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Q3 Results: GAIL profit rises 121% on higher spot LNG prices

CFO News Room

State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4

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Overcoming the global slowdown with a super app strategy

Future CFO

The transportation sector was one of the worst hit by the pandemic. Present in over 500 cities across the eight Southeast Asian markets, Grab now operates more than just a transportation service. billion from $675 million a year earlier, narrowing the company's loss by 51% to $1.74 In 2022, total revenue grew 112% to $1.43

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Big Tech’s Big Profits For SoftBank

PYMNTS

Big tech, big bets and big profits. Individual gains and losses are hard to ascertain, and commentary mentions certain holdings as contributing to overall unrealized results. That 408 billion yen, net, comes in contrast to SoftBank’s filing that unrealized losses from companies such as Uber totaled 195.3 billion yen ($3.9

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Not business as usual: How COVID-19 reshaped the narrative for Malaysia Aviation Group

Future CFO

The company reported a post-tax profit of RM1.146 billion for the fourth quarter of 2022, its best-ever quarter performance in the past two decades, according to its group chief financial officer Boo Hui Yee. billion at the end of December 2022, and the full-year net loss after interest and tax dropped 79% to RM344 million from RM1.65

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Duncan Burgess, Global Finance Director

CFO News Room

After a few other job roles, he became UK finance director at taxi transport and technology company Gett in 2018. This meant everyone felt empowered to make the appropriate decisions to drive the company’s profitability”. “By “You have to enable your function to work alongside the business to be successful.” .

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US Airlines: 2020 Losses May Land Above $35 Billion

PYMNTS

Citing industry analysts, CNBC reported that Southwest, Delta and Alaska are likely to return to profitability during the course of 2021. Looming over any plan for airlines to return to profitability is the question of whether business travelers will return to the air. According to the recent post, U.S.

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The Outlook for Diesel: Supply Woes Aren’t Going Away Soon

CFO News Room

Retail diesel prices soared to an all-time high of $5.816 a gallon last June 19, part of the big run-up in energy costs following Russia’s invasion of Ukraine that strained transportation budgets and fed inflationary pressures.