Earnings News Headlines

NAIROBI (Reuters) - Kenyan tea and coffee producer Sasini reported a 61 percent rise in its first-half pretax profit on Friday, which it said was mostly due to higher tea and coffee sales and better tea prices, although it cut its dividend. Its pretax profit rose to 286.4 million shillings, while earnings per share rose …

JOHANNESBURG (Reuters) - South Africa's Tongaat Hulett reported a 15 percent rise in full-year earnings on Friday as sugar production rose and said it expected further growth in the year ahead. The agri-processing company said diluted headline earnings per share for the year to end-March totalled 942.3 cents from 819.4 …

By Noel Randewich (Reuters) - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made it a favorite with investors eager to own part of …

By John Tilak TORONTO (Reuters) - Canada's main stock index dipped on Thursday as fears the U.S. Federal Reserve will dial back its bond-buying program and pessimism following sluggish economic data from China and Europe fueled declines in all major sectors. Weakness in Toronto-Dominion Bank further weighed on the market …

By Chandni Doulatramani and Malathi Nayak (Reuters) - GameStop Corp raised the lower end of its full-year earnings forecast on Thursday after beating fourth-quarter estimates, counting on a boost from new gaming consoles due later this year and further growth in digital and mobile sales. The videogame industry, which has …

JOHANNESBURG (Reuters) - South African stocks fell sharply on Thursday, logging their biggest daily drop in nearly two years, as some major mining companies slid on weak Chinese economic data and signs the U.S. central bank could soon cut its stimulus measures. Investec also featured prominently on the losers' list after …

By Cameron French TORONTO (Reuters) - Toronto-Dominion Bank reported a 2 percent increase in quarterly earnings as higher trading, business lending and U.S. banking income offset slowing loan growth in its core Canadian market. The result, the first from a Canadian bank in a quarter that has seen Canadian housing sales …

By Philip Blenkinsop BRUSSELS (Reuters) - SABMiller, the world's second-biggest brewer, forecast margin expansion in the year ahead after profit grew in line with expectations thanks to a surge in earnings in Latin America and Africa. The maker of Grolsch, Peroni and Pilsner Urquell, said on Thursday it expected trading …

By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, …

JOHANNESBURG (Reuters) - South African investment bank and asset manager Investec reported an 18 percent rise in full-year profit on Thursday, boosted by strong income from fees and commissions. Investec, which is also listed in London, said diluted headline earnings per share totalled 30 pence in the year to end-March, …

BRUSSELS (Reuters) - SABMiller , the world's second biggest brewer, reported profit growth in line with expectations thanks to a surge in earnings in Latin America and Africa and said its markets should be broadly unchanged in the coming months. The maker of Grolsch, Peroni and Pilsner Urquell, said on Thursday adjusted …

LONDON (Reuters) - Britain's financial regulator said it had finalized capital requirements for Royal Bank of Scotland and Lloyds Banking Group and was comfortable with their plans. The Prudential Regulation Authority said it would release more information when it had concluded discussions with all banks, including, where …

JOHANNESBURG (Reuters) - South Africa's stocks opened at a fresh lifetime high on Wednesday as a weaker rand currency helped boost some exporters such as resource group Assore. Exporters benefit from a depreciating rand, which lifts their profits when overseas earnings are brought home. At 0710 GMT, the Top-40 index of …

NEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.

JOHANNESBURG (Reuters) - South Africa's JSE Top-40 blue-chip index hit a lifetime high on Tuesday as a weaker rand currency at helped boost some exporters such as Anglo American and Kumba Iron Ore. Exporters benefit from a depreciating rand, which lifts their profits when overseas earnings are brought home. The index rose …

NAIROBI (Reuters) - Kenya's CFC Stanbic Bank posted a 79.5 percent jump in pretax profit for the first quarter from a year ago to 1.46 billion shillings. Banks in east Africa's biggest economy have reported higher earnings for the first three months of this year, buoyed by the growth of lending on the back of a robust economy …

By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax practices. In prepared testimony released by …

(Reuters) - General Electric Co said its financial unit GE Capital Corp would pay $6.5 billion in dividends to the parent in 2013 as part of a plan to reduce the unit's size. "This announcement is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE," GE CEO Jeff …

ALGIERS (Reuters) - The value of Algeria's oil and gas exports, which account for about 97 of total sales abroad, fell by 9 percent in the first four months of this year compared to the same period in 2012 due to lower global crude prices, official figures showed on Monday. That pushed the OPEC member north African country's …

PORT LOUIS (Reuters) - Mauritius's earnings from tourism dropped 12.4 percent from a year earlier to 12.06 billion rupees in the first three months of this year as the weak economic environment in Europe hurt visitors' spending. Statistics Mauritius cut its forecast for visitor arrivals this year to 990,000 from a previous …

JOHANNESBURG (Reuters) - South Africa's Vodacom Group reported a 23 percent rise in full-year profit on Monday underpinned by a strong performance by its African subsidiaries and growth in data usage. The unit of Britain's Vodafone Group said diluted headline earnings per share, which is the benchmark measure of profit …

JOHANNESBURG (Reuters) - South African industrial group Barloworld Ltd boosted first-half profit by a third on Monday, as a solid result in its Russian mining equipment business offset slack demand at home. Barloworld, which also sells cars and forklifts, said headline earnings per share totalled 321 cents in the six months …

JOHANNESBURG (Reuters) - Netcare Ltd, Africa's third-biggest private hospital group, posted a 25 percent rise in half-year profit on Monday, helped by a strong performance in South Africa and favourable currency swings. Netcare, which also runs hospitals in Britain, said diluted headline earnings per share totalled 65.8 …