07/08/2001
BP announce profit hike
Oil giant BP has reported second quarter profits of £2.66bn, up 8.6 per cent on last year.
The earnings were in line with forecasts, but the company unexpectedly raised its quarterly dividend payout to 5.5 cents from 5.25.
BP Group Chief Executive, Lord Browne, commented: "Performance improvements in the first half year continue on track to deliver our targets. Our disciplined approach to cost management and investment selection is delivering profitable growth. I am especially delighted with the growth in oil and gas production and the quality of the downstream performance. All of this has given us the ability to increase the dividend."
Strong returns from refining and high gas prices offset weakness in the chemicals operation, the company said in a statement, adding it was on target to hit its growth estimates for the year.
BP said it was "responding to the current trading environment" in its chemical business by reducing investment and implementing more cost reductions.
Petrol campaigners have recently targeted oil companies for increasing petrol prices while still making record profits.
(GB)
The earnings were in line with forecasts, but the company unexpectedly raised its quarterly dividend payout to 5.5 cents from 5.25.
BP Group Chief Executive, Lord Browne, commented: "Performance improvements in the first half year continue on track to deliver our targets. Our disciplined approach to cost management and investment selection is delivering profitable growth. I am especially delighted with the growth in oil and gas production and the quality of the downstream performance. All of this has given us the ability to increase the dividend."
Strong returns from refining and high gas prices offset weakness in the chemicals operation, the company said in a statement, adding it was on target to hit its growth estimates for the year.
BP said it was "responding to the current trading environment" in its chemical business by reducing investment and implementing more cost reductions.
Petrol campaigners have recently targeted oil companies for increasing petrol prices while still making record profits.
(GB)
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Pre-tax profit hike for Viridian Group
The Viridian Group has reported a £3.1 million increase in pre-tax half-year profits. The figures, released on Tuesday, revealed that for the six months up to the end of September, the company posted a pre-tax profit hike of £29.8 million compared to £26.7 million for the same period last year. While turnover increased from £305.3 million to £331.
Pre-tax profit hike for Viridian Group
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15 May 2002
Safeway reveal profit rise despite sales dip
Supermarket chain Safeway has announced an increase in profits despite an intensive programme of store refurbishment that has curtailed sales growth during the last six months. The figures shows that pre-tax profits for the year to the end of March rose by 11% to stand at £355 million, with sales increasing by 5% to £9.
Safeway reveal profit rise despite sales dip
Supermarket chain Safeway has announced an increase in profits despite an intensive programme of store refurbishment that has curtailed sales growth during the last six months. The figures shows that pre-tax profits for the year to the end of March rose by 11% to stand at £355 million, with sales increasing by 5% to £9.
20 September 2002
B&Q parent company registers huge profit growth
In its interim results Kingfisher, owners of UK DIY chain B&Q, has reported strong first-half growth, with pre-tax profits ahead 26.5% to £274.7 million. The total retail sales growth for the group was 10.1% to £5.1 billion, with like-for-like sales up 1.3%, and retail profit was ahead by 19.8% to £294.3 million.
B&Q parent company registers huge profit growth
In its interim results Kingfisher, owners of UK DIY chain B&Q, has reported strong first-half growth, with pre-tax profits ahead 26.5% to £274.7 million. The total retail sales growth for the group was 10.1% to £5.1 billion, with like-for-like sales up 1.3%, and retail profit was ahead by 19.8% to £294.3 million.
15 May 2003
Northern Bank parent announces half-year £184m profit
The Northern Bank’s parent company the National Australia Group has released half-year results for its Financial Services Europe division announcing profits after tax of £184 million. The retail banking arm of the Group in Great Britain and Ireland figures revealed profits are up 2.2% on the corresponding period last year and up 8.
Northern Bank parent announces half-year £184m profit
The Northern Bank’s parent company the National Australia Group has released half-year results for its Financial Services Europe division announcing profits after tax of £184 million. The retail banking arm of the Group in Great Britain and Ireland figures revealed profits are up 2.2% on the corresponding period last year and up 8.
02 August 2001
Shell posts record $7.4 bn profit for first half of year
Royal Dutch/Shell has announced record £7.4 billion (£5.2 billion) profits for the first half of the year, the figures revealing a jump in profits of 15 per cent on last year’s results.
Shell posts record $7.4 bn profit for first half of year
Royal Dutch/Shell has announced record £7.4 billion (£5.2 billion) profits for the first half of the year, the figures revealing a jump in profits of 15 per cent on last year’s results.
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