The company said that it recorded an operating profit of £335 million in the previous year and its revenues rose 18 per cent to £1.49 billion. The company's net retail revenue rose 10 per cent to the level of £907 million. Its online revenue rose 12 per cent to £446 million during the previous year.
Mumbai, Mar 1 : Automobile major Tata Motors Saturday reported a decline of 35.56 percent on its total sales including exports in February 2014.
The automobile manufacturer managed to sell 39,951 units last months from an off-take of 61,998 units in the corresponding month of 2013.
The company’s domestic sales including commercial and passenger vehicles in the month under review too decline. The off-take fell by 39.11 percent at 35,315 units from 58,002 units sales in January 2013.
New Delhi, March 1 : Automobile manufacturer Mahindra and Mahindra Saturday reported a decline of 12 percent in its overall sales, including exports, in February, which stood at 42,166 units from at 47,824 units in the corresponding month of last year.
Domestic sales stood at 39,338 units during last month, as against 44,399 units during February 2013, a decline of 11 percent.
The company's exports during the month under review fell by 17 percent at 2,828 units from 3,425 units being shipped-off in the corresponding period 2013.
Chennai, March 1 : Automobile manufacturer Hyundai Motor Saturday reported a 14.9 percent fall in its sales in February at 46,505 units from 54,665 units in the like period of 2013.
"Post the reduction in excise duty, enquiry inflow has increased with February sales of 34,005 units with a growth of two percent over the earlier month and it is expected that this would lead towards creation of a positive momentum," said Rakesh Srivastava, senior vice president, sales and marketing, Hyundai Motor India.
In a statement, the company said its domestic sales during the month under review stood at 34,005 up from 34,002 units sold in February 2013.
Chennai, March 1 : Two and three wheeler maker TVS Motor Company Saturday said it closed last month with a seven percent increase in total sales as compared to sales logged in February 2013.
In a statement the company said it has logged total sales of 177,762 units in february, up form 165,696 units sold in the same month 2013.
Sales of two wheelers increased six percent last month to 170,293 units from 160,895 units in February 2013.
Last month the company sold 7,375 three wheelers as against 4,801 units sold in February 2013.(IANS)
New Delhi, March 1 : India's largest passenger car manufacturer Maruti Suzuki Saturday reported a .40 percent decline in total sales including exports for February, which stood at 109,104 units due to a fall in exports.
The company had sold 109,567 units in February 2013.
There was a sharp drop in the company's exports. Maruti Suzuki exported just 9,346 units last month, which was 19.50 percent less than 11,612 units sold overseas during the corresponding month of 2013.
Chennai, March 1 - Japanese-Indian car joint venture Toyota Kirloskar Motor Saturday said it closed last month with a total sales of 11,284 units down from 13,979 units sold in February 2013.
In a statement, the company said it sold 10,100 units last month in the domestic market as compared to 12,756 units sold in February 2013.
Weighed down by prolonged slowdown of the automotive industry, Germany-based engineering & electronics giant Bosch on Thursday reported a fall of more than 19 per cent in net profit for the October-December quarter.
Bosch said its net profit fell 19.22 per cent to Rs 138.98 crore in the three months ended December 31, 2013, from Rs 172.05 crore in the previous three months.
Troubled retailer, J. C. Penney has said that it has recorded a better than expected results during the fourth quarter as it recorded a small profit during the period.
The company is in between a turnaround and the better than expected results might be able to convince some investors that the retailer might be able to revive its business. The department store retailer recorded a small profit in the fourth quarter compared to a huge loss recorded in the same quarter of the previous year.
Fairtrade has said that it has recorded a rise of 14 per cent in sales of Fairtrade products in the UK market to the level of 1.78 billion.
The Fairtrade Foundation said before the fortnight of events to promote the products and benefits of buying the fair products. Fairtrade Fortnight has launched a campaign to highlight the low cost of bananas in UK supermarkets. It said that the banana price war might force farmers in developing countries to go out of business.
Banking giant, HSBC has said that its profits are expected to rise to about $24 billion for 2013 as it implemented a cost cutting programme.
Under the cost cutting plan, the company is aiming to revive business by reducing costs across functions. Chief Executive Stuart Gulliver has sold or closed 60 businesses, cut 40,000 jobs and aimed at cutting costs across the global organisation during the previous three years.
Washington, Feb 21 : Hewlett-Packard has reportedly surpassed its expected first quarter earnings and revenue as the PC business delivered sales growth amid enterprise demand.
The company's first quarter earnings reached 1.4 billion dollars or 74 cents a share, on revenue of 28.2 billion dollars, against Wall Street's prediction of 84 cents a share on revenue of $27.2 billion.
According to Cnet, on a constant currency basis, HP's revenue was up slightly, while non-GAAP earnings for the first quarter were 90 cents a share.
Intensifying its focus on London, Indian developer Lodha Group bought a second prime property in the city for £90 million (around Rs 920 crore) from West End of London Property Unit Trust.
Mumbai-based Lodha Group said it bought a property called New Court, which is situated on Carey Street, next to the London School of Economics & Political Science and the Royal Courts of Justice.
The total land area is 1.15 acres with a sale-able area of around two lakh square feet.
IHG, which owns InterContinental, Crowne Plaza and Holiday Inn brands, has said that it has recorded a 10 per cent rise in pre-tax profits to the level of $US600 million.
The company said that profit after tax fell to the level of 31 per cent to $US372 million or about $A413.26 million compared to the previous year. IHG said that its revenues recorded an increase 4.0 per cent to $US1.9 billion in 2013 while revenue per available room rose to 3.8 per cent.
Abu Dhabi, Feb 18 : The United Arab Emirates (UAE)-based low cost carrier Air Arabia has announced a net profit of 435 million dirhams (around $118.4 million) for 2013, an increase of two percent compared to the same period in 2012.
Turnover for the full year ending Dec 31, 2013, stood at 3.2 billion dirhams, up 14 percent compared to the same period in 2012.
"Air Arabia has enjoyed consistent and sustained growth since launching operations back in October 2003, and our performance in the year of our tenth anniversary was no exception," Sheikh Abdullah bin Mohammad Al Thani, chairman of Air Arabia, said in a statement Monday
Centrica, a leading gas provider in the UK, is set to announce its annual results at a time when the energy firms in the UK are facing pressure over high margins.
Experts have said that the group might record an increase of 5.5 per cent to £18.8 billion during the previous year. They expect the underlying pre-tax profits to rise 9 per cent to the level of £1.8 billion. The firm is facing criticism for earning large margins from customers while households face pressure on bills.
Mahindra & Mahindra (M&M), the biggest utility vehicle manufacturer of India, on Friday reported a 12 per cent year-on-year rise in standalone net profit for the quarter ended December 31, 2013.
Net profit at its wholly-owned subsidiary Mahindra Vehicle Manufacturers Ltd (MVML) grew 9.3 per cent to Rs 1,000 crore in the October-December quarter of current financial year.
Hit hard by a one-off loss, Indian real estate developer DLF Ltd on Friday reported a decline of 49 per cent in its quarterly net profit.
The country's biggest real estate developer said in a statement that its consolidated net profit slipped to Rs 1.45 billion in the October-December quarter of current fiscal, from Rs 2.85 billion in the corresponding quarter of the previous fiscal.
The third quarter results included an exceptional charge of Rs 4.11 billion over a 'foreseeable loss' on account of a settlement of a dispute with the Delhi Development Authority (DDA) over a real estate project.
Mumbai, Feb 14 : The country's largest lender State Bank of India (SBI) Friday reported 34 percent slump in its net profit for the third quarter of the current financial year.
The bank posted a net profit of Rs. 2,234.34 crore for the quarter ended Dec 31, 2013 as compared to Rs. 3,396.06 crore posted in the corresponding quarter of last year, registering a decline of 34.20 percent.
SBI's non-performing loans or bad loan as proportion of total assets rose to 5.7 percent during the quarter under review as compared to 5.6 percent posted in the previous quarter.
Despite heavy burden of subsidy, Oil & Natural Gas Corp (ONGC) on Thursday reported an impressive increase in its quarterly net profit as rupee depreciation helped it realize more revenues.
The state-run energy giant announced that its net profit increased 28 per cent year-on-year to Rs 7,126 crore in the October-December quarter of 2013. In the October-December quarter of 2012, the company had pocketed a net profit of Rs 5,563 crore.