Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same...
Vous n'êtes pas connecté
ANSA Mc Al Group of Companies boasted of a $38 million increase in profits for the first half of the year ending June 30, recording $258.8 million in profits after tax. The reported profits marked an increase as compared to the same period the year before, when the company earned $220.7 million. The figures were revealed in the company’s limited unaudited consolidated financial statements for the period, published in the TT Stock Exchange’s website on August 14. The statements said revenue increased by five per cent, from $3.251 billion for the period in 2023, to $3.429 billion this year. Profits before tax increased by 17 per cent, from $311 million in 2023, to $363 million this year. Chairman Norman A Sabga said in his statements that well-executed working capital management strategies boosted the Group’s cash flows from operations, increasing to 10.6 per cent as compared to a nine per cent increase in 2023. The construction, manufacturing, packaging and brewing segment increased its profits before tax by 33 per cent and the banking segment also performed well, increasing revenue by 21 per cent and increasing profits before tax by 22 per cent over the prior year. “We remain focused on the achievement of our 2X objective of becoming a $2 billion PBT (profit-before-tax) company by 2027,” Sabga said. “Our people-centered culture emphasis on sustainability and investment in growth will continue to drive our success.” The post Ansa McAl reports $258.8m half-year profits appeared first on Trinidad and Tobago Newsday.
Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same...
GCB Bank has recorded strong profit growth in the first-half of this year, posting a Profit Before Tax (PBT) of GH¢700.5 million. The strong PBT...
Brit Ltd, which has operations in Bermuda, has reported profit before tax from continuing operations of $362.4 million in the first half of the...
Capricorn Group’s expects profit after tax and earnings per share for the year ended 30 June to be materially higher by between 15% and 20% compared...
A few Americans at the very top have extraordinary wealth but pay incredibly low rates of income tax. Why? Their hugely profitable businesses...
Harvey Norman’s net profit and revenue fell amid inflationary pressures in the last fiscal year. The furniture and electronics retailer’s profit...
Harvey Norman’s net profit and revenue fell amid inflationary pressures in the last fiscal year. The furniture and electronics retailer’s profit...
Market confidence appears to be returning to the home building market, with an increase in residential building approvals in July, according to HIA...
Kaieteur News – The Guyana Power and Light Inc. (GPL) has been a major contributor to the increased operating expenses of public enterprises in the...
Kaieteur News – The Guyana Power and Light Inc. (GPL) has been a major contributor to the increased operating expenses of public enterprises in the...