National Express April Revenue Up By Around 50%
National Express Group plc (NEX.L) reported continued improving performance trajectory across its business in the first four months of 2021 despite the ongoing lockdown restrictions.
The company’s April revenue rose by around 50% compared to last year. Further, the company noted that operating profit for the period 1 January 2021 to 30 April 2021 is ahead of last year driven by the actions taken to reduce costs.
Given the ongoing restrictions on travel, the company continues to anticipate first half performance to be at least in line with that delivered in the second half of 2020.
Also, National Express continues to project a robust improvement in the second half of the year as vaccination programmes enable more restrictions to be lifted.
Commerzbank swings to first-quarter net profit, beating expectations
- Commerzbank said on Wednesday it posted a net profit of 133 million euros ($161.2 million) in the three months through March, compared with a loss of 291million euros a year earlier.
- Analysts had expected a net loss of 131 million euros.
- The bank said it now expects revenues for the year to slightly exceed 2020, a more optimistic view than previous expectations for slightly lower income.
Germany's Commerzbank swung to a first quarter profit, beating expectations, as the lender undergoes a major restructuring, and it said its outlook for revenues in 2021 was rosier than it had earlier anticipated.
Commerzbank said on Wednesday it posted a net profit of 133 million euros ($161.2 million) in the three months through March, compared with a loss of 291million euros a year earlier. Analysts had expected a net loss of 131 million euros.
The bank said it now expects revenues for the year to slightly exceed 2020, a more optimistic view than previous expectations for slightly lower income.
Commerzbank is undergoing a 2 billion euro restructuring involving the closure of hundreds of branches and reduction of 10,000 staff.
Last week, Chief Executive Manfred Knof struck a deal with employees over the job reduction plan.
The agreement is central to Knof's effort to streamline the country's second-biggest listed lender and return it to profitability.
Fujifilm Reports Increase In FY21 Profit, Projects Growth In FY22 Revenue
Fujifilm Holdings (FUJIF.PK,FUJIY.PK) Wednesday reported full-year net profit of 181.21 billion yen, up from 124.99 billion yen last year. On a per-share basis, net income attributable to the company was 451.75 yen, up from 305.22 yen a year ago.
Revenue for the period declined slightly to 2.192 trillion from 2.315 trillion a year ago.
Looking ahead to the fiscal year 2022, the company expects a 28.3 percent decline in net income attributable to Fujifilm holdings to 130 billion yen, compared to 181.2 billion yen last year.
The company now projects 11.3 percent growth in revenue to 2.440 trillion for the fiscal year ending March 31, 2022.
NEC Corp. FY Net Profit Attributable Surges 49.7%; Revenue Down 3.3% – Quick Facts
NEC Corp. (NIPNF.PK) reported net profit attributable to owners of the parent for the year ended March 31, 2021, of 149.61 billion yen, up 49.7 percent from 99.97 billion yen previous year. Earnings per share was 557.18 yen, versus 385.01 yen last year.
Adjusted net profit attributable to owners of the parent surged to 165.38 billion yen from 111.21 billion yen last year. Adjusted basic earnings per share was 615.92 yen, versus 428.32 yen last year.
Revenue for the year declined 3.3 percent to 2.99 trillion yen from 3.09 trillion yen previous year.
Looking ahead for next fiscal year ending March 31, 2022, the company forecast revenue to be 3.00 trillion yen, Net Profit to decline to 67.0 billion yen, Adjusted Net Profit to fall to 90.0 billion yen.
SGL Carbon Posts Profit In Q1; Confirms 2021 Outlook – Quick Facts
SGL Carbon (SGLFF.PK) reported first quarter consolidated sales of EUR 241.5 million, representing decline of 2% from EUR 246.8 million in the year-ago quarter.
The company reported consolidated net result attributable to shareholders of the parent company of EUR 6.1 million, versus loss of EUR 4.3 million in the prior-year period. The financial result improved to minus EUR 6.4 million in the reporting period from minus EUR 9.4 million comparable period year-ago.
EBITDA pre rose by 14% to EUR 33.0 million from EUR 29.0 million in the same period last year. EBIT also increased to EUR 17.0 million from EUR 6.4 million in the first quarter of 2020.
Looking ahead, the company confirm guidance for the full year 2021, with sales revenue to be EUR 920 million to EUR 970 million. In addition, the company now pursues a clear ‘margin before volume’ strategy with which it is focusing on profitability.
Judge Rejects NRA Bankruptcy Bid; Twitter Users Offer ‘Thoughts And Prayers’
After a Texas judge denied the National Rifle Association’s attempt to evade a lawsuit from the New York attorney general by declaring bankruptcy, Twitter users decided to give the gun lobbying organization a taste of its own medicine.
Judge Harlin Hale rejected the NRA’s bankruptcy petition, saying it was “filed as an effort to gain an unfair litigation advantage in the NYAG Enforcement Action and as an effort to avoid a regulatory scheme.”
Twitter users reacted with the same three words that political allies of the NRA often use to comment on tragic shootings without actually offering any meaningful action: “thoughts and prayers.”
Here’s a sample of the sarcastic sympathy the NRA received after its shady plan failed.
Michelle Obama to Colbert: Nobody rides life on a high
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Michelle Obama, the former first lady, said in an interview that aired Tuesday night that she has coped with low-grade depression over the past year and has spoken to her daughters about the ups and downs of life.
“Nobody rides life on a high, and I think it’s important for young people to know that, you know, it’s like, no, you’re not going to feel great all the time,” she told Stephen Colbert, the host of CBS’ “Late Show with Stephen Colbert.”
It has been over a year since the coronavirus outbreak swept across the world and prompted governments to order lockdowns and social distancing that many believe could contribute to higher rates of mental health duress for many.
Obama told Colbert that she tries to center herself around family and friends and she tries to avoid some of the outside noise at times. She also said she tries to get her children to understand that “the valleys are temporary, and so are the peaks.”
“They have to be prepared to handle the highs and the lows,” she said.
Fox News’ Caitlyn McFall contributed to this report