collected by :Victor Alphen
YOKOHAMA, Japan–Nissan Motor Co. NSANY, -0.05% promoted its profit projection for the financial year ending in March, a result of a one-time boost from unite states tax changes.
Net profit for the year ending in March Information Systems foreseen to grow to 705 bn ¥ ($6.5 billion), from Y535 bn a year earlier.
Without a Y207.7 bn bump from adjusting its books to account for the lowered unite states corporate tax rate, profit would have declined year over year.
The Corporation told internet profit in the Oct.-Dec. quarter further than doubled to Y301.6 billion, from 131.7 bn ¥ a year earlier.
Nissan thought Americans would purchas 17.5 mn vehicles.
Tax benefit raises profit for Murdoch’s Fox
NEW YORK: Media-entertainment giant 21st Century Fox told on Wednesday (Feb 7) which profits had doubled in the past quarter, boosted with a one-time tax benefit from soon enacted America legislation.
The Murdochs told they guess to beat regulatory consent in England to acquire complete ownership in the pay TV group Sky, which would then be transferred to Disney upon consent of which tie-up.
The “new Fox” would be a further tightly focused group involving Fox Broadcasting, native America TV stations, Fox break news Channel & some sports cable channels.
In the group’s fiscal 1st quarter, Fox announced modest changes in its film, TV & cable Software units.
The results involve a tax benefit of US$1.34 billion, based on a reassessment of the company’s tax liability next passage of a great tax overhaul confirmed with Congress.
France’s Total raises shareholder dividends as profit jumps
as informed in PARIS: Higher produce drove a 28 % height in internet profit at Total final year, allowing the French oil and gas group to hike dividends and declare plans to purchas back shares.Adjusted internet profit came in at $10.6 bn (SR39.75 billion), helped with a 5 % height in production.The Corporation told on Thursday it would promote dividends with ten % over the following 3 years, with the 2018 interim dividend hight 3.2 percent.
It too told it planned to purchas back up to $5 bn of stock over 2018-2020.Total shares were up 1.7 % in early trading, outperforming a 0.6 % decline in the STOXX Europe 600 Oil and Gas index.Fourth-quarter internet profit rose 19 % to $2.9 billion, compared with analysts’ average prediction of $2.8 billion.
Oil output, however, came in slightly below analysts’ mean estimate.“The numbers were good.
In Total’s case, they’ve got sufficient cash to promote capex and do a share buyback, very it all looks reasonably positive,” told Clairinvest fund manager Ion-Marc Valahu, that owns Total shares.Chief Executive Patrick Pouyanne told Total planned some $2 bn of acquisitions in 2018, and the Corporation would return to normal staff hiring patterns after a three-year freeze.Rival BP universal told earlier this 7 days its 2017 profit further than doubled to $6.2 bn on the back of higher oil prices and output, allowing the English company to resume share buybacks, as it too recovers from a three-year oil downturn.However, America groups Exxon Mobil and Chevron posted uncommon quarterly earnings misses this month, chock with weakness in international refining operations.Total’s market price of around €115 bn puts it roughly on a par with BP, however below Exxon, Chevron and Royal Dutch Shell, according to Thomson Reuters data.