Profits Warnings

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Covid ushering in return of suicide bidding as profit warnings double in first half

Building 10 Aug 2020

New reports from Alinea and EY lay bare impact of virus on industry ... ....

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Profit Warning - Supplemental Announcement

Public Technologies 10 Aug 2020

新龍國際集團有限公司 * ... 00529). PROFIT WARNING ... The Board of the Company would like to inform the shareholders of the Company and potential investors that the Group expects to record a consolidated loss after tax of not more than HK$330,000,000 for the Interim 2020 as compared with a consolidated profit after tax of HK$159,876,000 for Interim 2019....

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PROFIT WARNING

Public Technologies 10 Aug 2020

PROFIT WARNING ... Such decrease in profit for the six months ended 30 June 2020 was primarily attributable to the decrease in revenue from property sales of the Group's development projects in the PRC pursuant to which only phase II of Yosemite Valley Town (龍城優山美郡二期) commenced delivery of residential properties in June during the reporting period....

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INSIDE INFORMATION AND PROFIT WARNING

Public Technologies 10 Aug 2020

INSIDE INFORMATION AND PROFIT WARNING ... parent (the "Net Loss") ranging from RMB30,000,000 to RMB50,000,000 for the six months ended 30 June 2020, as compared to a profit attributable to equity holders of the parent of RMB30,749,000 in the corresponding period in 2019....

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SUPPLEMENTAL PROFIT WARNING ANNOUNCEMENT

Public Technologies 10 Aug 2020

SUPPLEMENTAL PROFIT WARNING ANNOUNCEMENT ... Reference is made to the announcement of the Company dated 24 July 2020, in connection with the profit warning (the "Announcement") ... June 2020, as compared to the net profit of RMB279 million for the six months ended 30 June 2019....

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Warren Buffett is carefully picking his spots and not waiting on the sidelines anymore

The Times of India 10 Aug 2020

The 10% drop in operating profit wasn’t nearly as precipitous as the 27% decline expected by analysts at Keefe, Bruyette & Woods, and results were better than a forecast from Shanahan ... Profit Drop ... Insurance underwriting profit more than doubled to $806 million in the period....

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INSIDE INFORMATION PROFIT WARNING ANNOUNCEMENT

Public Technologies 10 Aug 2020

PROFIT WARNING ANNOUNCEMENT ... 30 June 2020 of approximately RMB50 million, compared with a profit attributable to owners of the Company of RMB105 million for the period ended 30 June 2019 ... The expected decrease of profit attributable to owners of the Company is primarily due to....

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Warren Buffett's search for value leads to him buying his own company's shares

The National 10 Aug 2020

The company's 10 per cent drop in operating profit wasn’t nearly as precipitous as the 27 per cent decline expected by analysts at Keefe, Bruyette & Woods, and results were better than a forecast from Mr Shanahan ... Insurance underwriting profit more than doubled to $806m in the period....

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Elbow to play fundraising concert for live music venue campaign

Belfast Telegraph 10 Aug 2020

Back To Our Roots fundraising initiative ... PA. / ... Elbow’s Guy Garvey said ... PA. / ... The remaining 20% will go to the Inner City Music charity, which operates the not-for-profit Manchester venue Band On The Wall. Last month the MVT warned that large numbers of grassroots music venues will be forced to close as a result of the coronavirus pandemic ... ....

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Gold prices fall after 8 days of gain to Rs 55,515/10 gm, silver slips Rs ...

Moneycontrol 10 Aug 2020

Damani sees domestic prices hovering in the range of Rs 54,700-55,400. "The broader trend on the COMEX could be in the range of $2,025-2,050 per troy ounce." ... related news ... However, Ravindra Rao, VP-Head Commodity Research at Kotak Securities, warned that although gold is in a structural bull run, intermittent profit booking can’t be ruled out ... ....

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Toyota Predicts 64 Percent Plunge in Annual Net Profit Amid Covid-19 Fallout

Yahoo Daily News 09 Aug 2020

Toyota warned of a 64 percent drop in full-year net profit and reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market ... The warning came as Toyota reported a 74.3 percent plunge in net profit for the three months to June, with quarterly revenue down more than 40 percent....

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Buffett Shows Faith in Berkshire Portfolio With Record Buybacks

Canada Dot Com 09 Aug 2020

The 10% drop in operating profit wasn’t nearly as precipitous as the 27% decline expected by analysts at Keefe, Bruyette & Woods, and results were better than a forecast from Shanahan ... Profit Drop. Operating profit slumped 10%, hit by lower earnings from the railroad BNSF ......

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Deroy Murdock: On educational choice, Biden itches to stand in the schoolhouse door

Union Leader 09 Aug 2020

A participant at a May 28, 2019 American Federation of Teachers gathering in Houston asked Biden, “What is your plans to slow – stop the growth of unregulated for-profit charter schools?”. “I’ll stop them,” Biden warned. “I do not support any federal money – private money – for for-profit charter schools, period.”....