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Record Profit

All articles tagged with #record profit

business-automotive1 year ago•3 min saved

Stellantis' 2023: Record Profit, Turbulent Year Ahead

Stellantis NV achieved a record $20 billion net profit in 2023, driven by higher pricing and increased revenue of $203.4 billion. Despite production disruptions and decreased U.S. sales, the automaker plans to launch several all-electric vehicles in North America and extend its double-digit margin expectations for 2024. Stellantis also reported positive adjusted operating incomes in all regions, proposed a dividend increase, and announced a share buyback program. The results surpassed those of its Detroit rivals, General Motors Co. and Ford Motor Co.

via Detroit News|

#automotive-industry #business-automotive #electric-vehicles

business2 years ago•3 min saved

JPMorgan CEO Jamie Dimon's Pay Jumps to $36 Million Amid Record Profits

JPMorgan Chase CEO Jamie Dimon received a 4.3% pay raise, bringing his total compensation to $36 million in 2023, following the bank's record profit of $49.6 billion. Dimon, who has led the bank since 2005, received a base salary of $1.5 million and a $34.5 million performance bonus. He is one of the few bank CEOs to achieve billionaire status, largely due to his holdings of JPMorgan stock. Dimon has warned of a potential recession and hinted at a future political career.

via Daily Mail|

#business #ceo-pay-raise #economic-outlook

business2 years ago•0 min saved

UBS Achieves Record Profits and Growth Amid Credit Suisse Deal and Job Cuts

UBS, a Swiss multinational investment bank, has reported a record profit of $29 billion, largely driven by its deal with Credit Suisse. The financial deal between the two banks has significantly contributed to UBS's success in the banking sector.

via The Wall Street Journal|

#banking #business #credit-suisse

business2 years ago•2 min saved

Qantas Achieves Record-Breaking Profit and Expands International Fleet

Qantas Airways, Australia's flagship carrier, has reported a record annual profit of $2.47 billion AUD ($1.6 billion) as air travel demand continues to recover post-pandemic. The airline plans to increase its fleet by ordering 12 Airbus 350 and 12 Boeing 787 aircraft, while also announcing a share buyback of $500 million AUD. Qantas aims to retire older planes and introduce new flight routes, including long-haul direct flights from Sydney to London and New York in 2025. The CEO, Alan Joyce, attributed the profits to the airline's strong position in the industry and expects air fares to decrease significantly in the next year. The Transport Workers' Union has called for Joyce's resignation over alleged empty promises and suppression of workers' wages. Joyce is set to retire in November and will be succeeded by Vanessa Hudson, Qantas' first female CEO.

via CNBC|

#business #ceo-resignation #fleet-expansion

gaming2 years ago•1 min saved

Nintendo's Profits Soar Thanks to Zelda and Mario

Nintendo has reported record-breaking profits for the first quarter, driven by the success of The Legend of Zelda: Tears of the Kingdom and the Super Mario Bros. Movie. Net sales increased by 50% to ¥461.3 billion ($3.2 billion), while operating profit rose by 82.4% to ¥185.4 billion ($1.3 billion). The release of Zelda and the Mario movie directly and indirectly contributed to the company's success, with Tears of the Kingdom selling 18.51 million units and the movie boosting Nintendo's mobile and IP related income by 190.1%. Although Switch console sales remained strong, speculation is growing about the announcement of a successor, with reports suggesting a new console is planned for the second half of 2024.

via The Verge|

#gaming #nintendo #record-profit