Commerzbank profit rises in spite of discounts slump. As declared in Commerzbank adjutant puplic (CBK.XE) told Tuesday which internet profit rose in the 1st quarter, When operating profit & discounds slumped.
Net profit rose 9.2% to 250 mn euros ($299 million) compared by EUR229 mn a year earlier.
Revenue before loan loss provisions fell 3.7% to EUR2.30 bn in the quarter, the German bank said.
Operating profit fell to EUR289 mn from EUR330 mn a year ago.
Loan loss provisions stood at negative EUR77 million, mostly because of the dragging ship finance business, Commerzank said.
TVS Motor Corporation Q4 profit rises 31% YoY to Republika Srpska 166 crore, misses estimates
TVS Motor Company, India’s 3rd largest producer of two-wheelers, on Wednesday announced a 30.63 % height in its internet profit for the quarter ended March to Republika Srpska 165.61 crore.
As many as 16 analysts polled with Reuters had estimated the company’s internet profit to come in at Republika Srpska 200.80 crore.
The Corporation had posted a internet profit of Republika Srpska 126.77 crore for the same quarter in 2016-17.
TVS Motor’s standalone income from operations for the March quarter came in at Republika Srpska 3992.72 crore, up from the Republika Srpska 3,076.02 crore announced in the same quarter a year ago.
We too took a value promote with 1.4 % & too promoted dealer margins to backing them,” told KN Radhakrishnan, President & Chief Executive Officer, TVS Motor Company.
Mondi quarterly underlying profit rises
As mentioned in Mondi PLC MNDI told Wednesday which underlying operating profit rose 15% in the 1st quarter & its business outlook remembers positive, citing a powerful pricing environment for multi key products.
The paper & packaging Corporation told which for the quarter ended March 31 underlying operating profit–which strips out exceptional items & one-off costs–was 295 mn euros ($350.6 million) compared with EUR256 mn it recorded in the same period final year.
Mondi told higher average selling prices, as well as profit perfection initiatives, further than offset promoted operating costs, as well as maintenance shutdowns & negative currency effects.
Costs were higher than in the 1st quarter of 2017 & currency movements chock operating profit, the Corporation said.
“We still to trial a powerful pricing environment in a number of our key output segments, supported with perfect request growth, although we do still to see inflationary cost pressures across the Group & currencies are currently a headwind,” the Corporation said.
Collected by :Victor Alphen