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Portugal's fourth-largest bank, Novo Banco, reported on Friday a 4% rise in first-quarter net profit, benefiting from higher interest rates and strict cost controls, which allowed it to further boost its capital ratios. ....
Uganda's largest telecommunications firm MTN Uganda said on Tuesday its first-quarter pretax profits jumped by a fifth from the same period of last year, partly boosted by higher data sales. ....
By Reuters Staff 2 Min Read TOKYO, May 13 (Reuters) - Japan’s biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2021 by 40% on Thursday thanks to higher than expected oil prices but left its capital expenditure plans unchanged so it can repay more debt. Inpex is now forecasting a net profit of 140 billion yen ($1.3 billion) this year, up from its February prediction of 100 billion yen, after it raised its assumption for average Brent oil prices this year to $60.3 a barrel from $53.0. “This will mean a V-shaped earnings recovery from last year, when we were forced to book a hefty net loss as the COVID-19 pandemic hit fuel demand and oil prices,” Inpex Managing Executive Officer Daisuke Yamada told a news conference. ....
By Reuters Staff 1 Min Read TOKYO, May 6 (Reuters) - Japan’s Nintendo Co Ltd on Thursday forecast Switch console sales to reach 25.5 million units in the financial year that started April 1, signalling expectations of the hit device peaking. Nintendo sold 28.8 million Switch consoles in the year ended March 31. That compared with the 26.5 million that the games maker forecast in February. Reporting by Sam Nussey; Editing by Christopher Cushing ....
3 Min Read HOUSTON, April 30 (Reuters) - Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year. Oil companies are generally enjoying a recovery in energy prices, up at least a third this year, after the pandemic hammered demand at the start of 2020. Chevron and its peers slashed spending, paving the way for several firms to post sharply better results. But as European rivals topped forecasts, Chevron’s earnings declined on winter storm production losses, weaker margins and the absence of asset and tax items that benefited year-ago profit. ....