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Britain’s Burberry hit by slowdown in luxury spending
By Paul Sandle LONDON (Reuters) -Britain’s Burberry said it was being hit by a global slowdown in luxury spending and it would struggle to meet its annual revenue forecast of low double-digit growth, with a knock-on impact on profit, if it continued. The company, which launched the first collection by designer Daniel Lee in September, […]
Burberry says being hit by slowdown in luxury spending
LONDON (Reuters) -Britain’s Burberry said it was being hit by a global slowdown in luxury spending, and if it continued it was unlikely to meet its revenue forecast of low double-digit growth for its current financial year, with a knock-on impact on profit. The company, known for its trench coats, on Thursday reported a sharp […]
Kossan Rubber shares climb after Q3 profit, analysts upgrade
KUALA LUMPUR – Kossan Rubber Industries Bhd reported on Wednesday a third-quarter net profit of 41 million Malaysian ringgit ($8.8 million), a significant turnaround following three consecutive quarters of losses. The improvement was largely due to enhanced cost-control measures and a decrease in raw material costs. Despite this profit, the company experienced a 28% drop […]
Kossan Rubber shares climb after Q3 profit, analysts upgrade
KUALA LUMPUR – Kossan Rubber Industries Bhd reported on Wednesday a third-quarter net profit of 41 million Malaysian ringgit ($8.8 million), a significant turnaround following three consecutive quarters of losses. The improvement was largely due to enhanced cost-control measures and a decrease in raw material costs. Despite this profit, the company experienced a 28% drop […]
Kossan Rubber shares climb after Q3 profit, analysts upgrade
KUALA LUMPUR – Kossan Rubber Industries Bhd reported on Wednesday a third-quarter net profit of 41 million Malaysian ringgit ($8.8 million), a significant turnaround following three consecutive quarters of losses. The improvement was largely due to enhanced cost-control measures and a decrease in raw material costs. Despite this profit, the company experienced a 28% drop […]
Kossan Rubber shares climb after Q3 profit, analysts upgrade
KUALA LUMPUR – Kossan Rubber Industries Bhd reported on Wednesday a third-quarter net profit of 41 million Malaysian ringgit ($8.8 million), a significant turnaround following three consecutive quarters of losses. The improvement was largely due to enhanced cost-control measures and a decrease in raw material costs. Despite this profit, the company experienced a 28% drop […]
Kossan Rubber shares climb after Q3 profit, analysts upgrade
KUALA LUMPUR – Kossan Rubber Industries Bhd reported on Wednesday a third-quarter net profit of 41 million Malaysian ringgit ($8.8 million), a significant turnaround following three consecutive quarters of losses. The improvement was largely due to enhanced cost-control measures and a decrease in raw material costs. Despite this profit, the company experienced a 28% drop […]
Kossan Rubber shares climb after Q3 profit, analysts upgrade
KUALA LUMPUR – Kossan Rubber Industries Bhd reported on Wednesday a third-quarter net profit of 41 million Malaysian ringgit ($8.8 million), a significant turnaround following three consecutive quarters of losses. The improvement was largely due to enhanced cost-control measures and a decrease in raw material costs. Despite this profit, the company experienced a 28% drop […]
Kossan Rubber shares climb after Q3 profit, analysts upgrade
KUALA LUMPUR – Kossan Rubber Industries Bhd reported on Wednesday a third-quarter net profit of 41 million Malaysian ringgit ($8.8 million), a significant turnaround following three consecutive quarters of losses. The improvement was largely due to enhanced cost-control measures and a decrease in raw material costs. Despite this profit, the company experienced a 28% drop […]
Monarch Mining evaluates proposals amid director resignations
TORONTO – Monarch Mining Corporation, a prominent gold mining entity, is navigating through financial challenges after creditor Investissement Québec (IQ) initiated a Companies’ Creditors Arrangement Act (CCAA) process. This move has placed Monarch under protection and triggered the resignation of several directors. The Toronto-based company, known for its extensive gold production history, has witnessed the […]
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