Latest News for: Suez net


Apple kicks off US coporate high-grade bond sale in four parts

Live Mint 29 Jul 2021
Apple Inc ... Net profit down 20% at ₹40 crore ... Report. Premium Premium TVS Motor posts ₹53 cr net profit in Q1, international .... Premium Premium Ever Given, the ship that blocked the Suez, makes it to .... Premium Here's why IndusInd Bank's net profit doubled in the June quarter ... .

Jyothy Labs Q1 results: Net profit down 20% at ₹40 crore

Live Mint 29 Jul 2021
Homegrown FMCG firm Jyothy Labs on Thursday reported 19.61% decline in consolidated net profit at ₹40.20 crore for June quarter 2021-22 on account of increase in input cost. It had posted a net profit of ₹50.01 crore in April-June period of the last fiscal year, Jyothy Labs said in a regulatory filing.

Nordic American Tankers fixes suezmax pair at higher rates

Splash24/7 19 Jul 2021
The New York-listed suezmax specialist said it has signed a contract for one of its vessels going via the Suez Canal with a planned discharge in China at a net time charter rate of approximately $17,000 per day for 40 ...

Suez Canal nets Egypt record revenue of $5.84 billion

The Arab Weekly 12 Jul 2021
CAIRO – Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 billion in the previous year, the Suez Canal Authority said on Sunday ... About 15% of world shipping traffic travels through the Suez Canal, the shortest shipping route between Europe and Asia.

World Business Quick Take

Taipei Times 12 Jul 2021
Suez Canal nets US$5.84bn. The Suez Canal netted Egypt a record US$5.84 billion in the past tax year, Suez Canal Authority (SCA) chairman Osama Rabie said on Sunday ... Authorities netted “the highest revenues in the history of the canal, hitting $5.84 billion,” a more than 2 percent higher increase from the previous year, he said in a statement.

Egypt’s Suez Canal reports record revenue despite blockage crisis

Al Jazeera 11 Jul 2021
The Suez Canal netted Egypt a record $5.84 bn in the last tax year, its chief said on Sunday, despite the coronavirus pandemic’s effect on world trade as well as a six-day blockage of the busy waterway by a giant cargo ship ... Osama Rabie, head of the Suez Canal Authority (SCA).

Record revenues flow from Suez despite megaship blockage

Urdu Point 11 Jul 2021
Cairo, (UrduPoint / Pakistan Point News - 11th Jul, 2021 ) .The Suez Canal netted Egypt a record $5.84 billion in the last tax year, its chief said Sunday, despite the coronavirus pandemic's impact on world trade plus a six-day blockage by a giant cargo ship ... Authorities netted ...

Yang Ming takes delivery of new ship

Taipei Times 27 Jun 2021
Capital Investment Management Corp (群益投顧) forecast that Yang Ming’s net profit would continue rising through the third quarter, as port congestion as well as a blockage of the Suez Canal in April have caused a container shortage and delayed delivery schedules, leaving limited capacity in the market and further boosting freight rates.

12 banks in Egypt report EGP 6.495bn net profits during Q1 2021

Egypt Commercial News 20 Jun 2021
A total of 12 banks working in the Egyptian market have reported net profits of EGP 6.495bn during the first quarter (Q1) of this year, which ended on 31 March 2021 ... Suez Canal Bank. The Suez Canal Bank (SCB) achieved a net profit of EGP 115.719m in March 2021, compared to EGP 114.350m in March 2020.

Ma’aden awards $880m gold mining contract

Arab News 13 Jun 2021
The ammonia plant expansion will add over 1 million tonnes of ammonia production to reach 3.3 million tonnes, making Ma’aden one of the largest ammonia producers east of the Suez Canal.”. Ma’aden in April reported a net profit after zakat and tax of SR 761.2 million ($202.99 ...

Finnair sees demand recovering from late summer

Market Watch 27 Apr 2021
Demand for cargo remained strong during the first quarter and cargo revenue in March hit a record high, supported by supply-chain challenges exacerbated by the Suez Canal blockage, it said. The airline reported a net loss of 145.4 million euros ($175.8 million) for the first ...

Wipro surges 8% after Q4 profit beat estimates

Live Mint 16 Apr 2021
MUMBAI. Shares of Wipro Ltd on Friday gained 8% after the company's revenue and profit estimates was in line with analyst ... TRENDING STORIESSee All ... India needs to learn from the Suez crisis. Net profit was flat over the preceding quarter at ₹2,972 crore in March quarter versus ₹2,897 crore consensus estimates of analysts tracked by Bloomberg ... .

Banks in Egypt increase capital to comply with new banking law

Egypt Commercial News 11 Apr 2021
The bank’s consolidated financial statements showed that it achieved a net profit of EGP 2.247bn in 2020, compared to EGP 2.785bn in 2019. Suez Canal Bank (SCB) ... The bank managed to achieve a net profit of EGP 602m in 2020, compared to EGP 542m in 2019, with a growth rate of 11%.

Huge container ships' biggest problem is emissions

Johnson City Press 01 Apr 2021
The Ever Given drama in the Suez Canal momentarily turned the world’s attention to container shipping. It will require a more sustained focus to address the dangers these crucial ships pose to the climate ... In the future, and long after the Suez Canal traffic is back to normal, they will also be crucial in the shift to net-zero emissions. Peter R ... ....