Tesla turns profit in Q1

Tesla turns profit in Q1

Tesla, an American automaker and energy storage company reported its first quarterly net profit in over three years, drifted by almost $139 million in sales of clean car credits, and Chief Executive Elon Musk said the organization could turn a profit again in the final quarter. The electric carmaker additionally flagged it has generously decreased […]

Lidl Czech profit doubles to 2.6 billion crowns

German discounter Lidl increased its profit for the financial year 2015 by 50 percent to 2.6 billion crowns. This is the highest profit achieved retail chain in the Czech Republic in recent years. The company’s revenues rose 16 percent to 33.6 billion crowns. These figures are as per the company’s annual report Lidl released recently. “The profit of […]

Nestlé Pakistan crosses Rs 100 billion mark

Nestlé Pakistan crosses Rs 100 billion mark

Nestlé Pakistan crossed the Rs 100 billion mark in 2015, boosting its general income by 10.5% for the year that finished on December 31, 2015. In spite of pervasive socio-political circumstance of the nation and the energy crisis, Nestlé Pakistan has seen a general increment in its aggregate income by just about Rs 6.5 billion. […]

PepsiCo profit rises 31 percent

PepsiCo profit rises 31 percent

The fourth quarter results shows a profit climb of 31 percent for PepsiCo in its North American markets, thanks to the hike in pricing. The profit boost accomplished through the sales of snacks and drinks in the North American market met the expectations of the investors, the company said. The producer of Frito-Lay chips and […]

RHODES Food Group plans for more acquisitions

RHODES Food Group plans for more acquisitions

  RHODES Food Group, a South African food producer ranking among the top listed food companies on the JSE said it is considering more acquisitions and planning capital expenditure of R252m in capacity extension and the updating of infrastructure. In the year until September 2015, the group dramatically increased its standardized feature income per offer […]

Aristocrat Leisure Post $236.1 million in profit

Aristocrat Leisure Post $236.1 million in profit

  Upbeat sales in North America and “remarkable growth” in Australia have seen gaming company Aristocrat Leisure post a $236.1 million profit, up 78.9 percent on a year ago. The organization said that the effective securing and joining of the Video Gaming Technologies (VGT) business in North America drove the solid execution for the entire […]

Majestic Wine’s profit halved; head purchaser sacked

Majestic Wine’s profit halved; head purchaser sacked

  Profit at Majestic Wine, Britain’s biggest wine merchant leaped to half in the first half of the financial year, forcing the company to supplant its head purchaser with an end goal to repair relations with suppliers. Justin Apthorp resigned as purchasing chief, but company officials stated that he would stay on the board as […]

Booths Profit Plunges

Booths Profit Plunges

  Family grocery store chain Booths stated it has recorded “solid” end year results in spite of a “tumultuous grocery market”. The firm saw pre-tax revenues tumble to £1.6m in the year to April, down from £4m in 2013-14. The firm, which started its first store in Blackpool in 1863 and this week opened another […]