One year after being hit by a $2-billion scam, India’s Punjab National Bank (PNB) is set to return to annual profits and strong loan growth in fiscal 2020 even as investigations continue into the country’s biggest banking fraud.
Sony Corp. lifted its annual operating profit outlook by 30 percent to a record level after a strong second-quarter, bolstered by popular game titles as well as growing demand for its online gaming services.
Samsung Electronics Co. said Tuesday its second-quarter net profit edged down 0.09 percent on-year amid weak returns from the smartphone business, although the chip business posted another quarterly record profit.
English soccer club Manchester United expects profit to jump by as much as 46 percent next year thanks to a return to Champions League soccer and a record kit deal and will start paying regular dividends.
Falling global oil prices dragged down the net income of Saudi petrochemical giant SABIC by 29 percent in the fourth quarter, the company said on Sunday. SABIC, the largest publicly traded firm in the Persian Gulf, reported net profit of 4.36 billion riyals ($1.16 billion) for the three months to December. That compared with 6.16 billion riyals in the same quarter a year earlier.