percent compared to the same period in 2014. “An important factor in this increase was the contribution of the company’s international assets, most notably the consolidation of an additional quarter compared with 2014 of […]

  • 28 August 2015
    Business & Finance

    China Shipping Container Lines Company Limited (CSCL) has recorded a steep decline in profit recording 97.5 % fall in earnings when compared to the last year’s results. Namely, the profit attributable to owners of the parent in the first half of 2015 amounted to RMB 10,643,000 (USD 1.6 million) a major fall from RMB 431.6 million […]

  • 30 April 2019
    Business & Finance

    British oil major BP posted a slight dip in the first quarter underlying replacement cost (RC) profit, citing the weaker oil price and margin environment at the start of the quarter.

  • 7 August 2018
    Business & Finance

    A.P. Møller – Mærsk A/S has downgraded its profit guidance for 2018 amid growing uncertainties on the market.

  • 8 March 2016
    Business & Finance

    Manila-based container terminal owner and operator International Container Terminal Services Inc. (ICTSI) has posted a net income of USD 58.5 million for the full year of 2015, down by 68 percent compared to the USD 182 million earned in 2014. During 2015, the company handled a total of 7.8 million twenty-foot equivalent units (TEUs), a five […]

  • 22 July 2015
    Business & Finance

    In the first half of 2015 Italian shipbuilding major Fincantieri posted a profit of EUR 12 million (USD 13.1 million), cut by a half when compared to the profit of EUR 24 million in the first half of 2014. Profit loss for the period amounted to a negative EUR 19 million for the first half of […]

  • 28 August 2015
    Business & Finance

    China Shipping Container Lines Company Limited (CSCL) has recorded a steep decline in profit recording 97.5 % fall in earnings when compared to the last year’s results. Namely, the profit attributable to owners of the parent in the first half of 2015 amounted to RMB 10,643,000 (USD 1.6 million) a major fall from RMB 431.6 million […]

  • 26 October 2015

    Doha-based Qatar Navigation (Milaha) posted a 17 percent increase in net profit in the first nine months of this year to QAR 959 million ($264m).

  • 24 February 2016
    Business & Finance

    Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) delivered a net profit of QAR 1.095 billion (USD 300.6 billion) for the full year of 2015, representing a 4 percent increase compared to the previous year. The company’s operating revenues for the period increased by 14 percent to QAR 2.998 billion (USD 823.2 billion) from QAR 2.633 billion […]

  • 22 July 2015
    Business & Finance

    In the first half of 2015 Italian shipbuilding major Fincantieri posted a profit of EUR 12 million (USD 13.1 million), cut by a half when compared to the profit of EUR 24 million in the first half of 2014. Profit loss for the period amounted to a negative EUR 19 million for the first half of […]

  • 25 October 2018
    Business & Finance

    TechnipFMC has recorded higher profit in the third quarter of 2018, despite lower revenues. During the third quarter of 2018, the company reported net profit of $136.9 million, or $0.30 per diluted share, compared to $121.0 million in the same period of 2017. Total revenue was $3.1 billion compared to $4.1 billion in Q3 2017, a decrease of 24.1%, the company informed. […]

  • 17 July 2017
    Business & Finance

    Hong Kong-listed China Merchants Port Holdings expects to record an over 50 percent jump in profit for the six months ended 30 June 2017 when compared with the same period last year. The increase in net results for the first half of the year has been ascribed primarily to the expected net gain of approximately […]

  • 30 October 2015

    UK-based LNG player BG Group said its third-quarter earnings of $280 million were down 63 percent when compared to 2014. Revenue and other operating income decreased 9 percent to $4.15 billion, reflecting a significant fall in realised sales prices impacting both the Upstream and LNG Shipping & Marketing segments, BG said on Friday. BG’s E&P production […]

  • 5 August 2015

    LNG engineer KBR posted a net income of $62 million in the second quarter of 2015, compared to a net loss of $8 million in the same period a year ago. Consolidated revenue in the second quarter of was $1.4 billion compared to $1.7 billion in the second quarter of 2014, the Houston-based company said […]

  • 24 April 2018
    Business & Finance

    Clarkson PLC expects its profits for the first half and the full year to drop significantly due to market headwinds.

  • 5 August 2015

    LNG engineer KBR posted a net income of $62 million in the second quarter of 2015, compared to a net loss of $8 million in the same period a year ago. Consolidated revenue in the second quarter of was $1.4 billion compared to $1.7 billion in the second quarter of 2014, the Houston-based company said […]

  • 17 May 2018
    Business & Finance, Equipment, Operations & Maintenance

    French geoscience expert CGG has reported net profit of $647 million for the quarter ended March 31, 2017, against net loss of $145 million same time last year. For the first quarter 2018, the company generated $246 million in revenue and operating income of negatine $67 million, against revenue of $249 million and operating income […]

  • 8 January 2016
    Business & Finance

    Singapore’s Ezra Holdings Limited, an integrated offshore support provider, has issued a profit warning with respect to the unaudited consolidated financial results for the first quarter of the 2016 fiscal year ended 30 November 2015. “The Board is of the view that the 1Q FY2016 results will show a net loss as compared to earnings recorded in […]