Monday, 3 Oct 2022

Fresnillo H1 Profit Down; Declares Dividend; Backs FY22 Outlook – Quick Facts

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By David Segal

Mitsui & Co Q1 Profit Climbs, Backs FY23 View; Stock Down

Mitsui & Co., Ltd. (MITSF.PK,MITSY.PK), a Japanese diversified corporation, reported Tuesday that its first-quarter profit attributable to owners of parent surged to 275 billion yen from 191.26 billion yen in the prior year.

Earnings per share were 172.37 yen, compared to 115.68 yen a year ago.

Revenue was 3.72 trillion yen, higher than 2.66 trillion yen a year ago.

Looking ahead for the year ending March 31, 2023, the company continues to expect attributable profit of 800 billion yen or basic earnings per share of 503.79 yen.

In May, the company was projecting full-year basic earnings per share of 499.71 yen.

In Japan, Mitsui shares were trading at 2,908 yen, down 3.8 percent.

Fresenius Q2 Earnings Fall

Fresenius SE(FSNUF.PK,FSNPF.PK), a healthcare firm, on Tuesday posted a decline in earnings for the second quarter, amidst worsened labor shortages and related wage inflation at Fresenius Medical Care in the U.S. as well as elevated material and logistic costs.

For the second quarter, the German healthcare firm reported Group net income of 383 million euros or 0.68 euro per share, compared with 471 million euros or 0.84 euro per share, reported for the same period a year ago.

The Group’s income before special items for the quarter was at 450 million euros or 0.80 euro per share, less than 475 million euros or 0.85 euro per share, on year-on-year basis.

Fresenius generated EBIT of 845 million euros, versus 1.02 billion euros of previous year quarter.

The company’s EBITDA for the period stood at 1.528 billion euros, versus previous year’s 1.662 billion, year-over-year basis
Fresenius registered a rise in sales at 10.018 billion, from 9.246 billion euros of 2021.

Looking ahead, for the fiscal 2022, at constant currency, the company now anticipates Group sales to grow in a low-to-mid single-digit percentage range against its previous projection of mid-single digit percentage range.

For the full year, it also expects its earnings to decline in a low-to-mid single-digit percentage range, versus its earlier projection for an increase in a low-single-digit percentage range.

Travis Perkins H1 Adj. Operating Profit Broadly In Line With Prior Year

Travis Perkins plc (TPK.L) reported first-half adjusted operating profit of 163 million pounds compared to 164 million pounds, prior year. Adjusted basic earnings per share was 51.6 pence compared to 46.2 pence.

Profit before tax declined to 136.6 million pounds from 145.7 million pounds, last year. Earnings per share from continuing operations was 49.2 pence compared to 41.0 pence.

First half revenue increased to 2.53 billion pounds from 2.30 billion pounds, last year. Like-for-like revenue growth was 7.9%, for the first half period.

The Board has declared an interim dividend of 12.5 pence per share. The dividend will be paid on 11 November 2022 to shareholders on the register at the close of business on 7 October 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

BP Plc Q2 Underlying RC Profit Rises YoY

BP Plc (BP.L,BP_UN.TO,BP) reported that its second quarter underlying RC profit increased to $8.45 billion from $2.80 billion, last year. Underlying RC profit per ADS was $2.61 compared to $0.83.

Profit before tax increased to $14.06 billion from $5.14 billion. Earnings per ADS was $2.83 compared to $0.92.

Second quarter sales and other operating revenues increased to $67.87 billion from $36.47 billion. Total revenues and other income was $69.51 billion compared to $37.60 billion.

Looking ahead, the company expects third-quarter upstream production on a reported basis to be broadly flat compared with the second-quarter 2022.

For 2022, the company continues to expect reported upstream production to be broadly flat compared with 2021. On an underlying basis, the company expects upstream production to be slightly higher. bp continues to expect capital expenditure to be in a range of $14-15 billion for 2022.

bp has announced a 10% increase in its quarterly dividend to 6.006 cents per ordinary share. On an average, bp continues to expect to have capacity for an annual increase in the dividend per ordinary share of around 4% through 2025.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Fresnillo H1 Profit Down; Declares Dividend; Backs FY22 Outlook – Quick Facts

Fresnillo PLC (FRES.L) reported Tuesday that its first-half profit was $141.0 million, down 54.3 percent from last year’s $308.4 million.

Earnings per share from continuing operations fell 61.2 percent to $0.159 from $0.410 a year ago.

Adjusted earnings per share were $0.194, compared to $0.414 a year earlier.

Revenues declined 14.2 percent to $1.26 billion from $1.47 billion last year. Adjusted revenues of $1.35 billion was down 12.6 percent, mainly due to lower gold volumes and 9 percent due to lower silver prices.

First-half attributable silver production of 27.6 moz, including Silverstream, grew 0.4 percent. Attributable gold production of 308.8 koz was down 27.9 percent.

Further, the company announced interim dividend of 3.40 US cents per share, totaling $25.1 million, lower than prior year’s $73 million.

Looking ahead, Fresnillo remains on track to meet 2022 full year guidance of 50.5 to 56.5 moz of attributable silver (including Silverstream) and 600 to 650 koz of attributable gold production.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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