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earnings

January 13, 2011

Cargill, the world’s largest agricultural commodities trader, announced on 12 January that its profits for the quarter ending November tripled, which was helped by accurate predictions of the weather and shifts in trade flows.

Cargill, the world's largest agricultural commodities trader, announced on 12 January that its profits for the quarter ending November tripled, which was helped by accurate predictions of the weather and shifts in trade flows.

Cargill's net earnings for the three months ending November rose to $1.49 billion from $489 million for the same period the year before. Also, first-half earnings more than doubled from $1.01 billion to $2.37 billion.

March 19, 2010

Fashion group Inditex, controlled by billionaire Amancio Ortega and his family, gave its most upbeat economic outlook for two years this week as it reported an increase in net income of 5% for 2009.

Fashion group Inditex, controlled by billionaire Amancio Ortega and his family, gave its most upbeat economic outlook for two years this week as it reported an increase in net income of 5% for 2009.

The Spain-based group opened 343 new stores in 2009, 98% of which were outside the domestic market, and reported a net income of €1.3 billion. This increase was particularly prominent in the Asian market where sales accounted for 12.2% of total sales, compared to 2008 where they were 10%. 

March 4, 2010

AP Moller–Maersk, the Danish conglomerate controlled by the McKinney-Moller family, reported a net loss for 2009 of $1 billion, its first since at least the Second World War.

AP Moller–Maersk, the Danish conglomerate controlled by the McKinney-Moller family, reported a net loss for 2009 of $1 billion, its first since at least the Second World War.

In its annual report released today, the company recorded revenues of $48.5 billion compared to $61.2 billion in 2008. The report said the company had been seriously affected by economic crisis, the decline in world trade and global oil consumption and the difficult market conditions in general.

January 27, 2010

McGraw-Hill Companies, the family-controlled publisher, announced yesterday better than expected earnings for the fourth-quarter of 2009.

McGraw-Hill Companies, the family-controlled publisher, announced yesterday better than expected earnings for the fourth-quarter of 2009. The company was helped to profit by the sale of one of its flagship titles, Business Week, and a recovery in the fortunes of the ratings agency Standard & Poor's.
 

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