The Tax Office has fallen short of budget revenue targets by $4.2 billion, its 2017 annual report shows. The 20,435-strong organisation also reported it continued to cut deals with the top end of down, rather than heading to court. The ATO continued to settle disputes rather than head to court Over the past financial year the ATO initially…
Cavalier Corp, the struggling New Zealand carpet maker, expects earnings to improve this financial year and next as it reaps the benefits from restructuring its manufacturing operations, a lower wool price and reducing debt. The Auckland-based company posted a loss of $2.1 million in the 2017 financial year from a profit of $3.1 million in…
Why it matters to you As Nikon continues restructuring, it achieved a profit increase, but only from closing a plant that made compact cameras. Imaging giant Nikon is closing one of its manufacturing centers. On Monday, October 30, Nikon announced the closure of the subsidiary Nikon Imaging China Co. Ltd. (NIC) as part of a…
DALLAS–(BUSINESS WIRE)–DexYP*, one of the largest national providers of local business automation software, today announced financial results for third quarter 2017. Key highlights for DexYP: Generated $568.2 million of Pro Forma Net Revenue Achieved $139.3 million of Adjusted Pro Forma EBITDA, a 24.5% EBITDA margin Produced $54.1 million of Free Cash Flow and reduced Net…
Net revenues increased 2.1%; Organic Net Revenue1 increased 2.8% Operating income margin was 18.1%, up 710 basis points; Adjusted Operating Income1 margin was 16.9%, up 130 basis points Diluted EPS was $0.65, up 86%; Adjusted EPS1 was $0.57, up 12% on a constant-currency basis DEERFIELD, Ill., Oct. 30, 2017 (GLOBE NEWSWIRE) — Mondelz International, Inc.…
Due to the drastic contraction of digital camera sales resulting from consumers’ changing habits, leading Japanese digital camera maker Nikon announced on Monday it was shutting down its plant in Wuxi, East China’s Jiangsu province. Nikon Imaging (China) Co Ltd (NIC) was established in Wuxi in 2002 and was responsible for the manufacturing of digital…
HONG KONG (AFP) – Pre-tax profit at banking giant HSBC leapt fivefold in the third quarter to US$4.6 billion (S$6.28 billion), the company said on Monday (Oct 30), as business booms in Asia and a huge restructuring drive bears fruit. The massive jump in pre-tax profits came weeks after a new chief executive was unveiled…
Initially, the departure of Lionsgate COO of International Andrew Kramer from the companys Motion Picture Group last week was reported as the byproduct of restructuring prompted by the hiring of the Groups new co-president Joe Drake. However, according to The Hollywood Reporter, Kramers departure also reportedly follows an incident of alleged sexual-harassment against a female…
Earlier this month the bosses of seven of the UKs largest wholesalers argued that the deal threatens the survival of the independent retailer and called on the CMA to block the deal. The wholesalers, which include the countrys largest buying group Todays Wholesale Services, Spar, Bestway, Bidfood, Landmark, Confex and Sugro, argued that the Booker…
by Rana Foroohar Does corporate governance matter? Or, to be more precise, do investors really care about it? This is a question that I have been pondering for two reasons. First, huge amounts of passive investment has made questions about corporate decision making irrelevant for many investors. When you are just tracking the index, you…