JOHANNESBURG (Reuters) - South African industrial conglomerate Barloworld reported a 70 percent jump in first-half earnings on Monday, driven by demand from the mining industry, and said it expects strong full-year results. Barloworld, which supplies equipment to miners and is the biggest dealer of Caterpillar products in southern Africa, said diluted headline earnings per share totalled 243.1 cents in the six months to end-March versus 143.5 cents a year earlier. Headline EPS, the main measure of profit in South Africa, excludes certain one-time items. Revenue rose 19 percent to 28. ...S.Africa's Barloworld H1 up on strong miner demand
- 21 May 2012
JOHANNESBURG (Reuters) - South African industrial conglomerate Barloworld reported a 70 percent jump in first-half earnings on Monday, driven by demand from the mining industry, and said it expects strong full-year results. Barloworld, which supplies equipment to miners and is the biggest dealer of Caterpillar products in southern Africa, said diluted headline earnings per share totalled 243.1 cents in the six months to end-March versus 143.5 cents a year earlier. Headline EPS, the main measure of profit in South Africa, excludes certain one-time items. Revenue rose 19 percent to 28. ...Ryanair unveils record annual profit
- 21 May 2012
Irish no-frills airline Ryanair on Monday posted record annual profit on higher passenger numbers and ticket prices but warned that recession in Europe would weaken future earnings.Moody's upgrades rating for insurer Amerigroup
- 18 May 2012
Credit rating service Moody's on Friday upgraded its ratings on health insurer Amerigroup based on strong first-quarter earnings and the recent repayment of $260 million in debt.
Vale confident will win Brazil double tax case-CEO
- 18 May 2012
RIO DE JANEIRO (Reuters) - Brazilian iron ore miner Vale is confident it will win a dispute over taxes the government claims the company owes on earnings abroad, CEO Murilo Ferreira said on Friday. The government has ordered Vale to pay 30.5 billion reais ($15.19 billion) in tax on profits from its foreign subsidiaries. The company said it already paid the taxes to foreign governments and that Brazil's claim is a form of illegal double taxation. Vale, along with other companies and industry associations, is disputing the back taxes in Brazil's highest court. ...Earnings schedule for week of 5/21/2012
- 18 May 2012
Major companies tentatively scheduled to report quarterly earnings next week:
Bristol Airport under pressure to refinance debt
- 18 May 2012
LONDON (Reuters) - The owners of Bristol Airport may have to stump up some cash to help with the refinancing of 515 million pounds ($814 million) of debt which falls due next year, banking sources said on Friday. The western England airport, owned 50 percent by Macquarie's European Infrastructure Fund 1 and 49 percent by the Ontario Teachers Pension Plan (OTPP), with Sydney Airport holding the remaining 1 percent, has started talks with lenders but the level of debt relative to earnings makes it too risky for banks to agree a straightforward loan extension or refinancing, the sources said. ...
Zumiez falls on disappointing 2Q profit outlook
- 18 May 2012
Zumiez Inc.'s shares fell nearly 8 percent on Friday, after the company's second-quarter earnings outlook fell short of Wall Street's expectations.
ND oil tax 'Legacy Fund' has meager earnings
- 18 May 2012
North Dakota's newly created trust fund for oil taxes has had thin earnings, but the results are in line with a conservative investment philosophy that excludes stocks, money managers said Thursday.
Earnings Preview: Lowe's to report 1Q results
- 18 May 2012
Home-improvement chain Lowe's Cos. is set to report its fiscal first-quarter earnings result before the market opens on Monday, and analysts will be watching for evidence that shows consumers' willingness to spend on their homes as the spring season kicked off.