Posts Tagged tax profits
Virgin Australia says first-quarter profit to rise
Posted by Malcolm in Uncategorized on November 26, 2011
SYDNEY (MarketWatch) — Virgin Australia Ltd. on Wednesday flagged higher first quarter pre-tax profits and said it still expects a better performance this year, but stopped short of providing specific guidance due to economic uncertainty.
Australia’s second biggest carrier behind Qantas Airways Ltd. (QAN.AU) said it’s “encouraged” by its performance in the early stages of the year to June 30, 2012.
“Underlying profit before tax for the first quarter of financial year 2012 was higher than the corresponding period last year, despite an increase in fuel costs,” Chief Executive John Borghetti told the group’s annual shareholder meeting in Brisbane.
“While we continue to expect an improvement in underlying performance for this financial year, we are unable to provide clear guidance due to the uncertain economic environment,” he said.
the airline last year reported a 67.8 million Australian dollars (US$66.5 million) annual net loss and pre-tax loss of A$66.6 million.
BUSINESS WEEK : Massive job cuts at Kodak
Posted by Malcolm in Uncategorized on May 29, 2011
Saturday January 24 2004
EASTMAN KODAK, which employs 200 staff in Youghal, Co Cork, is to cut 15,000 jobs worldwide.
EASTMAN KODAK, which employs 200 staff in Youghal, Co Cork, is to cut 15,000 jobs worldwide.
the cuts mark a 20pc reduction in staff and are in an effort to save Kodak between $800m and $1bn within three years.
UTV’s RADIO interests in Limerick and Cork had a combined pre-tax profit of over €3m in 2002, accounts recently filed with the Companies Office reveal.
while profits increased significantly at the media group’s Cork operations, Limerick-based Treaty Radio’s pre-tax profits fell 75pc to €130,420.
UTV bought Treat Radio in mid-2002 for €16m, while it paid €14.2m in 2001 for the 40pc of Cork 96FM/103FM County Sound it did not own.
UTV also owns Lite FM in Dublin.
OECD chief economist Jean-Philippe Cotis warned that any further sharp rise in the euro could force the European Central Bank to cut interest rates. His warning came after repeated statements by ECB officials, including its own chief economist, that there was no need to reduce lending rates, currently pegged at 2pc.
COMMUNICATIONS Minister Dermot Ahern met with representatives of Eircom, telecoms regulator the Commission for Communications Regulation (ComReg) and telecoms representative body ALTO to outline his position on Eircom’s recent line rental hike.
the meeting could result in a review by the Minister of Eircom’s increase in line rental to €24 per month.
Separately, Eircom has confirmed that it is considering a stock market flotation.
“The timing of any such initial public offering will depend on market conditions and other factors,” Eircom said.
Ryanair will be forced to pay back some of the money it received to establish its first continental hub at Charleroi airport, which serves Brussels.
This payment will be part of a judgment by the European Commission which is expected by February 3 next.
Ryanair has estimated its total exposure would be €4.6m.
JUST 40 of the 810 directors at Ireland’s 100 biggest companies are women, according to a new survey by the Irish International Women’s Forum (IWF).
This represents 5pc of directors, compared with 12pc in the US. In addition, nearly 80pc of the chief executives and chairmen interviewed did not have a policy about appointing women to their boards .
<a href="http://www.independent.ie/lifestyle/independent-woman/celebrity-news-gossip/brian-mcfadden-and-vogue-go-public-2660046.htmltag:news.google.com,2005:cluster=http://www.independent.ie/lifestyle/independent-woman/celebrity-news-gossip/brian-mcfadden-and-vogue-go-public-2660046.htmlFri, 27 May 2011 14:44:07 GMT 00:00″>BUSINESS WEEK : Massive job cuts at Kodak