Alpha Bank reported large profit decrease for 2010
The Greek Financial Group - Alpha Bank reported a sharp drop in profits last year after the deepening economic crisis in the country affected the growth of bank lending and increase reserves to cover problem loans. The third largest Greek lender has realized a net profit of 85.6 million for 2010 compared with a positive financial result of 349.8 million for 2009, writes Financial Times. The profit decreased sharply by 75.5 per cent, which contributes one-time tax of 61.8 million imposed by the government to curb the budget deficit. The Greek government, the country's international creditors, the European Commission and the International Monetary Fund (IMF) urged banks in Greece to unite to strengthen investor confidence to them and reduce their dependence on funding from the European Central Bank. The management of Alpha Bank, however, are adamant that merger talks with its larger rival National Bank of Greece have ended without success and will not be renewed. According to Alpha Bank was too risky to negotiate a merger at this stage because of the unstable economic environment. From Alpha Bank has indicated it will focus on reducing the cost and level of indebtedness to increase their liquidity. The provisions of the Bank's bad loans rose to a record 2.2 billion last year. Problem loans increased by 40% in 2010 amid debt crisis in the country. Their share of total loans reached 8.2 percent in the fourth quarter of last year compared with 5.7 percent a year earlier.
Oracle surprised with 76% profit increase
The U.S. company for software development Oracle reported surprisingly high growth in profit for the third quarter of its fiscal year. This is due to increased sales of new corporate clients and performance of the division for the production of hardware. The company's profit during the three months to February 28 amounted to 2,1 billion dollars, or 41 cents a share. For the same period last year, Oracle had a positive result of 1.19 billion dollars, or 23 cents a share. For the exclusion of certain one-off effects estimated profit of 54 cents per share. Meanwhile, the Oracle's sales have increased by 37 percent annually to 8.76 billion dollars. The preliminary estimates of analysts was for earnings excluding one-time effects amounting to 50 cents a share and revenue of 8.7 billion dollars.
"We have an excellent quarter," said one company president Safra Katz. The good results of Oracle to increase the quarterly dividend to shareholders. So it will be 0.06 dollars per share, or 20% higher than the dividend for the previous quarter.
The positive news is that the company does not expect significant negative effects due to the earthquake in Japan and the subsequent tsunami, despite the expected results for this quarter to be better than early estimates. The Japanese market Oracle generates about 5 percent of their annual revenue.
RIM increased its profits wil 31% due to strong sales of Blackberry
The manufacturer of smartphones Blackberry - Canadian company Research In Motion (RIM), reported 31 percent jump in profit last quarter thanks to strong sales of the Blackberry. The net profit of the company increased to 934 million dollars for three months until 26 February, which represented the fourth financial quarter of Research In Motion, says Wall Street Journal. An year ago, the positive financial result was the amount of 710 million dollars. The company's revenues rose to 5.55 billion dollars for the fourth quarter compared with 4.08 billion a year ago, making an increase of 36 percent. The reason for this lies in the good sales of smartphones BlackBerry, although at the beginning of this year they were ousted by U.S. market share of mobile phone operating system Android. Within the relevant quarter RIM sold about 14.9 million smartphones BlackBerry, and the number for the whole financial year increased to 52.3 million for the year RIM net profit of 3.4 billion dollars, up 47% more than the previous financial year. Revenues amounted to 19.9 billion dollars, an increase of 33 per cent from the previous year. In April the market in the U.S. and Canada is expected to hit the long awaited tablet RIM - Blackberry Playbook. He will compete with iPad of Apple, it will be sold at similar prices.
The profit of E.On decreased with 30%
The German company for the electricity and communication services E. On announced a 30% drop in profits for 2010. Meanwhile, the revenue rose by giant 16 per cent. E. On Earnings for 2010 amounted to 5.85 billion euros, after the 2009 positive result was 8.42 billion. Expectations of analysts was for a much more modest results - 4.88 billion EUR. During the year, E. On has a revenue of 92.86 billion, up 16 percent over results from 2009. Revenues significantly exceed the estimates according to their size had to be 83.62 billion. The company said it plans to pay dividend of at least 1.30 EURÂ per share for this year and next. The outlook for 2011 is earnings before interest, taxes, depreciation and amortization to be between 11.2 and 11.9 billion, without taking into account one-off effects. In such limits are expected results for 2012 and for 2013 is set out slight growth, says forecast E.On.
EADS reported net profit of 553 million EUR for 2010
The European aircraft manufacturer European Aeronautic Defense and Space (EADS) turn a profit in 2010 thanks to the recovery of sales of new aircraft in its subsidiary Airbus. The net profit of the company last year was 553 million euros, or 68 cents a share, compared to net loss of 763 million in 2009 revenues grew by 7% to 45.8 billion. The sales to Airbus constitute nearly 30 billion of total revenue, increasing by 28 billion euros compared to 2009. From EADS announced that improved results will allow the group to recover payment of dividend for 2010, which will amount to 22 cents a share. In 2009, EADS does not pay dividends because of the sharp decline in demand for airplanes. In 2010 Airbus delivered 510 new aircraft and received orders for 574 aircraft. The value of new orders for the entire group jumped 81% to 83.1 billion euros from 45.8 billion in 2009 for this year by EADS Airbus expect orders to be between 520 and 530 new aircraft. From EADS have announced yet, they expect earnings per share and revenues this year are above levels from 2010
Lufthansa reported 1.1 billion EUR profit for 2010
The German air-carrier company Lufthansa announced a profit of 1.1 billion euros for 2010. This is due to the growth of air transport after the contraction in the previous year. So the company deleted loss of 34 million recorded in 2009. The preliminary estimates of analysts was for a far more modest profit - 626.3 million. The Lufthansa's revenue rose 22 percent in 2010 and reached 27.3 billion. The results of the company allows payment of dividend of 60 cents per share, after last year was not paid no dividend. The shares of Lufthansa were moving with a growth of over 3 percent to 15.10 EUR per day. Thus the decline in market capitalization of the company since the beginning of the year was shrunk to 7.8 per cent. This makes the market valuation of 6.9 billion. This year is expected outcomes of Lufthansa to worsen because of the strong oil price rises.
HP increase its profit with 16%, but having cautious forecasts
The largest computer manufacturer in the world, Hewlett-Packard increased its profits by 16% last quarter, but the company's shares sell 12.1 percent after the announcement of financial results because of the cautious forecasts for the current quarter. The investors were disappointed by weaker than expected revenue growth of Hewlett-Packard this year. The net profit of Hewlett-Packard (HP) for the quarter ended Jan. 31 amounted to 2.6 billion dollars or 1.17 dollars per share, compared with 2.25 billion dollars, or 93 cents a share before year. If you exclude one-off income and expenses, earnings per share amounted to 1.36 dollars, compared with 1.07 dollars a year ago. The HP's revenue grew by 3.6 percent annually to 32.3 billion dollars. The sales in the Americas increased by 6%, while those in the Asia Pacific region increased by 7 per cent. In Europe, the Middle East and Africa, however, reported zero growth. Countries outside the United States represents 65% of all revenue to HP. The CEO Leo Apoteker company expects earnings per share between 5.20 and 5.28 dollars for the fiscal 2011 and revenue of 130 billion to 131.5 billion dollars, which is a decrease compared to November's forecast of leadership . For the current quarter forecast profit of 1.19 to 1.21 dollars per share and revenue of 31.4 billion to 31.6 billion dollars, which was weaker than market expectations.
Globul with 8.3 decrease of the incomes for 2010
The revenues of the mobile operator Globul has shrunk by 8.3 per cent in 2010, says a message distributed by the company. So they amounted to 827.9 million levas (about 423.5 EUR) against 903 million levas (about 461.9 EUR) in 2009. The earnings before interest, taxes, depreciation and amortization decreased by even 5.6 per cent for the year to 336.8 million levas. In the last quarter of Globul reported decline in revenue from 2.5 per cent yoy to 209.3 million Profit before interest, taxes, depreciation and amortization do is 3.6 percent higher than achieved in the fourth quarter 2009 and EUR 90.1 million. "The challenges that stood before the country's economy as a whole and the sector of telecommunications services in the first nine months of 2010, continued through the last quarter of the year," the service provider.
"The macroeconomic environment remains favorable and continues and the decline in consumption. End-user prices of telecommunication services in the business segment continued to fall as a result of increasingly strong competition, while the market has seen mobile penetration of over 140%, "says the message of Globul. In the last quarter of 2010 the total number of customers on a subscription program operator has increased by over 7% annually, reaching 2.3 million. This equates to 58.3 percent of the total number of customers of the company.
Vivacom reported 59.5 million EUR profit for 2010
Vivacom reported 45% growth in consolidated profit for 2010 to 116.4 million levas (about 59.5 million EUR), showing preliminary financial results for the company. The revenues from mobile telephony continue to show strong growth at the expense of the fixed business, said in a press release from the PR agency of telecom. During the last year, the revenue from mobile communications increased by over 30% to 332.7 million., Which largely offset the decline in traffic of fixed phones, and so the decrease in total revenue of telecom is only 4%. The operator is ranked second in the country by revenue and customers, whereas the largest increase in the number of new subscribers, the statement said. The data from the report show a steady growth of subscribers in each of the areas of the company, with the exception of fixed telephony. Drom the company reported 17% growth in mobile subscribers after clearing unregistered prepaid cards and 11% increase in Internet users. Vivacom is the largest ISP at the national level with over 25% market share. During the year of 3G network coverage of Vivacom reached 93% of the population. Overall subscribers using mobile Internet have increased by 68%. The company also provides its ADSL service to cover over 90% of the population. The telecom will work towards its customers have the opportunity to use the Internet at speeds up to 100Mbps both separately and bundled with other telecom services.
The two largest Brazilian companies with high profits
The two largest Brazilian companies have announced record profits for 2010, giving another proof of the growing economic power of South American Nations. The crude oil giant Petrobras, which is partly owned, has made a profit of $ 20 billion for the whole year. The mining company Vale, in turn, reported net income of 17.3 billion dollars for 2010, which increased threefold compared with the previous year. The two Brazilian companies benefited from high oil prices and metals globally and the increasing demand for oil and iron ore. The both companies plan to substantially expand its activities over the next few years. The Petrobras Earnings increased by 17% yoy, but largely as a result of high oil prices. The crude oil giant attracted 70 billion dollars last year in the largest initial public offering (IPO) in the world. The capital will be used to finance the development of huge oil reserves that were recently discovered off the coast of Rio de Janeiro. The second-largest mining company Vale and the world's largest iron ore producer operates in more than 30 countries. However, exports of iron ore from Brazil, mostly in China for about two-thirds of her earnings The financial results of the Vale have improved significantly since the company went from annual to quarterly basis to negotiate prices of the ore. Other big oil and mining companies around the world also announced huge profits for 2010 due to higher commodity prices and growing demand from emerging economies, coupled with economic recovery in developed countries.
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