[ ZURICH: UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival Credit Suisse. The net income attributable to shareholders for Switzerland’s largest bank was better than a company-provided consensus estimate of $602 million and compares with a profit of $1 billion in the same period … Read more
[ HONG KONG/LONDON: Standard Chartered PLC posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender. StanChart, which earns most of its revenue in Asia, said pretax profit in the quarter was $1.91 billion. That compared with $1.81 billion a year … Read more
[ NEW DELHI: Maruti Suzuki India on Friday reported a 47.8 per cent increase in net profit to Rs 3,877.8 crore for the March quarter, on the back of higher sales volume and favourable commodity prices.The country’s largest car maker surpassed annual total sales milestone of 2 million units for the first time in 2023-24.The … Read more
[ NEW DELHI: Power transmission company Skipper Ltd on Monday posted an over two-fold rise in consolidated net profit at Rs 20.4 crore for December quarter FY24, backed by higher income. It had clocked a net profit of Rs 9.5 crore in October-December FY23, the company said in an exchange filing. Total income surged to … Read more
[ BENGALURU: Adani Ports and special economic zone, India’s largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs. Consolidated net profit rose to 22.08 billion rupees ($266.1 million) in the October-December quarter, the company, which is part of billionaire Gautam … Read more
[ NEW DELHI: State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs 723 crore for December quarter 2023-24, on the back of improvement in core income and reduction in bad loans. The Chennai-based lender had earned a net profit of Rs 555 crore in the same quarter … Read more
