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Apple profit soars on rocketing iPhone-iPad sales

SAN FRANCISCO: Apple's coffers continued to swell in the first three months of the year due to record sales of iPhones and iPad tablet computers, particularly in China and other parts of Asia.Apple reported on Tuesday that it made a profit of $11.6 billion on revenue of $39.2 billion in the quarter ended March 31….

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April 25, 2012

 

Smartphones power Samsung to record profit

SEOUL: South Korea's Samsung Electronics on Friday posted a record operating profit of 5.3 trillion won ($4.72 billion) in the fourth quarter, thanks largely to booming smartphone sales.The company, the world's largest technology firm by revenue, is battling US giant Apple for leadership of the global smartphone market.It credited its flagship Galaxy S2 and Galaxy…

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January 27, 2012

 

Futures down on profit-taking after rally

NEW YORK: Stock index futures fell on Friday as investors took profits a day after a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.On Thursday, the market soared 3 percent after a long-awaited agreement was struck to help contain the region's two-year debt crisis….

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October 28, 2011

 

Govt. making profit from flood donations: SBP report

Staff ReportISLAMABAD: Millions of deprived and helpless flood victims of Sindh are facing humiliation in wait of some aid while the government has started to make profit from last year’s 8 billion rupees deposited in Prime Minister’s Flood Relief Fund (PMFRF), SAMAA reported on Wednesday.Last year, the worst ever floods in the history of Pakistan…

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September 28, 2011

 

ECC raises profit margin for dealers, oil marketing companies

Staff ReportISLAMABAD: The Economic Coordination Committee (ECC) has approved 43 percent hike in margin of profit for dealers and oil marketing companies on petroleum products. The decision was made at a meeting chaired by Federal Finance Minister Dr. Abdul Hafeez Sheikh in Islamabad today. The committee also sanctioned 48 paisa increase on petrol in commission…

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August 16, 2011

 

Pakistan trade deal brings limited profit for Kabul

KABUL: A deal to open new export markets for Afghan products, by creating a tax-free transit corridor to India through Pakistan, is lopsided and may cement Islamabad's resented grip on the Afghan economy, traders and officials say. The U.S.-sponsored transit agreement which comes into effect next year allows Afghan trucks to drive tax free across…

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November 28, 2010

 

Privacy versus profit at Facebook

SAN FRANCISCO: Facebook's evolution from online club house to Internet powerhouse is raising fears that the social network is trading privacy for profit. The California company's recent move to become omnipresent with software “plug-ins” that let people's online communities follow them to any website is the latest iteration to raise hackles of privacy advocates. When…

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May 3, 2010

 

Apple net profit nearly doubles

CALIFORNIA: Apple proclaimed its best non-holiday quarter on record after nearly doubling its profit on “staggering” sales of iPhones and seeing legions converting to Macintosh computers. Revenue for the fiscal quarter ending March 27 vaulted to 13.5 billion dollars, nearly 50 percent more cash than the 9.08 billion dollars that the California-company took in during…

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April 21, 2010

 

Punjab asks for Rs 45b profit from electricity houses

Staff Report ISLAMABAD: Punjab has asked for the Rs 45 billion profit from the big and small electricity houses, said sources Tuesday. Initially Punjab was just asking for the Rs 21 billion profit of the past seven years from the Ghazi Barotha Hydel Power Project, but now it has included the smaller electricity houses e.g…

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November 17, 2009

 

NWFP govt allocates electricity profit

Staff Report PESHAWAR: The NWFP government has announced the priority sectors for the investment of the funds under the head of the net profit from electricity in a press conference in Peshawar Tuesday. The NWFP Chief Minister Ameer Hoti said that the Rs 110 billion received under the head of the net profit from electricity…

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November 3, 2009

 

Govt reduces profit in National Savings Schemes from April 1

Govt reduces profit in National Savings Schemes from April 1

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March 31, 2009

 
 
 
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