SBI posted a net profit of Rs 1,883 crore in the fourth quarter as against Rs 1,493 crore in the corresponding period last year, showing a growth of 26.1%. Its operating profit grew to Rs 4,373 crore as against Rs 3,969 crore, posting a growth of 10.2%. Total interest income was at Rs 13,577 crore as against Rs 10,518 crore showing a growth of 29.1% and non-interest income at Rs 2,817 crore as against Rs 2,668 crore showing a growth of 5.6%. The net interest income was at Rs 4,801 crore as against Rs 4,547 crore showing a growth of 5.6 per cent. The bank had booked no loss on account of exposure of derivatives in the Indian market. But for overseas exposure, the bank had taken a hit of $20 million. SBI had made a provision of $10 million in this regard.For the whole year ended 2007-08, Sta
Sanofi expects 2008 earnings per share, excluding some items, to increase 7 percent. GlaxoSmithKline Plc, Europe's largest drugmaker, forecast a profit decline this year, while Novartis AG said growth may pick up in the second half. Sanofi benefited from a recovery in Plavix after a U.S. judge ruled that Apotex Inc. couldn't continue to market cheaper imitations of the product, Sanofi's second-best seller.
by Edward Klump
CenterPoint Energy Inc., owner of natural-gas utilities in six U.S. states, said first-quarter profit jumped 48 percent after population gains and cooler weather stoked demand for heating fuel and power. Net income climbed to $130 million, or 38 cents a share, from $88 million, or 28 cents, a year earlier, Houston-based CenterPoint said today in a statement.
by Edward Klump
CenterPoint Energy Inc., owner of natural-gas utilities in six U.S. states, said first-quarter profit jumped 48 percent after population gains and cooler weather stoked demand for heating fuel and power. Net income climbed to $130 million, or 38 cents a share, from $88 million, or 28 cents, a year earlier, Houston-based CenterPoint said today in a statement.
Thursday Morning, April 19th
Dow Jones News:
Altria Group Inc. (MO) on Thursday said first-quarter net income fell
to
$2.75 billion, or $1.30 a share, from $3.48 billion, or $1.65 a share.
On a continuing operations basis, it earned $1.01 a share, and on an
adjusted continuing operations basis it earned $1.03 a share. Analysts,
on average, expected it to earn $1.05 a share, according to Thomson
Financial. Net revenue rose to $17.56 billion from $16.23 billion. The
company, whose cigarette brands include Marlboro and Parliament, raised
its profit forecast from continuing operations for the year to a range
of $4.20 to $4.25 a share, from its prior view of $4.15 to $4.20 a
share. Analysts polled by Thomson Financial expect it to earn $4.26 a
share for the year, on average. - MarketWatch
UTX United Tech Prudential Price Target Raised Overweight $78 to $81;
JPM JP Morgan Chase Rochdale Securities Price Target Raised Buy $54 to
$58;
Breakouts the Ice Man may consider trading
Friday Morning, April 13th
Dow Jones Stocks:
General Electric Co. said Friday its first-quarter net income rose 2%
to
$4.51 billion, or 44 cents a share, up from $4.44 billion, or 42 cents
a
share, in the year-ago period. Revenue rose 6% to $40.2 billion from
$38.03 billion. Analysts polled by Thomson Financial forecast earnings,
on average, of 44 cents a share and revenue of $39.82 billion. GE
forecast second-quarter earnings of 52 cents to 54 cents a share and
affirmed its 2007 earnings outlook of $2.18 to $2.23 a share. The
Fairfield, Conn.-based GE is a financial services giant and diversified
industrial manufacturer, making a variety of products from jet engines
to medical devices, and operates entertainment arm NBC Universal. ""GE
Money's earnings were tempered by challenges at its U.S. mortgage
business (WMC), and [GE] Healthcare had a temporary regulatory
suspension on shipments of its surgical supplies that affected their
performance," said CEO Jeff Immel
Fort Worth, Texas - Cash America International, Inc. (NYSE:CSH) announced today that net income for the second quarter ended June 30, 2006 increased 58 percent to $10,913,000 (36 cents per share) compared to $6,900,000 (23 cents per share) for the same period in 2005.
