Konami Holdings H1 Profit Declines – Quick Facts
Konami Holdings Corp. (KNM) reported profit to owners of parent of 13.79 billion yen for the six months ended September 30, 2020, compared to 15.20 billion yen, previous year. Earnings per share declined to 101.90 yen from 110.67 yen. Operating profit increased to 21.37 billion yen from 20.92 billion yen, previous year.
First half total revenue decreased to 116.07 billion yen from 121.09 billion yen, prior year. Product sales revenue was 27.01 billion yen compared to 30.84 billion yen, last year.
National Grid HY Pre-tax Profit Rises
National Grid (NG.L,NGG) reported that its profit before tax for the six months ended 30 September rose to 720 million pounds from last year’s 404 million pounds.
Profit attributable to equity shareholders of the parent rose to 601 million pounds or 17.0 pence per share from 393 million pounds or 11.4 pence per share in the prior year.
Underlying earnings per share declined 14% to 17.2 pence reflecting higher COVID-19 related costs including US bad debts, storm costs, partly offset by improved UK Gas Transmission and US revenues.
Revenue for the period grew to 6.54 billion pounds from 6.29 billion pounds in the prior year.
The Board has approved an interim dividend of 17.00 pence per ordinary share or $1.1285 per American Depositary Share. This represents 35% of the total dividend per share of 48.57 pence in respect of the last financial year to 31 March 2020. The interim dividend is expected to be paid on 13 January 2021 to shareholders on the register as at 27 November 2020.
For 2020/21, the company continues to assume an impact on Group underlying operating profit of around 400 million pounds from COVID-19.
The company said COVID-19 will impact earnings and cash flow in the short term, but continues to anticipate limited economic impact longer term.
Disney's Q4 revenue dropped less than analysts expected amid worries of how its theme parks and movie studio operations would be impacted by the COVID-19 pandemic
- Disney reported its fourth-quarter earnings Thursday amid worries of how the COVID-19 pandemic would impact the company's wildly popular theme parks and movie studio business.
- The company's revenue fell around 23% to $14.71 billion, above analysts' estimation of $14.2 billion, by Oct. 3.
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Walt Disney reported a smaller-than-expected drop in fourth-quarter revenue on Thursday, calming worries of a big impact from the COVID-19 pandemic on its theme parks and movie studio businesses.
Overall revenue fell about 23% to $14.71 billion in the quarter ended Oct. 3, above analysts' average estimate of about $14.2 billion, according to Refinitiv IBES data.
Wipro rejigs structure, to seek growth outside U.S.
Focus on 4 markets, two business lines
Wipro on Thursday announced significant changes in its operating model, organisation structure and market focus.
In a note to employees, CEO Thierry Delaporte said for long the company had been largely dependent on the U.S. market. Going forward, it would have a broad-based approach and the new operating model would drive growth from non-U.S. markets. The U.S currently accounts for 58% of Wipro’s revenues, and Europe 25%. The company’s current delivery structure with multiple units will be replaced by a delivery model with an eye on economies of scale.
“Effective January 1, 2021, we will replace the current structure of seven strategic business units, service lines and nine geographies with four strategic market units (SMUs) and two global business lines (GBLs),” he said.
The four SMUs would comprise Americas 1, Americas 2, Europe and Asia Pacific Middle East Africa (APMEA). While Americas 1 and Americas 2 are organised by sectors, Europe and APMEA are structured by geography, Wipro said.
Mr. Delaporte said Srini Pallia will lead Americas 1, Angan Guha Americas 2, N. Bala will oversee APMEA while the leader for Europe will be named in the coming weeks. “They will be supported by a Chief Growth Officer,” he added. While one GBL covers engineering and application services, the other includes Cloud and digital operations.
Oil Futures Settle Sharply Higher
Crude oil futures ended sharply higher on Tuesday, extending gains from the previous session, as optimism over a potential coronavirus vaccine continued to outweigh worries about the energy demand outlook.
The possibility of OPEC+ tweaking their supply cut pact in the event of a drop in demand also helped ease concerns over excess supply.
West Texas Intermediate Crude oil futures for December ended up $1.07 or about 2.7% at $41.36 a barrel.
Brent crude futures were rising $0.54 or 1.3% at $42.94 a barrel.
After Pfizer reported that its coronavirus vaccine is more than 90% effective, U.S. President-elect Joe Biden heralded the positive new development in the race for a vaccine but warned it will still be several months before most of the country is inoculated.
The results were based on the first interim efficacy analysis conducted on November 8, 2020 by an external, independent Data Monitoring Committee from the phase 3 clinical study. The Committee has not reported any serious safety concerns.
Meanwhile, markets were looking ahead to weekly oil inventory data. While the American Petroleum Institute (API) will release its weekly oil report later today, the Energy Information Administration (EIA) will release weekly inventory data Wednesday morning.
YouTube Outage Lasts More Than Two Hours, But Website Now Returned To Action
YouTube fans had to find a new pastime for two hours today, as the site experienced an apparent technical issue that prevented videos from loading.
Users began reporting problems just before 7 PM ET, per the DownDetector site, which monitors internet outages.
YouTube’s website was accessible throughout the probem, but clicking on a video resulted in a black screen and a constantly loading circle without resolution.
Twitter was a hub of complaints, with the #YouTubeDOWN hashtag trending.
YouTube acknowledged the problem in a tweet, but did not specify what caused the outage. “…And we’re back—we’re so sorry for the interruption. This is fixed across all devices & YouTube services, thanks for being patient with us.”