4h ago
Samsung retail investor group ACT pushes for extraordinary meeting on $31.79 billion buyback and bonus caps
South Korean retail shareholder platform ACT is seeking to convene an extraordinary shareholders’ meeting at Samsung Electronics to back a 45.5 trillion won ($31.79 billion) share buyback programme and set a cap on executive performance bonuses. To trigger the meeting, ACT plans to gather electronic signatures and line up support from the National Pension Service and domestic and overseas asset managers to meet the 3% ownership threshold. The campaign comes after Samsung shares fell by more than a third from record highs in June despite the artificial intelligence boom, Reuters reported.
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4h ago
Keystone Realtors shares rise 9% after Q1 profit jumps to ₹53 crore and EBITDA margin expands to 17.5%
Keystone Realtors reported fiscal 2024 first-quarter revenue of ₹470.3 crore, up 72.2% year on year. EBITDA climbed to ₹82.2 crore from ₹13.7 crore, lifting the EBITDA margin to 17.5% from 5%. First-quarter collections rose 4% to ₹599 crore. The results helped drive the stock up 9% on the day, signaling investor approval of improved profitability and operating efficiency.
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4h ago
BP posts $5.73bn Q2 net profit, highest since 2022, as Middle East war lifts oil prices
BP said its net profit for the second quarter of 2024 rose to $5.73bn, the company’s highest quarterly level since 2022. BP attributed the jump to higher oil prices driven by war in the Middle East, with Brent crude averaging $103.85 a barrel during the period, up 53% from a year earlier. The company also said it will divest its US renewable natural gas business Archaea as it pivots further back toward its core oil and gas operations.
4h ago
4h ago
Crawford posts $13.4 million Q2 FY2026 profit as international margins rise despite softer US claims
US claims management firm Crawford & Company reported fiscal 2026 second-quarter revenue before reimbursements of $321.4 million, little changed year on year. Net income rose 73% to $13.4 million, while operating profit increased 48.2% to $10.9 million and the operating margin improved to 7.9%. The gains were driven mainly by higher weather-related claims activity in Australia, Asia and Canada. The company also recorded a $1.3 million net loss on disposal.
4h ago
4h ago
Toyota posts ¥1.48 trillion quarterly net profit as weak yen and overseas demand lift results
Toyota reported net profit of 1.48 trillion yen for fiscal 2024 first quarter (April–June), up 76% from a year earlier, on revenue of 13.5 trillion yen, up 10%. A weaker yen generated 345 billion yen in foreign-exchange gains, providing a significant boost to earnings. Global sales slipped slightly to 2.39 million vehicles, but the company raised its full-year sales outlook to 9.7 million vehicles. The results underscore how yen depreciation can benefit Japan’s export-heavy firms and is seen as a direct positive for Japan’s equity market and related stock indexes.
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Elitecon International hits 10% upper circuit at Rs 18.94 on August 4, 2026 as volumes jump 3.11x
Shares of FMCG company Elitecon International surged in early trade on August 4, 2026, with turnover rising 3.11 times and the stock hitting a 10% upper circuit at Rs 18.94. The move marked a second straight session of upper-circuit gains, taking the two-day advance to more than 17%. The spike came as India rolled out a new auction mechanism for shares with futures and options (F&O) contracts, while Sensex and Nifty traded in opposite directions. The company’s market capitalisation stood at Rs 3,003.58 crore.
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4h ago
Emami Q1 net profit falls to ₹1.4B as revenue rises to ₹10.4B year on year
Emami’s Q1 FY2024 results showed consolidated net profit of 1.4B rupees, down 14.6% year on year, even as revenue rose 15.6% to 10.4B rupees. EBITDA edged up to 2.45B rupees, but the EBITDA margin narrowed to 23.54% from 26.08%. The shrinking margin points to pressure on profitability despite higher sales. The update relates to a single listed equity and may directly affect the company’s stock performance.
4h ago