CFO News

OCTOBER 24, 2024

Piramal Enterprises' net profit has surged to Rs 163 crore in the September quarter, driven by a 17% rise in core net interest income and strong recoveries. Increased loan loss provisions and challenges in microlending and over-levered borrowers further contribute to the cautious outlook.

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Profit and Loss 40

CFO News

JULY 24, 2024

Loss-making companies with high cash burn, including startups, would get a boost from a key amendment proposed to the Income Tax Act in the Union budget. This comes at a time when multiple consumer internet companies and large startups in India are charting the path to profitability, amid a slowdown in capital funding.

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CFO Dive

FEBRUARY 10, 2023

The Swiss bank is aiming to incentivize executives with long-term awards as it attempts to return to profitability. It reported its second consecutive annual net loss.

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Banking 300

CFO News

JUNE 25, 2024

Walmart CFO David Rainey said ecommerce company Flipkart and PhonePe are on the path to profitability. Flipkart’s losses in the ecommerce segment have been improving, he said at an investor conference.

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CFO News

OCTOBER 14, 2024

Seven companies formed from the old Ordnance Factory Board are now profitable three years after corporatisation. Previously, they had heavy losses. Yantra India Limited and Armoured Vehicles Nigam Limited are among the top performers, posting substantial profits.

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Profit and Loss 40

CFO News

MARCH 2, 2023

Companies are estimated to have made a loss of Rs 1.2 But a profit of Rs 6.8 per litre on the sale of diesel in the current quarter so far. per litre on petrol has turned the blended margin on the two fuels positive, according to the brokerage.

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CFO Dive

APRIL 13, 2023

The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.

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CFO 130

Cube Software

OCTOBER 10, 2023

Understanding break-even analysis Break-even analysis is a fundamental financial tool used to determine the point at which sales will cover all fixed and variable costs, resulting in neither profit nor loss. At its core, this analysis revolves around three primary components:

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PYMNTS

DECEMBER 18, 2020

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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Profit and Loss Startups eCommerce Economics 82

PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. The company posted a total loss of $139.6 Revolut attributed the losses to its expansion into new markets and the introduction of new products. million (£106.5 million) in 2019 — up from £32.9

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CFO News

NOVEMBER 12, 2024

It’s a rare moment of victory for the Vision Fund, which posted two straight years of hefty losses after startup valuations collapsed, erasing its previous gains. A boom in India’s IPO market is buoying the Vision Fund, which for years struggled to win returns commensurate with its $100 billion-plus scale.

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PYMNTS

FEBRUARY 17, 2020

Losses widened this past year for OYO Homes & Hotels , as the SoftBank -backed company tried to expand into China, according to Reuters. The losses the company reported were increased sixfold since March 2019. The quarterly profit for SoftBank was almost decimated by its Vision Fund losses, worth $100 billion.

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PYMNTS

NOVEMBER 13, 2020

Star Indonesian startup Gojek is moving closer to eventual profitability after staunching a tide of ink amid losses on core services like delivery and ride-hailing, according to a new report. For us, sustainability is the mantra.”.

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Startups Profit and Loss Numbers 88

The Charity CFO

DECEMBER 27, 2023

Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.

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Nonprofit Profit and Loss Communication CFO 52

PYMNTS

JULY 10, 2020

Indian food-delivery company Zomato weathered a decrease in revenue after COVID-19 hit — but at the same time saw an increase in profitability, founder and CEO Deepinder Goyal said in a blog post yesterday. At the same time, the company reported, the annual net loss grew to $293 million from $277 million.

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Profit and Loss Investments 67

Financial Analyst Insider

DECEMBER 6, 2022

What You Need to Know for a Profitable Investment in Real Estate Do you want to invest in real estate in Vienna but don’t yet. The post 4 Tips To Help You Invest in Real Estate Without Loss appeared first on Financial Analyst Insider.

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Investments Financial Analyst 52

CFO News

OCTOBER 31, 2023

billion, marking a 24% year-on-year increase, with a profit of $2 million compared to a loss of $6.8 The transaction is set to be finalized by December 31, 2023, as the company aims to bolster its presence in the Indian inter-city car rental market. In its Q2 2024 results, MakeMyTrip reported gross bookings of $1.8

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Marketing 52

PYMNTS

JANUARY 10, 2020

Some of the industries that are losing the most money include healthcare companies (at 42 percent of the loss-making companies) and tech stocks (17 percent). In the pool of the smallest 80 percent of companies that lose money, there has been an increase in those that have seen losses for three straight years.

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Profit and Loss Healthcare Marketing Finance 68

PYMNTS

SEPTEMBER 21, 2020

Lime wants to be the first micro-mobility company to be profitable for the full year as of 2021. Ellis said COVID-19 has “fundamentally changed the profitability model of our business.”. Ellis said everything is on the table because it’s all relevant to Lime’s future profitability picture and ultimate corporate destination.

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Profit and Loss CFO Transportation Numbers 108

Michigan CFO

JULY 13, 2021

And in Q1 of 2017, investors were pleased the company reduced its quarterly loss to $708M from the Q4 2016 loss of $991M. From CNNtech: “To many readers, the loss is nothing short of staggering. Losses down, even though they keep investing heavily around the world.” The time to be profitable is ALWAYS.

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PYMNTS

AUGUST 6, 2020

Adidas AG , the global sneaker maker, revealed losses of nearly $400 million in the second quarter (Q2) amid store closures to prevent the spread of the coronavirus. At the same time, Adidas suffered an operating loss of 333 million euros ($394 million). billion euros ($4.3 billion) in the quarter.

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PYMNTS

FEBRUARY 26, 2020

Klarna, a Swedish FinTech that allows customers to pay for items through installments, has posted its first annual loss after years of being profitable, according to a report by CNBC. . The company reported a loss of $113 million ( 1.1 This is the first time the company has had a loss since it was founded 15 years ago.

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PYMNTS

JUNE 17, 2020

bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year, according to Reuters. The profits only hit $18.5 billion as the coronavirus pandemic continued to cause lenders to write off delinquent debt and horde billions to prevent more losses later on.

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Profit and Loss Banking Economics Numbers 81

Creative CFP

OCTOBER 12, 2020

The profit and loss statement (or P&L in accounting jargon) is arguably the central management statement for most SMEs, recording the majority of operational activities over any period of time, usually monthly. From the profit and loss statement a revenue-to-salaries ratio can be determined.

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PYMNTS

MARCH 26, 2020

Hotel chain Oyo , which became one of the largest chains by offering hotel owners guaranteed revenues for carrying the brand, will phase out that incentive in a push to find profitability, according to a report by The Wall Street Journal. The company is based in India and backed by investment giant SoftBank Group.

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PYMNTS

JULY 28, 2020

bank profits are at double the risk for loan losses than their European counterparts, according to the Financial Times on Tuesday (July 28). According to consultants with Accenture , European banks are already preparing to follow American ones in massive second-quarter loan loss reporting related to the pandemic.

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Profit and Loss Banking Numbers Accounting 60

CFO News Room

NOVEMBER 5, 2022

in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. after reporting better-than-expected quarterly revenue, even though its loss was larger than analysts had anticipated. Cinemark (CNK) – The movie theater operator’s stock rallied 6.5% Warner Bros.

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Profit and Loss Forecasting Economics Sales 130

CFO Share

JULY 14, 2022

How to run a successful loss leader strategy. Costco’s hot dogs are a loss leader – something sold at a loss to attract customers who are subsequently cross-sold and upsold. Would your business profit from a loss leader? The 5 qualities that make a loss leader successful are: They create cravings.

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Future CFO

OCTOBER 28, 2021

When it comes to profitability during the pandemic, businesses have suffered decrease and 32% of 536 businesses across 26 trade sectors surveyed in Asia Pacific reported 11-30% drop, said Euler Hermes recently when releasing results of a study. 81% of respondents reported that they have suffered decrease in profitability under the pandemic.

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PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 Alibaba blamed the loss on increased investments to capture growth. billion yuan for the same quarter a year ago.

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PYMNTS

NOVEMBER 12, 2018

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The FinTech company has now recorded losses for the second consecutive quarter. In August, it posted a second quarter loss of about $200 million.

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Profit and Loss Leadership Investments Finance 73

PYMNTS

JANUARY 10, 2020

Some of the industries that are losing the most money include healthcare companies (at 42 percent of the loss-making companies) and tech stocks (17 percent). In the pool of the smallest 80 percent of companies that lose money, there has been an increase in those that have seen losses for three straight years.

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Profit and Loss Healthcare Marketing Finance 52

PYMNTS

SEPTEMBER 11, 2019

Paytm is perhaps the largest and best-known domestic name in mobile payments in India, but it continues to struggle on the path to profitability. As of its last earnings report, Paytm’s parent firm One97 reported a veritable explosion in losses over the last year, largely driven by the increasing cost of doing business.

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CFO News

MAY 6, 2024

Several top executives of the three companies and auditors associated with some of them now face criminal charges due to the irregularities. Additionally, both auditors and their firms are undergoing disciplinary procedures.

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PYMNTS

DECEMBER 9, 2020

That would come on the heels of revenue growth in its most recently reported results, through August of this year, where revenues were up 180 percent but losses tripled. million pounds, but losses were 106.5 Diversification remains key – toward operating profits, beyond the pandemic. million pounds.

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Banking Profit and Loss B2B Accounting 82

PYMNTS

MAY 1, 2019

Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10 years, according to Bloomberg. Profits are still rising, regardless. JPMorgan Chase said its profits from the consumer division grew 19 percent in Q1. The problem is not yet out of hand, however.

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Profit and Loss Banking 76

PYMNTS

JANUARY 12, 2021

Cruise ship operator Carnival is looking at a loss of $2.22 The loss is compared to the company's $423 million profit in the same quarter from a year prior, the report stated. billion for the fourth quarter ending Nov. Carnival paused all its cruises after the pandemic hit U.S.

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