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GE reported a negative profit in cash flow from industrial operating

Investors have been watching cash flow as an indicator of GE’s operating performance. REUTERS/Brian Snyder General Electric Co reported on Friday that first-quarter cash flow from its industrial operations turned negative and was less than the company expected, though its earnings and revenue exceeded analyst estimates. GE reported a negative …

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Saudi’s National Commercial Bank Q1 net profit of QR91.2 mn

[nL8N1HH04P] NCB’s total operating income climbed by 2.9 percent during the quarter as a result of higher trading income, income from investments and gains on non-trading investment. Shutterstock photoUPDATE 1-Saudi’s National Commercial Bank Q1 net profit up 2.7 pct (Adds context, detail) DUBAI, April 18 (Reuters) – Saudi Arabia’s National …

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Fosun International Ltd has 28% rise profit for 2016

Fosun International Ltd. (0656.HK) said 2016 net profit rose 28% from a year earlier, thanks in part to lower taxes. The Chinese conglomerate said its net profit for the year ended Dec. 31 rose to 10.27 billion yuan (US$1.49 billion) from CNY8.04 billion a year earlier, while its 2016 revenue …

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Donald Trump’s childhood home in Queens, for a 50% profit

On Monday, auction house Paramount Realty USA announced the house had sold for $2,140,000. The president-elect lived there until he was about 4, when his family moved to another home his father had built nearby. “That intangible value makes it a perfect example of why special properties are appropriately sold …

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Jimmy Choo 2016 profit drops 20% on higher costs .

  LONDON–Jimmy Choo PLC (CHOO.LN) reported Thursday a 20% fall in 2016 pretax profit due to booking higher financial costs and a wider loss on financial instruments, and said it opened 10 new directly operated stores in the year and closed one. Revenue, however, rose 15% to GBP364 million thanks …

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