Uber narrows loss to $645 million, boosts revenue amid turmoil
Businessam Staff
August 24, 2017
Even as Uber Technologies Inc.’s investors mounted a revolt against the then-chief executive officer over a string of self-inflicted scandals, the ride-hailing company’s financial performance continued to improve in the second quarter of the year, based on financial results provided by the company. Uber generated $1.75 billion in adjusted net revenue in the second quarter […]
Shoprite records rise in profit as South Africa stores prove resilient
Businessam StaffAugust 22, 2017
Shoprite Holdings Ltd. reported full-year earnings in line with analyst estimates as Africa’s largest food retailer boosted market share in South Africa ahead of a partial tie-up with clothing and furniture specialist Steinhoff International Holdings NV. According to Bloomberg’s report, headline earnings per share, which exclude one-time items, rose 12 percent to 10.07 rand in […]
Wal-Mart’s comparable sales rise for 12th straight quarter
Businessam StaffAugust 17, 2017
Wal-Mart Stores Inc reported its 12th consecutive rise in quarterly comparable sales Thursday, driven by an increase in the number of shoppers who visited stores and made purchases online. Sales at U.S. stores open at least a year rose 1.8 percent, excluding fuel, in the second quarter ended on July 31. Analysts polled by research […]
Presco reports Q2 2017 results; sales up by 30.4% YoY
Businessam StaffAugust 4, 2017
Presco reported its Q2 2017 results this afternoon showing sales growth of 30.4% y/y to N5.7bn. Similarly, PBT and PAT increased by 10.1% y/y and 2.5% y/y respectively. The topline growth surprised slightly. The company continued to benefit from increased demand following encouraging government policy on crude palm oil imports. This has also given it […]