The profit of Philips decreased with 31%
The company producing household appliances Philips reported 31 percent drop in profit in the first quarter of 2011 on an annual basis. Together with its quarterly results the company submitted plans and major reorganization of the troubled units of its structure. The Belgian company said it will separate division for the production of televisions in a separate company. It will be set up with Chinese company TPV Technology. In this way Philips will get rid of speeches by many analysts fear that the unit production of televisions pulling down the results of the company. The creation of a mixed company that will have a license to sell Philips branded TVs in Europe is the first major move of the new CEO of Philips Frans van Houten. He took office on 1 April this year. In the first quarter of 2011 Philips a profit of 138 million, or 14 cents a share. Over the same period last year, the success of the company was 36 cents a share. The company announced that it will distribute as a dividend for 2010 total 711 million euros, equivalent to 0.75 euros per share. During the quarter the loss of division to produce television sets amounted to 87 million. That is why analysts approve the decision of the new head of Philips for its separation from the company structure.
Deutsche Bank is getting course to high profit
The biggest bank in Germany - Deutsche Bank AG, increased its profit for the first quarter despite the negative trend for the industry. Concern reported a profit of 3 billion before taxes, which is 8% higher than the result of too strong for the bank last quarter of 2010. The result is "an important step towards achieving our target of 10 billion euros this year," said Chairman of the Supervisory Board Josef Ackermann in a letter to shareholders. The analysts predicted a profit before tax of EUR 2.7 billion. Large banks in the U.S. and Switzerland, have already published their financial results, reported weaker results for the first quarter compared to last last year. Only in investment banking, the strongest part of the concern over first quarter profit was 2.6 billion. Revenue remained stable, unlike the foreign competitors of Deutsche Bank, which suffered mainly from a decline in trading bonds. "Our products in the entire sector expanded its market share and thus won recognition as a leader among investment banks," writes Ackerman in the interim report, quoted by Handelsblatt. The analysts say the result shows that investments that Deutsche Bank has undertaken during the crisis, already paid, and the gap between strong and weak banks is increasing. For a similar trend reported on Wednesday and the second largest Swiss bank Credit Suisse. She said 45 percent drop in profit for the first quarter, which did not meet analysts' expectations.
The profit of Samsung with 30% decrease for the first quarter
The South Korean technology company Samsung reported a decline in profits from 30% in the first quarter a year earlier. The reasons for this state falls in the prices of memory cards and reduced the price in the manufacture of liquid crystal displays and televisions. The profit for the first three months was 2.78 trillion. won (2.59 billion dollars). Over the same period last year, the positive result was 3.99 trillion KRW. The sales of Samsung, however, increased by 6.8 per cent yoy to 36.99 trillion KRW. The South Korean company is the largest manufacturer of flat screen TVs, memory cards and LCD. Samsung holds second place for the manufacture of mobile phones after the Finnish company Nokia. In 2010, Samsung achieved record sales, the operating profit and net profit. For this year, the estimates are conservative because of increasing price competition in consumer electronics. The sales of mobile phones has dropped by 14 percent to 70 million units in the first quarter. Unit production of phones, however, reported improved profitability due to growing demand for smartphones and devices from a higher class as a whole. During the quarter share of smartphones in the total sales of phones reached 18 percent after the same period of last year was only 4 per cent.
Caterpillar reported 1,23 billion USD profit for the first quarter of 2011
The American manufacturer of heavy construction equipment and mining equipment, Caterpillar announced quintuple its profit growth annually in the first quarter. This allowed the company to raise its forecast for results for the entire year 2011. The Caterpillar's profit rose to a record 1.23 billion dollars or 1.84 dollars per share. Over the same period last year, the success of the company was 233 million dollars, or 36 cents a share. The company's revenues grew by 57 percent to 12.95 billion dollars. The results are significantly stronger than analysts' expectations which were for earnings of 1.30 dollars per share and revenue of 11.43 billion dollars. A strong performance enabled the company to raise its forecast for the year. Current expectations are for earnings within 52 to 54 billion dollars and a profit of 6.25 to 6.75 dollars per share. The forecasts would have been, and much more daring, but because of natural disasters in Japan Caterpillar company will lose potential revenue of at least $ 300 million and 100 million dollars in profit, the company explained. After the publication of the report of Caterpillar shares rose 2.8 percent to 115.41 dollars per share.
JPMorgan with strong financial report
The net profit of U.S. financial giant JPMorgan Chase has made a solid growth of 67% annually after the bank reduced its provisioning for potential losses from bad loans. JPMorgan is the first major U.S. banks, which exports its financial statements for the first quarter and improving performance is probably a reflection of a strong period for the entire banking sector. The profit of JPMorgan noted significant growth in recent quarters, mainly due to improved asset quality her This allowed the bank to set aside fewer reserves with which to cover losses from bad loans. The provisions for problem loans fell to 1.17 billion dollars during the first three months of the year compared with 7.01 billion a year ago and 3.04 billion for the previous three months. In the first quarter JPMorgan net profit of 5.56 billion dollars or 1.28 dollars per share, compared with 3.33 billion dollars, or 74 cents a share, a year ago. The revenue fell 8.5 percent compared to first quarter of last year to 25.79 billion dollars. The market expectations were for less profit per share of 1.16 dollars less revenue amounted to 25.27 billion dollars.
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.
Time Warner’s profit increased with 22%
The U.S. media company Time Warner has announced 22% profit growth for the fourth quarter of 2010 on an annual basis. Moreover, investors were delighted by a forecast of double digit profit growth for 2011 and increased the dividend by 11 percent. With a major contribution to the good news is stir in the advertising market in the U.S., reported Wall Street Journal. During the quarter was achieved growth of 21% of advertising revenue for television networks of the company. The expectations of management are strong showing in advertising to continue this year. The operating profit in the television arm of the company, which operates with channels like HBO, CNN and TBS, increased by 20 percent, while revenue rose by 14 per cent. The entire company of Time Warner 769 million dollars, or 68 cents a share. For the same period of 2009 profit was 631 million dollars, or 53 cents a share. Revenues overall rose by 8.4 percent to 7.81 billion dollars. Preliminary estimates of analysts was for earnings of 62 cents per share and sales of 7.47 billion dollars. Because of the strong equity market performance of Time Warner jumped 8 percent today, the share price reaches 34.90 dollars a share.
Sony’s profit with slight decrease in the end of 2010
The largest Japanese manufacturer of consumer electronics Sony reported a slight decline in profit for the quarter, but managed to surpass market expectations thanks to good sales of compact cameras. The Sony's net profit decreased by 8.6 percent annually for the three months to the end of December to 72.3 billion Japanese yen (886 million dollars) compared with 79.2 billion yen a year ago. The market forecasts were for a smaller profit of 65.9 billion yen. The appreciation of the yen in 2010 is among the factors to reduce the positive financial result, with fierce competition in the market of consumer electronics with its Korean rivals. For better than expected financial results helped sales of cameras, mainly Series Cyber-Shot. From Sony plans to launch a Tablet PC and a new version of handheld video games for PlayStation Portable. The operating profit of Sony, or the difference between sales and cost of goods sold and administration decreased by 5.9% yoy to 137.5 billion yen. The revenue reported a slight decrease of 1.4% yoy to 2.21 trillion. yen. The shares of Sony rose 0.7 percent in today's session of the Tokyo Stock Exchange before the announcement of financial results. Last year, their price rose by 9.6 per cent, while that of Korean shares in Samsung Electronics, which is the largest television manufacturer in the world rose by 19 per cent.
Dell increased highly the profit in last quarter of 2010
The Computer manufacturer Dell announced that the company's profit for last quarter almost tripled due to strong sales to corporate clients and smaller costs for computer components. The Dell's quarterly reports noted the long-awaited progress in the efforts of its leadership to reverse the action. The shares of the maker of personal computers rose by 6% in the hours after the regular session of the Nasdaq, but is expected Dell's weaker profit growth this year has created uncertainty about whether the turnaround will be sustained. Over the past quarter of 2010, the company has placed emphasis on products of a higher class and removed from the catalog some unprofitable products. Furthermore, Dell was able to break into some more profitable market segments such as storage systems and security. Chief Executive Michael Dell said that the company will continue its transition to such products. For the quarter to 28th January, the Dell's net profit increased to 927 million dollars, or 48 cents a share, compared to 334 million dollars, or 17 cents a share, for the same period a year earlier. Profit exceeded revenue growth many times the computer manufacturer, which rose by 5 percent annually to 15.7 billion dollars. Depreciation of computer components such as LCD screens and chips, helping to jump in profits during the past quarter. Moreover, sales to corporate customers that Dell sets are increased significantly due to the replacement of old desktops and laptops.
Coca-Cola’s profit increased with 275% in the 4th quarter of 2010
The American company Coca-Cola reported impressive growth in profits of 275% yoy in the fourth quarter of 2010. That have contributed to lower costs of the company and sales growth globally. The earnings giants amounts to 5.77 billion dollars or 2.46 dollars per share. For the last quarter of 2009, far lower - 1.54 billion dollars, or 66 cents a share. If you eliminate one-off effects, earnings per share capital of Coca-Cola rose by 9 per cent to 72 cents. In the fourth quarter the company's revenue jumped 40 percent to 10.49 billion dollars. The expectations of analysts was for earnings excluding one-off effects of 72 cents per share and revenue of 10.16 billion dollars. The sales increased by 6 per cent as implemented in the global volume. Market in North America has been a growth of 8 per cent in Eurasia and Africa the increase was 14 per cent. In Europe alone, growth was 2 percent, respectively, 5 and 1 percent increases the volume in Latin America and the Pacific. Among the strongest markets for the company are Russia, Turkey, India, Brazil and South Africa. The report on fourth quarter delighted investors and today the company's shares, which is part of the index of blue chips in the U.S. - Dow Jones Industrial Average, expensive by nearly 2 per cent.
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