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Q3 Results: GAIL profit rises 121% on higher spot LNG prices

CFO News Room

State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4

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Lime CFO On Riding Toward A Profitable Future

PYMNTS

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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When Will Profits Hitch A Ride With Uber And Lyft?

PYMNTS

The world of ridesharing — one that has expanded into such areas as food delivery and last-mile transportation needs via scooters — is about to get really interesting. Uber is one of those companies that, in a very short time, has become a firm part of the mainstream in daily consumer life and transportation. Losses came in at $1.8

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The “raison d’être” of treasury finds a wonderful example with the current health crisis.

Simply Treasury

The companies more exposed, such as air transport, travel, hotels and restaurants, bars, entertainment, cinemas, theatres, trade fairs, etc. A business can be profitable, generate returns and fall due to lack of liquidities. Bankruptcy occurs when the company defaults, not when it records losses.

Treasury 130
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The “raison d’être” of treasury finds a wonderful example with the current health crisis.

Simply Treasury

The companies more exposed, such as air transport, travel, hotels and restaurants, bars, entertainment, cinemas, theatres, trade fairs, etc. A business can be profitable, generate returns and fall due to lack of liquidities. Bankruptcy occurs when the company defaults, not when it records losses.

Treasury 130
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Big Tech’s Big Profits For SoftBank

PYMNTS

Big tech, big bets and big profits. Individual gains and losses are hard to ascertain, and commentary mentions certain holdings as contributing to overall unrealized results. That 408 billion yen, net, comes in contrast to SoftBank’s filing that unrealized losses from companies such as Uber totaled 195.3 billion yen ($3.9

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US Airlines: 2020 Losses May Land Above $35 Billion

PYMNTS

Citing industry analysts, CNBC reported that Southwest, Delta and Alaska are likely to return to profitability during the course of 2021. Looming over any plan for airlines to return to profitability is the question of whether business travelers will return to the air. According to the recent post, U.S.