Saturday, December 9

Tag: Net profit

Reliance Jio Net Profit Surges 62.5%
BUSINESS

Reliance Jio Net Profit Surges 62.5%

India's leading telecom operator Reliance Jio posted a 62.5 percent jump in its standalone net profit at Rs 1,350 crore for the October-December quarter of FY 2019-20. The telecom arm of Reliance Industries, Jio had posted a net profit of Rs 831 crore in the corresponding quarter a year ago. The company recorded an increase of 28.3 per cent in its operating revenue at Rs 13,968 crore as compared to Rs 10,884 crore in the year-ago period. "Jio has continued on its unprecedented growth journey receiving overwhelming customer response for best in class mobile connectivity services. Jio is also determined to redefine the wireline infrastructure, home entertainment and enterprise market in India with its FTTx services which bundle best-in-class connectivity with bouquet of digital con...
Saudi Aramco’s H1 2019 net income slips to $46.9 bn
BUSINESS

Saudi Aramco’s H1 2019 net income slips to $46.9 bn

Saudi state-owned energy giant Aramco said its first half net income for 2019 had slipped to $46.9 billion, a first such disclosure for the secretive company ahead of its debut earnings call. "The company's net income was $46.9 billion for the first half (of) 2019, compared to $53.0 billion for the same period last year," the company said in a statement. The fall in income, owing to lower oil prices, comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing. "Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow," Aramco CEO Amin Nasser was quoted as saying in the statement. It is the first time the company has published half-year financial results and comes after Aram...