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Brazil's Natura posts narrower Q1 loss despite sales jump

By Reuters Staff
1 Min Read
BRASILIA, May 12 (Reuters) - Brazilian cosmetics maker Natura & Co, owner of brands Avon and The Body Shop, reported that its first quarter loss narrowed to 155.2 million reais from 820.8 million a year ago, as online sales jumped.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) rose 470.7%, to 829.1 million reais. (Reporting by Carolina Mandl Editing by Chris Reese) ....

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Canada Goose beats revenue estimates

By Reuters Staff
1 Min Read
May 13 (Reuters) - Canada Goose Holdings Inc on Thursday beat analysts’ estimates for fourth-quarter revenue, helped by surging online sales and strong demand for the apparel maker’s luxury parkas in China.
Revenue rose to C$208.8 million ($171.84 million) from C$140.9 million a year earlier, beating analysts’ estimates of C$164.8 million, according to IBES data from Refinitiv. ($1 = 1.2151 Canadian dollars) (Reporting by Praveen Paramasivam in Bengaluru; Editing by Devika Syamnath) ....

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Toyota Q4 operating profit nearly doubles from year-ago

Toyota Motor Corp reported on Wednesday its fourth-quarter operating profit jumped 92%, nearly doubling since last year as it shrugged off chip-supply issues and as its sales recovered from the impact of the coronavirus pandemic. ....

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Singapore lender UOB's Q1 profit jumps 18% on lower impairment charges

By Reuters Staff
1 Min Read
SINGAPORE, May 6 (Reuters) - United Overseas Bank, Singapore’s smallest listed lender, reported an 18% rise in first-quarter net profit on Thursday, supported by strong fee income growth and a decline in impairment charges.
The bank expects sustained business momentum amid a rebound in economic activity and said it was seeing robust credit demand from its large corporate customers.
UOB reported net profit of S$1.0 billion ($748.9 million) for the quarter ending March versus the S$891.4 million average of two analysts’ estimates compiled by Refinitiv, and compared with S$855 million in the year-ago period. ($1 = 1.3352 Singapore dollars) (Reporting by Anshuman Daga Editing by Shri Navaratnam) ....

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