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Tag: profit

Nepal SBI post 13 per cent growth in net profit for FY19

Nepal SBI post 13 per cent growth in net profit for FY19

Finance
KATHMANDU: Nepal SBI Bank, a subsidiary of State Bank of India, has posted a Rs 229.25 crore net profit for 2018-19, registering a growth of 13.29 per cent. The bank mobilised total deposit of Rs 9,72.44 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank ahead of its Annual General Meeting. Speaking at a press briefing, Nepal SBI Managing Director Anukul Bhatnagar said that the banking sector of Nepal should jointly fight against possible cyber attack as leakage of information of one bank could jeopardize the performance of the entire banking system. The bank has decided to distribute 16.84 per cent bonus including 6 per cent bonus share and 10.84 per cent cash dividends from the last year's profit and accum...
Asos fashions board shake-up after profit alerts

Asos fashions board shake-up after profit alerts

Business
Asos, the online fashion retailer which has been buffeted by a series of profit warnings, will on Wednesday unveil a boardroom shake-up as part of an attempt to rebuild relations with investors.Sky News has learnt that Asos, which has seen its value more than halve during the past year, has recruited several new non-executive directors, including Luke Jensen, the boss of online grocery retailer Ocado's technology solutions arm. The new board members have been drafted in by Adam Crozier, who took over as Asos chairman in April. Image: Adam Crozier the Asos chairman has drafted in new board members Since Mr Crozier's arrival, the former City darling has issued its second profit alert in seven months, blaming a troublesome IT upgrade in ...
British Airways parent firm issues profit warning on £121m strike hit

British Airways parent firm issues profit warning on £121m strike hit

Business
The parent firm of British Airways has issued a profit warning on the back of costly strikes at the airline and weaker bookings.International Airlines Group (IAG) said the 48-hour action by pilots earlier this month, which forced the airline to scrap almost all its flights over the two days, cost it an estimated €137m (£121m). It also pointed to a €33m (£29.2m) cost from further passenger disruption as a result of threatened strikes by staff at Heathrow Airport.
Pornhub owners ‘profit from revenge porn’

Pornhub owners ‘profit from revenge porn’

Technology
Media playback is unsupported on your device The owners of porn streaming site Pornhub are profiting from "revenge porn" and failing to remove videos once reported, BBC News has been told.One woman, "Sophie", said she felt "violated" after a video featuring her was viewed hundreds of thousands of times when it was uploaded online.Campaign group #NotYourPorn said such content allowed Pornhub owners MindGeek to make greater advertising revenues.Pornhub said it "strongly condemns" revenge porn.It added it had "the most progressive anti-revenge-porn policy in the industry".It said it could not find "any record of any email" from Sophie asking for the videos featuring her to be taken down, but was now in touch with her and "looking forward to solvi...