Lufthansa records 9 percent profit loss

Lufthansa records 9 percent profit loss

Lufthansa's third-quarter financial results dropped 9%, amid falling passenger numbers and increased competition in Asia. Trent Murray has more from Berlin.

October 30, 2024 14

Business / Economics

Profits fall at McDonald’s as it redoubles value push

McDonald's reported a drop in profits Monday behind broad-based sales declines as the fast food giant redoubles efforts to win over inflation-weary consumers. All three of the chain's operating regions experienced comparable sales decline, a significant weakening next to the year-ago results when global comparable sales jumped nearly nine percent. Profits for the quarter ending June 30 were $2.0 billion, down 12 percent. Revenues were essentially flat […]

July 29, 2024 6

Local

NBL announces half year financial results for 2023

Namibia Breweries Limited (NBL) today announced the summarized consolidated financial results for the 6 months which ended December 2023. As a proudly Namibian business that is vested in growing the country’s economy for the past 103 years, NBL’s first half financial results show that it is geared towards evolving as a future-fit business during tough economic times. Socio-economic conditions remained challenging, and income disparity increased. NBL’s dominant position in […]

April 5, 2024 14

Business / Economics

Capricorn Group releases interim financial results for the six months ended 31 December 2023

Capricorn Group, a proud Namibian financial services group listed on the Namibian Stock Exchange with diversified operations and business interests in Namibia and Botswana, released its interim financial results for the six months ended 31 December 2023 today. Capricorn Group achieved solid results with profit after tax for the six months ended 31 December 2023, increasing by 18.5% to N$827.6 million, compared to a profit after tax of N$698.2m that […]

February 29, 2024 32

Business / Economics

Trustco Group reports resilient 2023 financial results

Trustco Group Holdings Limited has released its 2023 financial results. The group maintained strong financial standing, ending the year with N$ 1.15 billion in shareholders' equity. However, the Group's Net Asset Value declined from N$ 1,834 million to N$ 1,153 million. Here’s Deputy CEO Quinton Van Rooyen Junior.

December 19, 2023 54