01252017Wed
Last update: Wed, 25 Jan 2017 12am

Company News: World

Archive: 

Halliburton Co, the world's No. 2 oilfield services provider, reported its first quarterly operating profit in North America in a year as oil producers put more rigs back to work in North American shale fields.
Indian oil-to-telecoms conglomerate Reliance Industries Ltd expects a sharp rise in operating profit from the next financial year as it completes an expansion of its core refining and petrochemicals business, a senior executive said on Monday.
Russia's energy giant Gazprom returned to profit in the third quarter of 2016 thanks to record demand for Russian gas while prices for hydrocarbons were falling, it said Thursday. Analysts had, however, expected the company to do better than the 102.16 billion rubles ($1.72 billion at Thursday's rate) it booked in net profit between June and September. It made a loss in the same period in 2015.
Goldman Sachs and Citigroup closed earnings season on a good note Wednesday, as major US banks saw profits boosted by the election victory of Donald Trump, who promised to dismantle financial regulations. Goldman announced 2016 net profit for shareholders of $7.1 billion, including $2.15 billion in the fourth quarter, while Citigroup saw a profit of $14.9 billion for the year, with $3.57 billion for the final three months.
Aeon Co posted a 51 percent jump in its third-quarter operating profit as brisk business at supermarkets, drug stores and discount outlets helped the biggest retailer by sales in Japan offset losses at its general merchandise stores.
India's biggest IT sourcing firm Tata Consultancy services reported better-than-expected quarterly earnings on Thursday, boosted by demand for its digital services. The software giant said net profit for the three months to December 31 rose to 67.78 billion rupees ($995 million) from 61.10 billion rupees for the same period last year.
Switzerland's luxury watch sector can profit from a smartwatch boom as more consumers seek high-end versions of the technology, an industry veteran was quoted as saying. Swiss watchmakers, who once dismissed smartwatches as a fashion accessory, are racing to grab a share of a fast-growing market via technology partnerships and stepping up investments.