Company Earnings Announcement
Sheng Siong Group Ltd, one of the largest supermarket chains in Singapore, registered a 20.8 percent year-on-year (yoy) increase in net profit to SGD8.5 million (USD6.7m) for the second quarter ended on 30 June 2013.
The supermarket operator said on Tuesday that revenue increased 8.7 percent yoy to SGD159.8m for the second quarter, largely because of the increased contribution from new stores of SGD20.1m.
French supermarket operator Carrefour said on Thursday that sales in Asia returned to growth in the second quarter of 2013 even though its business in Europe continued to be impacted by weak consumption.
Excluding currency shifts and gasoline, sales in Asia grew 4.2 percent to EUR 1.69 billion (USD2.21b) in the second quarter from the same period last year. Taiwan and mainland China's sales both improved during the period. Total sales of the group advanced 1.4 percent to EUR20.46b.
eBay Inc. reported USD3.9 billion in revenues in the second quarter ended 30 June 2013, up 14 percent increase compared to the same period of 2012.
Total company Enabled Commerce Volume (ECV) grew 21 percent for the quarter to USD51 billion, which the company attributes to the power of its global commerce platforms. Marketplaces, PayPal and eBay Enterprise connect merchants, retailers and brands of all sizes with consumers everywhere.
Meanwhile, cross-border trade in the second quarter was USD11 billion, representing 22 percent of the company's total ECV.
Gap Inc. reported an 8 percent increase in net sales for June 2013.
Net sales for the five-week period ended 6 July 2013 were USD1.53 billion compared with net sales of USD1.41 billion for the five-week period ended 30 June 30 2012.
Gap said due to the 53rd week in fiscal year 2012, June 2013 comparable sales are compared to the five-week period ended 7 July 2012. On this basis, Gap Inc.’s comparable sales for June 2013 were up 7 percent versus flat for June 201
Liberty Shoes Ltd on Monday said it is eyeing 25 percent growth in sales in the current financial year on the back retail expansion. The company, which had net sales of Rs 362.86 crore (USD259.9 million) last fiscal, plans to open 75 more stores in this calendar year, in addition to 25 stores opened in the first half of 2013.
Gap reported that its net sales for May 2013 increased 11 percent compared with the same period last year.
Net sales for the four-week period ended 1 June 2013 were USD1.22 billion compared with net sales of USD1.10 billion for the four-week period ended 26 May 2012.
“We are pleased with the positive customer response to summer product across our brands and the continued momentum in the business,” said Glenn Murphy, chairman and chief executive officer of Gap Inc.
Ralph Lauren Corp. is reporting a 35 percent increase in fourth-quarter profit, but economic challenges and certain strategic initiatives have cut into sales.
The New York-based company is reporting net income of USD127.2 million, or USD1.37 per share, for the three months that ended on 30 March.
That compares with USD94.4 million, or 99 cents US per share, a year earlier.
Gap Inc. is reporting a 43 percent increase in first-quarter earnings as the clothing chain's turnaround continues.
The San Francisco-based clothing retailer, which operates the Gap, Old Navy and Banana Republic clothing chains, says it earned USD333 million, or 71 US cents per share, for the three-month period ended on 4 May.
That compares with USD233 million, or 47 US cents per share, in the year-ago period.
Gap Inc. reported a 7 percent increase in net sales for the first quarter of fiscal year 2013.
Glenn Murphy, chairman and chief executive officer of Gap Inc., said the sales performance was led by its largest brands Gap and Old Navy.
Net sales for the first quarter, which ended 4 May 2013 were USD3.73 billion compared with USD3.49 billion for the first quarter last year.
Breadtalk Group on Wednesday said its net profit for the fiscal first quarter ended on 31 March rose 14.9 percent year on year to SGD1.62 million (USD1.32m) from SGD 1.41 million.
Turnover was up 13.4 per cent to SGD 120.28 million, from SGD 106.10 million a year earlier.
Earnings per share were 0.58 cent, up from previous year's 0.50 cents.
The counter finished trading unchanged at 99.5 cents.
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