Tiger Airways Holdings Limited has said that it has recorded an operating profit of $12.7 million during the fourth quarter of the financial year.
It seems that HTC Corporation has been witnessing a tough time. It has been said so as already the company has been facing a grim competition from Samsung and Apple and now, a decline in the net profit has been registered.
The Taiwanese manufacturer is said to have suffered a loss in net profits by 91.5%. One of the main reasons for the slump in the net profits is said to be delay in the launch of company's new smartphone.
A recent report has confirmed that the Sprint Nextel Corporation has come out with its fourth quarter financial report. It has been mentioned that the country's third-largest wireless carrier has lose some $1.3 billion in the same, which is quite similar to that a year ago.
The release of the DROID DNA-like devices by HTC has been turning around the company's fortunes, seemingly, a recent report says. Since, the financial figures the company has released for November have been significantly up from the earlier figures.
In a statement given by the largest bank of France, B. N. P. Paribas, on Wednesday, it has been revealed that there has been a rise in the net income during the third quarter, which is almost twice the previous one. The bank gives the credit to its investment banking unit, which showed a significant performance, which helped the bank make it to its capital adequacy benchmark before the expected date.
It is considered to be the biggest lost till date for Panasonic Corp. It has been found that the company has witnessed a loss of approximately $9 billion, which continued for three months. Experts were of the view that one of the main reasons for such a massive loss is considered to be the restructuring costs.