Carrefour's Profit Climbs for First Half
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Carrefour, the world's No. 2 retailer said Wednesday that its profit increased 5.3 percent in the first half of the year, as robust international operations and lower finance costs helped it ride out tough conditions at its core French superstores.
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French media group Vivendi Universal has reported a 48-percent jump in net profit for the first half of 2006, to 1.8 billion euros, and confirmed its forecast of at least 16-percent growth for the full year.
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Swiss Life Holding, Switzerland s biggest life insurer, said profit in the first half surged as it paid less to pensioners and had a gain from regulatory changes.
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The DuPont Company, the chemical giant, said Tuesday that fourth-quarter earnings rose before special items, in part because of increased profit from its performance materials business and strong agricultural sales in Brazil.
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Lesser-known French retailer turns in a strong first half. Investors, take notice.
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Rio Tinto Ltd./Plc.'s   second-half net profit rose 25 percent, driven by higher prices for key commodities such as iron ore, aluminum and copper, and said capacity was fully stretched as it tries to meet demand.
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European no-frills airline Ryanair&#39;s profits have risen a forecast-beating 18 percent in the first half of the year, the carrier has announced, with an upbeat view for the full year also cheering investors.
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Carrefour, the European retailer, posted a 3.3 percent rise in profit for 2006, with a weaker performance in its home market in France dampening robust growth elsewhere. The company said net profit was 1.86 billion euros ($2.44 billion), compared with 1.8 billion euros in 2005. Sales, which Carrefour reported in January, rose 3.4 percent, to 3.26 billion euros. The earnings report came the day after the chairman of Carrefourâs supervisory board, Luc Vandevelde, resigned in a shake-up.
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SunTrust Banks Inc. STI.N, which  fired three executives over its accounting for bad loans, on  Friday restated first-half profit higher by $25.1 million,  slightly more than it had forecast, to fix the errors.
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William Hill Plc, the UK&#39;s No. 2 bookmaker, said first-half profit jumped 36 percent as fewer favorites won at events such as the Euro 2004 soccer tournament.
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Carnival Corp. & Plc  , the world's largest cruise operator, posted slightly higher quarterly profit on Tuesday as growth in Europe more than offset weakness in the Caribbean.
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China Telecom Corp., the listed arm of the nation&#39;s biggest fixed-line operator, said first-half profit rose 28 percent after it added networks and secured more users for a service that competes with mobile-phone companies.
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Oil giant BP reports a 15% rise in annual profits, buoyed by high crude prices in the first half of the year.
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Supermarket Morrisons says first half profits almost doubled, despite tough market conditions.
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Insurer and fund manager AMP Ltd. , on Wednesday posted a better-than-expected first-half profit on higher investment returns and improved margins, and targeted a stronger performance for the remainder of the year.
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Gallaher&#39;s profits rose 4.4 percent in the first half as its improved prospects in Britain offset worsening trading conditions in continental Europe, the tobacco company says.
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CHICAGO (CBS.MW) -- Higher margins on the hard stuff and profits from a pair of low-carb wines launched earlier this year helped boost liquor giant Brown-Forman&#39;s fiscal first-quarter profits 67 percent.