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LG Electronics (LG) today announced unaudited earnings results based on IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2010.
Sales and Profit
LG posted consolidated first quarter 2010 sales of KRW 13.7 trillion (USD 11.9 billion) and operating profit of KRW 529 billion (USD 462 million), increasing sales 3.7 percent (up 28 percent in USD) and operating profit by...
Alstom, a world leader in energy and rail transport infrastructure and Infosys Technologies Limited (NASDAQ: INFY), today announced the expansion of their strategic partnership in areas of global Research and Development (R&D), Engineering and Engineering IT services. This partnership envisages substantial strategic investments over the next five years to develop next generation solutions for the power...
Solid Fourth Quarter Crowns Strong Annual Performance
Tata Consultancy Services (BSE: TCS.BO, NSE: TCS.NS), the leading IT services, business solutions and outsourcing firm reported its consolidated financial results according to US GAAP for the quarter and financial year ended March 31, 2010. Highlights for Financial Year 2009-10 FY10 EPS at $ 0.74 Business Highlights: Volume growth at 17% FY10 Operating Profits at $1.68 b up 18.02%; Operating Margins up 277...LG REPORTS SOLID GROWTH IN FIRST QUARTER EARNINGS
Tata Steel reports Audited Consolidated Results for the Financial Year Ended 31st March’10
Group Performance Highlights Tata Steel Group reported a major improvement in profitability in the second half (H2 FY’10), with consolidated EBITDA of Rs. 8,734 crores (US$ 1,944 million) almost 15 times higher than the Rs. 606 crores (US$ 135 million) reported in H1 FY’10. Group EBITDA in the fourth quarter (Q4 FY’10) at Rs. 5,333 crores (US$ 1,187 million) rose 57% over Q3 FY’10 (Rs....Annual Production and Sales Figures – 2009-10
Tata Steel completed the fiscal year, 2009-10 on a thumping note. The performance of the Jamshedpur Works was outstanding. The major Production and Sales figure are tabulated below: Production & Sales Performance Items April-March FY’09 FY’10 % Change Hot Metal 6254 723 1 16 Crude Steel 5646 656 4 16 Saleable Steel 5375 643 9 20 Sales 5232 617 0 18 Major Highlights –...Alstom and Infosys Technologies Partner to Develop Next Generation Power Solutions
Union budget 2010-11 gives FMCG companies some food for thought
At the first look, the Union budget 2010-11 aims at providing further booster to the economic growth with a tight grip on the broadening fiscal deficits. Measures such as broadening of income tax slabs and plenty of bounties for rural India provide fresh liquidity in the economy and are aimed at lubricating the growth engines with rippling multipliers. However, the impact of this budget on the FMCG industry is ...Full stimulus exit only after robust recovery: FM
The fiscal stimuli since December 2008 to prime the Indian economy will be withdrawn fully only when the recovery is robust and sustained, Finance Minister Pranab Mukherjee said on Saturday, a day after presenting the budget for 2010-11. “I am committed to fiscal consolidation in the interests of the economy's capacity to sustain growth in the medium and long term,” the finance minister told...Dabur India Ltd CEO Mr Sunil Duggal’s Post-Budget Comment
I would term Mr. Pranab Mukherjee’s Union Budget 2010-11 as a perfect balancing act that seeks to achieve fiscal consolidation while not losing sight of the growth momentum and the growth engines. It’s a fit case of prudent economics by the Finance Minister. He has stuck to the UPA government’s “Inclusive Growth” theme by continuing its focus on the Aam Aadmi and doling out more money...Reactions on Budget 2010
“The budget has dealt with the key concerns such as fiscal deficit, inflation growth and reforms simultaneously. It is pro infrastructure growth and full of scope for inclusive growth. The tax limit hikes are substantial which will put more money in the hands of salaried and small businessman, this is positive for FMCG and Consumer durable sector. This has recognised India’s need of inflow of over 1...Reactions on Budget 2010 – Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited
Welcoming the budget tabled today by Hon Finance Minister, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited, said, “I personally feel that today’s budget was for aam-admi, it is good for each and every individual in the society, the budget is supportive for the tax payers as the extension of limit will help in reducing burden on individual tax payers. I am sure that the budget tabled today will...
