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Keywords: Quarterly earnings
German reinsurer Munich Re reported stronger-than-expected second-quarter results on Friday, supported by solid operational performance and unusually low costs from major insurance claims. The company posted a preliminary net profit of around €2.2 billion ($2.50 billion) for the quarter, significantly......
Sapphire Foods India, one of the country's largest franchise operators for KFC and Pizza Hut, returned to profitability in the first quarter of the financial year as aggressive discount campaigns attracted more customers despite a highly competitive restaurant market. The company reported a consolidated......
India's Hindustan Zinc has appointed Amarendu Prakash as its next chief executive officer while reporting a sharp increase in quarterly earnings, supported by a strong rise in base and precious metal prices. The company announced on Friday that Prakash, the former chairman and managing director......
easyJet reported a sharp decline in quarterly earnings after higher fuel costs and weaker travel demand linked to geopolitical tensions in the Middle East significantly affected the low-cost carrier's financial performance. The British airline posted a pre-tax profit of £85 million for the......
ICICI Bank reported a robust increase in first-quarter profit, surpassing market expectations as strong loan demand and lower provisions for potential bad loans boosted earnings. The results reinforce the strength of India's banking sector, where healthy credit growth and improving asset quality......
JSW Steel, India’s largest steel producer, reported stronger-than-expected quarterly earnings on Friday, benefiting from improved domestic steel prices and stable production volumes despite rising raw material costs. The Mumbai-based company posted consolidated net profit of 46.51 billion Indian......
Fifth Third Bancorp reported a sharp increase in second-quarter profit, supported by stronger net interest income and growing revenues from its capital markets and wealth management divisions. The performance highlights the continued resilience of regional banks in the United States as lenders adapt......
ICICI Lombard General Insurance posted a sharp decline in first-quarter earnings as higher claims payouts and increased commission expenses weighed on the company's profitability despite continued activity in India's insurance market. The insurer reported that profit after tax for the quarter......
Indian telecommunications company Vodafone Idea reported an unexpected profit for the fourth quarter of its fiscal year, marking a significant development for one of the country’s largest mobile network operators. According to the company’s latest financial announcement, Vodafone......