JSW Steel's 1Q unconsolidated Profit Drops 53% on Forex Loss
JSW Steel Ltd. (500228.BY) Thursday posted a 53% drop in its unconsolidated net profit for the fiscal first quarter as it booked a foreign-exchange loss of 5.92 billion rupees ($105 million).
Hungary Development Bank Secures EIB Loan for Slovak Gas Transit Project
Hungary's state-owned development bank, MFB Zrt., has secured a European Investment Bank loan to finance construction of a natural-gas transit pipeline between Hungary and Slovakia, MFB said in a statement Thursday.
Malaysia's AirAsia to Buy 49% Stake in Batavia Air
AirAsia Bhd (5099.KU) plans to buy a 49% stake in privately held Indonesian budget airline Batavia Air.
Fresnillo Appoints Octavio Alvidrez CEO Designate, Lomelin to Retire
Fresnillo PLC (FRES.LN), said Thursday that Octavio Alvidrez is to be appointed Chief Executive Officer designate, adding that Jaime Lomelin is to retire after 41-year career with Penoles and Fresnillo.
Hongkong Land Reports 1st Half Pretax Profit of $682.2 Million
Property investment company Hongkong Land Holding Ltd (H78.SG) Thursday reported a significant decline in first half pretax profit, but said that its commercial portfolio in Hong Kong is well positioned due to the lack of new commercial space entering the market.
Dairy Farm International 1st Half Net Profit +8%, Sees Satisfactory 2nd Half
Dairy Farm International Holdings Ltd. (D01.SG), a pan-Asian retailer with over 5,500 outlets, Thursday reported an 8% rise in net profit, raised its dividend by the same amount and said it expects to perform satisfactorily in the second half of the year.
ITC April-June Net Profit Grows 20% as Price Hikes Help
Cigarettes-to-hospitality company ITC Ltd. (500875.BY) Thursday reported a 20% jump in first-quarter net profit, helped primarily by price increases, underscoring resilient demand for consumer-goods makers in India despite a slowing local economy.
Chinatrust: Banking Unit CEO Michael DeNoma to Step Down Aug 1
Chinatrust Financial Holding Co. (2891.TW) said Thursday said Michael DeNoma, chief executive of its banking unit, Chinatrust Commercial Bank, will step down on Aug. 1 to pursue other career opportunity.
Saipem Secures $800 Million Contract in Nigeria
Saipem SpA (SPM.MI) said Thursday it has won a contract worth more than $800 million in Nigeria.
Centrica First Half Adjusted Profit Up 15%, Sees Challenges Ahead
U.K. utility Centrica PLC (CNA.LN) Thursday reported a 15% increase in adjusted operating profit for the first half of 2012 as cold April weather in its home market and higher average commodity prices pushed consumption and profits up, compared with weak results in the first half last year.