Tag Archives: profit

Biman makes Tk 2.72b profit in FY19


MNA Business Desk: Biman Bangladesh Airlines has made a breakthrough in last 2018-19 fiscal year by making profit of Taka 2.72 billion. “We made the profit as a result of brining some positive changes in the (Biman’s) management,” said state minister for civil aviation and tourism M Mahbub Ali at a press conference at the ministry on Wednesday. He thanked initiatives of making full automation of Biman ticketing system and on-time performance as reasons of making profit. Biman’s expenditure was Taka 55.19 billion against its income of Taka 57.91billion, resulting a net profit of Taka 2.72 billion in 2018-2019 fiscal, ...

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Toshiba net profit up 26% in fiscal 2018


MNA Business Desk: In the year that ended March, Japanese engineering firm Toshiba’s net profit jumped 26.0 percent to 1.01 trillion yen ($9 billion), chiefly because of profit from completion of the sale of the Memory business. Toshiba “achieved a healthier financial condition by closing the sale of the Memory business, advancing structural reforms that included finalising the sale of the PC business and decided to withdraw from a nuclear power construction project in the UK,” said the company, AFP reports. But the firm said its operating profit dropped 58.9 percent to 35.4 billion yen, partly due to restructuring costs, ...

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Weaker 2019 earnings forecasted by Samsung Electronics


MNA Business Desk: Samsung Electronics warned of weaker earnings in 2019 as it posted a 29 per cent drop in fourth-quarter (Q4) operating profit on Thursday, hit by a slowdown in demand for memory chips. The global market leader in computer chips and smartphones said it expected “overall annual earnings to decline” this year, although sales of memory products would begin to revive in the second half, according to a Reuters report. Uncertainties over US-China trade tensions and China’s sluggish economy bode ill for global electronics makers in 2019, pressuring demand for memory chips, smartphones and display panels, analysts say. ...

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Amazon surged profit with cloud


MNA Technology Desk: Online giant Amazon on Thursday said that profit in the second quarter surged nine-fold with cloud computing and other services assisted produce a fifth successive profit. Net profit flew to $857 million from $92 million a year earlier. Revenues hopped 31% to $30.4 billion, Amazon said in stronger-than-expected results. While Amazon advanced a status for transporting little or no profit in its retail processes, its incomes have been growing over the past year as it expands into video and new delivery services and boosts its cloud computing unit, Amazon Web Services (AWS). The strong profit came a ...

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