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Tag Archives: Revenue

Australian earnings development slows, sellers’ revenue slumps

CANBERRA: Australia’s retailers have been hit by tight-fisted consumers as wages grow at their slowest since at least the late 1990s, face a worsening downturn in revenue that bolsters the case for another interest rate cut next week by the central bank. Australia’s 16 retailers with market capitalisation of at least $100 million are forecast to post an 8.5 percent ... Read More »

Kuwait’s Burgan Bank revenue jumps by 9% to KD 275.7 million in 2014

KUWAIT: Burgan Bank Group announced here the other day its financial year2014 results. A solid operating & financial performance continues reflecting a faster than market growth almost in all indicators and mirroring the soundness of Burgan Bank’s resilient business model. Compared to the same period last year, Operating income grew by 9percent from KD253.6 million to KD 275.7 million while ... Read More »

Australian earnings development slows, sellers’ revenue slumps

CANBERRA: Australia’s retailers have been hit by tight-fisted consumers as wages grow at their slowest since at least the late 1990s, face a worsening downturn in revenue that bolsters the case for another interest rate cut next week by the central bank. Australia’s 16 retailers with market capitalisation of at least $100 million are forecast to post an 8.5 percent ... Read More »

Hong Kong stamp duty revenue jumps by 80% to HK$70 billion in 2014

HONG KONG: The city’s revenue from stamp duties received in this financial year could amount to HK$70 billion, a more than 80 per cent jump from last year, thanks to the government’s extra effort to cool the property market. A source familiar with the situation said the double stamp duty – targeting investors owning more than one property – had ... Read More »

Australian tax office claims to recover $1b revenue from multinationals

CANBERRA: Australian tax commissioner Chris Jordan has said that  Australian Taxation Office is on track to recoup $1 billion in revenue from companies. The political pressure on the Tax Office and Treasury to stop companies such as Apple, Google and Microsoft from shifting profits to low-tax or no-tax jurisdictions has increased, with the head of Treasury’s revenue group Rob Heferen ... Read More »

Qatar’s Milaha revenue jumps 10pc to QR1.04bn in 2014

DOHA: Qatar Navigation Company’s (Milaha) net profit for the full year 2014 touched QR1.04bn, up 10 percent from QR950m recorded a year ago. Milaha’s earnings per share (EPS) amounted to QR9.23 in 2014 compared to QR8.33 in 2013. Company directors have recommended cash dividend of 55 percent of its share’s par value, or QR5.5 per share. The company’s operating revenues ... Read More »

Thai Ananda development plans to invest $307m to boost revenue by 20% in 2019

BANGKOK: Ananda Development has planned to invest 10 billion baht ($307 million) a year to boost revenue by 20 percent annually to 35 billion baht ($1.07 billion) in 2019, The Nation reported, citing chief financial officer Muntana Aue-Kitkarjorn. Read More »

Thai property perfect targets revenue of Bt20 billion in 2015

BANGKOK: Thai property perfect has targeted revenue of Bt20 billion in 2015, Bt18 billion from residential sales and the rest from hotel business. The firm’s acquisition of Thai Property will be complete by mid-2015, which will give it a major stake in Grande Asset Hotels and Property by July 22, Property Perfect chief executive officer Chainid Adhyanasakul told a news ... Read More »

Kuwait’s KIPCO revenue jumps by 15% to KD 46.1m 2014

KUWAIT: KIPCO the Kuwait Projects Company has announced a net profit of KD 46.1 million ($157.4 million), or 33 fils ($11.3 cents) per share for the year ended 31 December, 2014 – an increase of 15 per cent on the KD 40.1 million ($137 million), or 27.92 fils ($9.5 cents) per share, reported in 2013. KIPCO’s Board of Directors is ... Read More »

EPS hikes 10.24 sen: Malaysia’s Parkson’s revenue jumps by 332.29%

PETALING JAYA: Tan Sri William Cheng’s Parkson Holdings Bhd reported a net profit that leaped 332.29% to RM110.61mil on the back of a 3.54% jump in revenue to RM981.68mil for the second quarter to Dec 31, 2014. Earnings per share increased to 10.24 sen from 2.38 sen. The better earnings were a result of its “property and others division”, which ... Read More »

Thai property perfect targets revenue of Bt20 billion in 2015

BANGKOK: Thai property perfect has targeted revenue of Bt20 billion in 2015, Bt18 billion from residential sales and the rest from hotel business. The firm’s acquisition of Thai Property will be complete by mid-2015, which will give it a major stake in Grande Asset Hotels and Property by July 22, Property Perfect chief executive officer Chainid Adhyanasakul told a news ... Read More »

Thai Ananda development plans to invest $307m to boost revenue by 20% in 2019

BANGKOK: Ananda Development has planned to invest 10 billion baht ($307 million) a year to boost revenue by 20 percent annually to 35 billion baht ($1.07 billion) in 2019, The Nation reported, citing chief financial officer Muntana Aue-Kitkarjorn. Read More »

Kuwait’s KIPCO revenue jumps by 15% to KD 46.1m 2014

KUWAIT: KIPCO the Kuwait Projects Company has announced a net profit of KD 46.1 million ($157.4 million), or 33 fils ($11.3 cents) per share for the year ended 31 December, 2014 – an increase of 15 per cent on the KD 40.1 million ($137 million), or 27.92 fils ($9.5 cents) per share, reported in 2013. KIPCO’s Board of Directors is ... Read More »

Hong Kong’s Jinhui Q4 revenue falls by 47% to $30m

HONG KONG: Jinhui Shipping and Transport has slumped to a fourth quarter loss of $68.4m in line with its profit warning issued last month. The Oslo and Hong Kong-listed shipowner said revenue for the quarter dropped 47% to $30m, while costs declined 16.5% to $28m. Jinhui took an impairment charge of $50.5m against the value of its fleet, which was ... Read More »

Qatar’s Milaha revenue jumps 10pc to QR1.04bn in 2014

DOHA: Qatar Navigation Company’s (Milaha) net profit for the full year 2014 touched QR1.04bn, up 10 percent from QR950m recorded a year ago. Milaha’s earnings per share (EPS) amounted to QR9.23 in 2014 compared to QR8.33 in 2013. Company directors have recommended cash dividend of 55 percent of its share’s par value, or QR5.5 per share. The company’s operating revenues ... Read More »

Australian tax office claims to recover $1b revenue from multinationals

CANBERRA: Australian tax commissioner Chris Jordan has said that  Australian Taxation Office is on track to recoup $1 billion in revenue from companies. The political pressure on the Tax Office and Treasury to stop companies such as Apple, Google and Microsoft from shifting profits to low-tax or no-tax jurisdictions has increased, with the head of Treasury’s revenue group Rob Heferen ... Read More »

Growth of 2.4%: Kuwait’s NMTC revenue jumps by KD 748.5 million in 2014

KUWAIT: National Mobile Telecommunications Company NMTC (Ooredoo) announced its financial results for the year of2014 here the other day. * Total customer base increased to 23.2 million at the close of 2014, versus 19.9 million for the same period in 2013, amounting to growth of 16.4percent. * Revenues for year of 2014 amounted to KD 748.5 million ($2,553.9 million), compared ... Read More »

Hong Kong stamp duty revenue jumps by 80% to HK$70 billion in 2014

HONG KONG: The city’s revenue from stamp duties received in this financial year could amount to HK$70 billion, a more than 80 per cent jump from last year, thanks to the government’s extra effort to cool the property market. A source familiar with the situation said the double stamp duty – targeting investors owning more than one property – had ... Read More »

Hong Kong’s Jinhui Q4 revenue falls by 47% to $30m

HONG KONG: Jinhui Shipping and Transport has slumped to a fourth quarter loss of $68.4m in line with its profit warning issued last month. The Oslo and Hong Kong-listed shipowner said revenue for the quarter dropped 47% to $30m, while costs declined 16.5% to $28m. Jinhui took an impairment charge of $50.5m against the value of its fleet, which was ... Read More »

Australian tax office claims to recover $1b revenue from multinationals

CANBERRA: Australian tax commissioner Chris Jordan has said that  Australian Taxation Office is on track to recoup $1 billion in revenue from companies. The political pressure on the Tax Office and Treasury to stop companies such as Apple, Google and Microsoft from shifting profits to low-tax or no-tax jurisdictions has increased, with the head of Treasury’s revenue group Rob Heferen ... Read More »