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Sony net profit down but lifts forecasts

Sony said Tuesday net profit fell more than 30 percent in the nine months to December, but upgraded its annual net profit forecast on solid growth in its image sensor and financial services sectors. The PlayStation manufacturer said net profit dropped 31.2 percent to 569.55 billion yen ($5.22 billion) for April-December, partly due to the […] The post Sony net profit down but lifts forecasts appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneFeb 4th, 2020

Nissan downgrades forecasts as 9-month net profit plunges

YOKOHAMA, Japan – Crisis-hit Japanese automaker Nissan said Thursday, February 13, its net profit plunged more than 87% for the 9 months to December as it struggles with weak demand and fallout from the arrest of former boss Carlos Ghosn . Nissan revised downwards its full-year sales ........»»

Category: newsSource:  rapplerRelated NewsFeb 13th, 2020

Crisis-hit Nissan chops forecasts, net profit worst for a decade

YOKOHAMA, Japan – Crisis-hit Japanese automaker Nissan Tuesday, November 12, slashed its full-year forecast for both sales and profit as it struggles with weak demand in Japan, the US and Europe, as well as fallout from the arrest of former boss Carlos Ghosn . Nissan downgraded its net profit forecast ........»»

Category: newsSource:  rapplerRelated NewsNov 12th, 2019

Honda first-half net profit slumps 19%, full-year forecast down

Japanese carmaker Honda said Friday its first-half net profit dropped 19 percent on negative currency exchange rates and falling motorcycle sales, slightly revising down profit forecasts for the full year. For the April-September period, Honda posted net profit of 368.85 billion yen ($3.38 billion), down 19 percent from a year earlier, as sales slipped 1.8 […] The post Honda first-half net profit slumps 19%, full-year forecast down appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 8th, 2019

Sony s PlayStation 4 now the second best-selling console ever

MANILA, Philippines – Sony’s Playstation 4 (PS4) is now the second best-selling console ever. The new milestone for the gaming console was revealed as Sony shared its Q2 financial results . ( Sony first-half net profit drops 14.9%, full-year net profit forecast up ) The company reported that the PS4 shipped out 2.8 million units, bringing its total up to 102.8 million. The top ........»»

Category: newsSource:  rapplerRelated NewsOct 30th, 2019

Sony first-half net profit drops 14.9%, full-year net profit forecast up

TOKYO, Japan – Japan's Sony said Wednesday, October 30, half-year net profit fell nearly 15% but it upgraded its annual net profit forecast on solid growth in its image sensor and music sectors. The PlayStation manufacturer said net profit dropped 14.9% to 340 billion yen ($3.12 billion) for the April-September period, and ........»»

Category: newsSource:  rapplerRelated NewsOct 30th, 2019

Sony 1st quarter net profit down on one-off factors

TOKYO, Japan – Japanese entertainment giant Sony on ........»»

Category: newsSource:  rapplerRelated NewsJul 30th, 2019

FIFA to expand World Cup to 48 teams in 2026

GRAHAM DUNBAR, AP Sports Writer br /> ZURICH (AP) — FIFA will expand the World Cup to 48 teams, adding 16 extra nations to the 2026 tournament which is likely to be held in North America. President Gianni Infantino's favored plan — for 16 three-team groups with the top two advancing to a round of 32 — was unanimously approved Tuesday by the FIFA Council. It meets Infantino's election pledge of a bigger World Cup, and should help fund promised raises for FIFA's 211 member federations. With 80 matches instead of 64, FIFA forecasts the equivalent of $1 billion extra income at current rates from broadcasting and sponsor deals, plus ticket sales, compared to $5.5 billion revenue forecast for the 2018 World Cup in Russia. FIFA projects an increased profit of $640 million despite some extra operating costs and prize money for teams. FIFA's six continents should find out by May how many extra places they will each get. UEFA wants 16 European teams at the tournament, which is strongly favored to be played in North America. The CONCACAF region has not hosted the World Cup since the 1994 tournament in the United States. American, Canadian and Mexican soccer leaders have had informal talks about a co-hosting bid. Africa and Asia could be winners in a bigger World Cup with up to nine places each. They had only five and four teams, respectively, at the 2014 World Cup in Brazil. Still, FIFA said it expects the standard of soccer to drop compared to the 32-team format locked in for the next two World Cups in Russia and Qatar. The 'absolute quality' of play, defined by high-ranked teams facing each other most often, is achieved by 32 teams, FIFA acknowledged in a research document sent to members last month. It made 10,000 tournament simulations to reach that conclusion. Instead, Infantino wants to create fervor and months of anticipation back home in the 16 extra nations which would qualify, some probably making their World Cup debut. FIFA has pointed to Costa Rica, Wales and Iceland as examples of teams which overachieved at recent tournaments. FIFA must break with soccer tradition to make its new format work after an original 48-team plan — with an opening playoff round sending 16 'one-and-done' teams home early — was unpopular. Instead, three-team groups will replace the usual groups of four to create simple progress to a knockout bracket. However, it leaves one team idle for final group games and could risk collusion between the other two teams. FIFA said it could guard against result-rigging by introducing penalty shootouts after group games that end in draws. Despite the 16 extra games, FIFA believes the current maximum of stadiums needed will stay at the 12 used by Brazil and Russia. However, the demand for more training bases and hotels means developed countries would be better equipped to win future hosting contests. North America is the strong favorite for 2026 because European and Asian countries are blocked by a FIFA rule excluding continents which hosted either of the two previous tournaments. Russia will host the World Cup next year and Qatar in 2022. South America has been focused on a centenary tournament including original 1930 host Uruguay, and African nations are seen as lacking existing capacity and unlikely to fund multi-billion dollar infrastructure spending. .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

Taiwan’s TSMC lifts 2016 revenue forecast after third-quarter surge; analysts see iPhone 7 boost

Profit-taking, along with uncertainties in the global economy and some domestic factors resulted in a big drop in foreign portfolio investments to the Philippines in September......»»

Category: newsSource:  mb.com.phRelated NewsOct 13th, 2016

Sony warns over falling sales, clings to profit

Sony on Friday cut its sales forecast for the current fiscal year, citing the impact of a surging yen and slower smartphone sales, as net profit also took a hit......»»

Category: newsSource:  mb.com.phRelated NewsJul 29th, 2016

Amazon tops Street 2Q forecasts

SEATTLE — Amazon.com Inc. (AMZN) on Thursday reported second-quarter profit of $857 million......»»

Category: newsSource:  mb.com.phRelated NewsJul 29th, 2016

Adidas lifts profit forecast for 3rd time running

Adidas lifts profit forecast for 3rd time running.....»»

Category: newsSource:  rapplerRelated NewsJul 28th, 2016

Market retreats; ICTSI, PLDT fall

Stocks fell Thursday on profit taking tracking a sharp drop on Wall Street as the deadly coronavirus sweeps the planet......»»

Category: financeSource:  thestandardRelated News5 hr. 36 min. ago

Century& rsquo;s profit up 11% to P3.1b on strong sales

Canned tuna producer Century Pacific Food Inc. said net income in 2019 climbed 11 percent to P3.1 billion on strong sales from the branded food business......»»

Category: financeSource:  thestandardRelated NewsApr 1st, 2020

GT Capital registered 2019 profit of P20.31b

Conglomerate GT Capital Holdings Inc. said net income in 2019 increased 54 percent to P20.31 billion from P13.16 billion in 2018......»»

Category: financeSource:  thestandardRelated NewsMar 31st, 2020

Pilipinas Shell profit up 11% in 2019

Pilipinas Shell Petroleum Corp. managed to grow profits by 11 percent last year despite the tough environment for the oil sector......»»

Category: newsSource:  philstarRelated NewsMar 30th, 2020

Anti-COVID fund via Paymaya hits P8M

A week after its #OneAgainstCOVID19 initiative launched, financial technology firm PayMaya reported raising more than P7.8 million in donations from Filipinos all over the world through its digital payments channels, with donations growing rapidly by the day. This feat was accomplished as companies and non-profit organizations such as the Philippine Red Cross, UNICEF, Caritas Manila, […] The post Anti-COVID fund via Paymaya hits P8M appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 30th, 2020

Profit taking to cap stock rallies

Traders expect share prices to remain volatile this week, with investors quick to cash in on gains during rallies......»»

Category: financeSource:  thestandardRelated NewsMar 29th, 2020

Philippine NGO launches simulator of coronavirus infections

MANILA, Philippines – Non-profit organization Marine Conservation Philippines (MCP) launched a free-to-use COVID-19 simulator developed by its members, particularly scientists and creatives. The simulator, which can be accessed here , visualizes the rate of coronavirus infections in 3 scenarios: under “business as usual” approach, a ........»»

Category: newsSource:  rapplerRelated NewsMar 28th, 2020

No games, big losses: Money crisis faces US Olympic sports

By EDDIE PELLS AP National Writer DENVER (AP) — The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs and others are desperate to stay solvent. Some are expecting a major downturn in membership dues, while others are reeling from event cancellations totaling more than 8,000 across all sports. A database analyzed by The Associated Press shows combined projected losses of more than $121 million in revenue between February and June for 43 of the 50 national governing bodies that responded to a survey from the NGB Council in the wake of the coronavirus crisis. As much or more as the U.S. Olympic and Paralympic Committee, which serves as an umbrella regulator of the country's Olympic sports, it's the NGBs that provide funding and other support for athletes to pursue their dreams at the Olympic and other elite levels. About 80% of the typical NGB's budget goes toward supporting athletes. Not including the U.S. Tennis Association — an outlier because of the massive revenue it generates from the U.S. Open — the NGBs have a combined annual revenue of about $685 million. By comparison, the NFL and NBA each reportedly brought in about $8 billion during the latest completed season. Half the NGBs are little more than ma-and-pop operations, working with small staffs and on revenue not more than $5 million a year. The USOPC, which sent cash grants to the individual NGBs to the tune of around $65 million in 2018, is also in uncharted territory. The postponement of the Olympics forces the federation to make up for a shortfall nearing $200 million without the NBC payout that comes during Olympic years. The USOPC broke with recent practice by not taking out insurance against that possible loss, instead deciding to self-insure. Some of the shortfall is expected to come from an endowment fund created out of a surplus from the 1984 LA Olympics. The USOPC says the losses across American sports could range from $600 million to $800 million. A good portion of these losses can be recouped if the games go forward, as expected, in 2021. But staying financially healthy until that time is not a given for some of the more vulnerable NGBs. “I haven't heard anyone say their NGB itself was going to go out of business,” said Max Cobb, the president of U.S. Biathlon, who doubles as leader of the USOPC's NGB Council. “But there's very little buffer to absorb any revenue loss for an NGB. They all run on a very tight revenue and expense model, and very few have much in the way of savings.” Already, USA Cycling, a mid-sized NGB with an approximate annual revenue of $15 million, laid off eight of its 70-person staff. And USA Rugby, which existed on about $14 million in revenue through 2017, was already teetering and could be nearing closer to bankruptcy with the added uncertainty the Olympic postponement has brought. Many NGBs, such as cycling, are event driven — reliant on cash brought when people sign up for local and national competitions that they sanction. Others, such as USA Swimming, get their lion's share of funding from membership dues, which are taking a hit as facilities around the nation close on the order of state and local governments. “We, as an NGB, will feel it next fall when memberships start rolling in. That shortfall could have a profound effect,” said USA Swimming's Tim Hinchey. “We can overcome a lot of these things, I think, if all comes back to normal. But we have to wait and see like everyone else.” The only event that makes money for swimming is its Olympic trials, which are also a significant revenue source for track, gymnastics and other sports that send large teams. All have been postponed, to be rescheduled when the IOC sets a new date for the Olympics in 2021. The USOPC recently sent a letter to Congress asking for $200 million to be included in the $2 trillion coronavirus relief package that passed through the House of Representatives on Friday. The money, it said, was to be used to support about 2,500 athletes and to help NGBs, which have a total of about 4,500 full-time employees. “On short notice, we surveyed NGBs and then made additional assumptions about the current and future impact of the pandemic on athlete financial support,” CEO Sarah Hirshland said. “Reflective of that work, funds were requested on behalf of athletes and NGBs only.” That request wasn't granted — the federal government has a long history of not providing financial support to the Olympics — though Cobb said he was encouraged that not-for-profit businesses such as the NGBs are allowed to apply for loans as part of the stimulus package's $349 billion “Paycheck Protection Program.” Hinchey said he'll direct some struggling swim clubs to also seek relief from the loan program. What's clear to Cobb is that without some help, more layoffs could be imminent at some NGBs, while others will suffer in ways that the broad public might not recognize right away. Without as much revenue to support a wider swath of coaching and training programs, to say nothing of equipment and state-of-the-art training facilities, some sports' pipelines might suffer. “The athletes receiving the support right now have earned that by being the best in the country,” Cobb said. “But it's that next generation of athletes, and all the NGBs rely on that next generation, that's the group that's the most impacted.”.....»»

Category: sportsSource:  abscbnRelated NewsMar 28th, 2020

The UPS Foundation Supports Its Global Network of Humanitarian Partners to Combat the Impacts of the COVID-19 Around the World

The UPS Foundation, which leads the global citizenship programs for UPS, announced it has expanded its response to the novel Coronavirus, including new grant allocations, surpassing $6 million to United Nations agencies, humanitarian relief partners and community-based non-profit and international non-government organizations. The relief support includes collaboration with more than a dozen organizations and the […].....»»

Category: newsSource:  metrocebuRelated NewsMar 28th, 2020