Uniper FY22 Net Loss Widens, Sales Climb; Sees Adj. Earnings Improvement In FY23

Photos: 2023 Colorado State Wrestling Championships at Ball Arena

The 2023 CHSAA state wrestling championship tournament is in full swing from February 16-18 at Ball Arena in Denver, Colorado.

Must We Feel Shame Over Divorce?

In my South Asian community, where ending a marriage is relatively uncommon, the answer seemed to be yes.

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

By Samaiya Mushtaq

Lenovo Q3 Profit Down On Weak Revenues; Stock Down

Chinese PC and mobile maker Lenovo Group Ltd. (LNVGY.PK) reported Friday that its third-quarter net income attributable to equity holders declined 32 percent to $437 million from last year’s $640 million.

Basic earnings per share dropped to 3.65 US cents from 5.50 US cents a year ago.

Net income, on non-HKFRS basis, was $447 million, down 31 percent from last year’s $652 million.

Group revenue declined 24 percent to $15.27 billion from $20.13 billion a year ago.

Group revenue from non-PC businesses reached a high of 41 percent and profitability remained solid. Lenovo said its diversified growth engines of Solutions and Services Group and Infrastructure Solutions Group generated revenue growth of 23 percent and 48 percent, respectively.

In Hong Kong, Lenovo shares were trading at HK$6.80, down 3 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

NatWest FY22 Profit Rises, Plans Dividend, Up To £800 Mln Buyback; Sees Higher Income In FY23

Banking and insurance holding company NatWest Group plc (NWG, NWG.L) reported Friday that its fiscal 2022 profit attributable to shareholders grew to 3.34 billion pounds from last year’s 2.95 billion pounds.

Profit before tax was 5.13 billion pounds, higher than last year’s 3.84 billion pounds.

Income for the year grew to 13.16 billion pounds from 10.43 billion pounds generated in the previous year.

Further, the company noted that a final dividend of 10.0 pence per share is proposed, and the company intends to commence an ordinary share buyback programme of up to 800 million pounds in the first half of 2023.

Looking ahead for fiscal 2023, NatWest projects income excluding notable items to be around 14.8 billion pounds and full year NIM around 3.20 percent, based on a Bank of England base rate of 4 percent through the remainder of 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Air France-KLM Reports Net Income In Q4; Revenue Up 86.2%

Air France-KLM (AFRAF.PK) reported that its fourth quarter net income for the period – Group part – was 496 million euros, up 622 million euros from last year. Revenues from ordinary activities was 7.13 billion euros, up 47%.

Full year net income Group part was 728 million euros, an increase of 4.02 billion euros from last year. Revenue was 26.39 billion euros, up 84%.

Air France-KLM expects the capacity in Available Seat Kilometers for Air France-KLM Group including Transavia of: 90%-95% for the First quarter of 2023; 90%-95% for the second quarter of 2023; above 95% for the second half of 2023; and 95%-100% for the full year 2023.

The Group’s medium-term financial ambition is to reach an operating margin of 7% to 8%. The Group expects capacity in Available Seat Kilometers back to 2019 levels as from 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Safran Annual Revenue Climbs

Safran S.A. (SAFRF.PK), a French maker aircraft engines and related equipment, on Friday reported a rise in revenue for 2022. However, the company posted net loss for the period amidst higher foreign exchange losses and other operating expenses.

For the full-year, the Paris-headquartered firm reported a loss of 2.459 billion euros, compared with a profit of 43 million euros of 2021. However, excluding items, income rose to 1.178 billion euros from 760 million euros of previous fiscal.

Loss from continuing operations stood at 2.426 billion euros as against a profit 68 million euros a year ago.

Financial loss moved up to 5.163 billion euros, from 596 million euros loss of previous fiscal.

Foreign exchange losses were at 5.072 billion euros, sharply higher than the previous year’s 497 million euros loss.

Profit from operations rose to 2.043 billion euros from last year’s 864 million euros.

Other operating expenses rose to 17.103 billion euros, compared with 13.904 billion euros of last year.

For 2022, Safran generated revenue of 19.523 billion euros, versus 15.133 billion euros of 2021.

For the year, the company will pay a dividend of 1.35 euros per share, to be paid on June 1, to shareholders of record on May 31.

Looking ahead, for 2023, the company expects revenue of at least 23 billion euros compared with 19.035 billion euros last year.

Uniper FY22 Net Loss Widens, Sales Climb; Sees Adj. Earnings Improvement In FY23

German energy major Uniper SE (UNPRF.PK) reported Friday that its fiscal 2022 IFRS net loss was 19.12 billion euros, wider than last year’s loss of 4.11 billion euros.

Loss per share was 33.05 euros, compared to loss of 11.39 euros in the prior year.

The loss in fiscal 2022 contains about 13.2 billion euros of realized additional cost for procuring replacement gas and about 5.9 billion euros of future losses that are anticipated because of future procurement costs to replace undelivered Russian gas.

The results also includes the deconsolidation of Unipro resulting in a loss of 4.4 billion euros, among others.

Adjusted net loss was 7.39 billion euros, compared to profit of 743 million euros a year ago, both figures excluding Unipro.

Adjusted EBIT was negative 10.86 billion euros, compared to positive 955 million euros last year.

Sales, however, climbed to 274.12 billion euros from prior year’s 162.97 billion euros.

Looking ahead for fiscal 2023, Uniper expects adjusted net income and adjusted EBIT above prior-year level.

The high uncertainties regarding the development of gas prices and the associated gas replacement costs may lead to a high volatility of adjusted EBIT in financial year 2023, the company noted.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.