Category: profit
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Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year
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In cryptocurrency trading, remarkable success stories often emerge, demonstrating the potential for significant returns. One such story is that of an anonymous cryptocurrency trader who recently managed to turn a $23 million portfolio into $65 million over the course of a year, according to ideas From Lookonchain, a cryptocurrency analytics…
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Mizrahi Tefahot posts NIS 1.27b profit, declares maximum dividend
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Mizrahi-Tefahot Bank released its first-quarter financials today, reporting a net profit of NIS 1.27 billion, 6.9% less than in the corresponding quarter of 2023, but 21% more than in the previous quarter, which was an unusually bad quarter. For all banks after the outbreak of war. The bank’s annual return…
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XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
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XTX Markets’ global UK subsidiaries have published their 2023 financial results, revealing their profits fell by double digits. Despite this, the company’s management views the results positively, noting that 2022 was an exceptionally strong financial year. Net revenues and profits at XTX Markets UK fell sharply According to the report…
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Alpha Bank posts record profit since 2007, eyes dividend resumption By Investing.com
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Alpha Services and Holdings, the parent company of Alpha Bank (ALPHA.AT), reported a robust first-quarter profit of €211 million for 2024, marking the highest earnings the bank has achieved since the third quarter of 2007. The bank has expressed confidence in its full-year outlook, expecting to maintain strong performance with…
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Co-op Bank profit up 8pc to Sh6.6bn in first quarter
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The Cooperative Bank of Kenya posted a 7.7 percent growth in net profit to Sh6.58 billion in the first three months ended March 2024 thanks to increased income and containment of operating costs. The growth in net profits from Sh6.11 billion recorded in the same quarter last year came on…
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Equity Group net profit rises by a quarter in Q1 to Sh15bn
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Equity Group Holdings reported a 25.1 percent growth in net profit for the first three months to March to Sh15.3 billion from Sh12.3 billion in the corresponding period a year earlier. The increase in profits is due to the increase in income during this period, as the bank grew its…
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Honda sees full-year profit rising 2.8% By Reuters
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TOKYO (Reuters) – Japan Honda Motor Co. (NYSE:) forecast a 2.8% increase in operating profit for this fiscal year, after beating analysts’ estimates in the fourth quarter as strong sales growth in the United States offset a decline in China. Full-year operating profit for Japan’s second-largest automaker by volume is…
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Safaricom maintains dividend as profit hits Sh63bn
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Safaricom maintained a dividend of Sh1.20 per share at Sh48.08 billion after net profit grew by 1.2 percent to Sh62.99 billion. The telecom company announced on Thursday that its board of directors has recommended a final dividend of Sh0.65 per share amounting to Sh26.04 billion to be in addition to…
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BMW says costs, low used car prices to weigh on 2024 pre-tax profit By Reuters
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Written by Andrei Sychev and Nick Carey BERLIN (Reuters) – BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices also contributing to the decline. The Munich-based automaker reported a decline…
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Brazil’s Carrefour swings to profit in first quarter By Reuters
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SAO PAULO (Reuters) – Carrefour Brazil, controlled by France Carrefour (EPA:) announced net profits of 39 million riyals ($7.7 million) for the first quarter, offsetting losses in the same period last year, as rising food inflation pushed up its profits. On an adjusted basis, it also returned to the black…
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Disney posts surprise profit in streaming, raises earnings forecast
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Written by Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s streaming entertainment unit reported its first earnings on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share forecast, as it said its turnaround efforts were paying off. The company’s shares fell 1.4% in…
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These Divisions Contributed Significantly to Tether’s Q1 2024 Profit of $4.52B
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Earlier this week, the largest stablecoin issuer, Tether, revealed that it generated more than $4.52 billion in net profits in the first quarter of 2024. With the company recently expanding its operations, a large portion of the profits came from its long-standing operations. Existing companies, not newly formed divisions. pregnancy…
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Tether’s Record-breaking $4.5 Billion Profit From US Treasuries
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In innovative quarter l Tether, the main source of stablecoin, The company reported net income of $4.5 billion, driven largely by its extensive holdings of U.S. Treasury securities. This achievement strengthens the company’s position as a major player in the cryptocurrency market and underscores the growing importance of stablecoins as…
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Trainline Doubles Profit Amid Accelerating European Sales Despite Nationalisation Threat
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Trainline has reported a significant increase in its operating profits, with growth exceeding 100 per cent last year, driven by strong ticket sales, according to its latest annual results. The company revealed it had doubled its operating profits from £28m in 2023 to £56m in the 12 months leading up…
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McDonald’s Faces Profit Disappointment Amidst Cost-Conscious Consumers and Middle East Conflict
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McDonald’s, the American fast food giant, finds itself facing profit setbacks, with CEO Chris Kempczinski stressing growing financial caution among consumers and the repercussions of the conflict in the Middle East on its global operations. In the latest quarter, McDonald’s reported modest 1.9 percent growth in comparable sales, below Wall…
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Standard Chartered Q1 profit rises 5.5%, beats estimates By Reuters
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HONG KONG/LONDON (Reuters) – Standard Chartered on Thursday reported a 5.5 percent rise in first-quarter pre-tax profit, beating estimates, as higher interest rates boosted the emerging markets-focused bank’s profits. Standard Chartered, which generates most of its revenue in Asia, said its pre-tax profit in the quarter was $1.91 billion. That…
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GSK raises full-year profit forecast, says first-half will see stronger sales By Reuters
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