Tag Archives: earnings

Savers set to earn double-digit return on their contributions for the last financial year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) saw its earnings rise by 15% to Shs 2.53 trillion for the financial year ending June 30, 2024, driven by gains across its investment portfolio, …

  Johannesburg, South Africa | THE INDEPENDENT |  Absa Group has today reported strong normalised headline earnings of R21 billion ($1.15billion) for the 2022 financial year, an increase of 13% from the prior year and well above pre-COVID levels. The result, Absa Group said,  was driven by significantly higher pre-provision …

New York, U.S. | Xinhua | U.S. stocks advanced for the week as Wall Street assessed a batch of earnings reports and economic data. For the week ending Friday, the Dow gained 0.4 percent, the S&P 500 rose 1.3 percent and the tech-heavy Nasdaq Composite advanced 2.7 percent. For October, the …

San Francisco, United States | AFP | Google parent Alphabet on Monday reported a sharp drop in profits over the past quarter as it ramped up spending for the launch of a wide array of new gadgets and services. Profit dipped 23 percent from a year ago to $7.1 billion …

London, United Kingdom | AFP | Energy giant Royal Dutch Shell on Thursday said its net profit edged higher to $6 billion in the first quarter, with gains capped by cooler oil prices and a dip in production. Profit after tax climbed two percent compared with the first three months …

Johannesburg, South Africa | AFP | South African telecommunications giant MTN on Thursday said its subscriber base grew by 16 million customers last year to 233 million, good news for the embattled mobile operator. MTN faces regulatory issues in some of the countries it operates in, including the largest, Nigeria. A …

San Francisco, United States | AFP | Ride-share company Uber on Wednesday said that its net loss topped a billion dollars in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery. While a private company, Uber has taken to sharing quarterly earnings figures as …

New York, United States | AFP | Apple shares tumbled Friday a day after quarterly results showing strong profits but weaker-than-anticipated iPhone sales and a disappointing outlook for the key holiday period. In midday trade, Apple skidded 7.3 percent to $206.07, slipping below the $1 trillion milestone it topped in …

New York, United States | AFP | Spotify shares took a hit Thursday after a disappointing growth outlook offset the first-ever quarterly profit posted by the streaming music sector leader. Shares in the Swedish-based music group slid 5.7 percent to close at $141.16 after the company’s third quarter earnings report. …

Hong Kong, China | AFP | Asia-focused bank Standard Chartered on Wednesday said pre-tax profits rose 25 percent in the first nine months of the year, and warned it was keeping tabs on worsening China-US trade tensions. The results come as the world’s top two economies have imposed a series …