BHP Billiton – Co. saw its FY2011-12 results ended 20 June 2012 post revenues at USD 72.226 b, a rise of 0.7 percent on a y/y basis. Profits came in lower at USD 15.417 b on lower demand for commodity prices, but above estimates of USD 14.6 b.
The co. is to give out a dividend of 57 cents a share. (IR, BHP billiton)
Sony 1Q12 operating profit for period ended 30 June came in 77 percent lower on a y/y basis to JPY 6.28 b (USD 80.27 m) vs exp of JPY 17.6 b. The massive declined was mainly due to slowing economy lowering the demand for TV sets and other devices. It also faced intense competition from other firms which also was a factor for the earnings this period.
The co. was forced to cut its forecast for FY12-12 to JOY 130 b vs estimates of JPY 139 b. The co. stated that lower demand means it expects to sell around 12.5 m TV sets this year. (CNBC)
Nomura Holdings – Co. saw its 1Q12 profits decline on the performance of its mutual fund division and brokerage commissions. The probe on charges of insider trading also affected the co.
Net earnings declined to JPY 1.89 b (USD 24.2 m) vs previous year’s profit of JPY 17.7 b. Forecasts came in at a profit of JPY 500 m.
Mutual funds division revenues saw a 19 percent y/y decline and its brokerage divisions suffered on account of the suboptimal conditions in the global equity markets. (Bloomberg)
ASIAN EARNINGS
Posco – Co. reported consolidated 2Q12 net profit at KRW 466b vs. estimated KRW 872.3b vs. previous KRW 1.372t. Co. is looking for KRW 70.4t in consolidated sales in FY 2012 vs. previous KRW 68.939t. (FoxBusiness)
Sony Corp – Co. reported FY11-12 net loss of JPY 456.7b vs. previous JPY 259.6b in FY10-11. Operating loss for FY11-12 at JPY 67.3b vs. estimated JPY 95b. Co. forecasted an operating profit of JPY 180b for FY12-13 vs. estimated JPY 173b; while FY12-13 net profit forecasted at JPY 30b. According to Fitch rating agency co.’s profits will remain under pressure due to falling demand in Europe and stronger Yen. (BBC/Reuters)
Singtel – Co. reported 1Q12 profit at SGD 1.29b vs. previous 1Q11 at SGD 992m. Revenue at SGD 4.78b vs. previous SGD 4.64b. Profits were boosted by SGD 270m tax credits. Excluding tax credits profit was reported at SGD 1.02b. (Economic Times/AP
Toyota Motors Corp – Co. reported 4Q11-12 operating profit at JPY 238.5b (USD 2.99b) vs. estimated JPY 223b. Net profit at JPY 121b vs. previous JPY 25.4b. FY12-13 guidance raised to JPY 1 trillion (USD 12.54b) vs. estimated JPY 990b. Sees FY12-12 Net profit at JPY 760b vs. JPY 284b in year ended 31 March 2012. (Reuters)
Metro Pacific Investments – Co. reported 1Q12 net profit a PHP 1.57b vs. previous 1Q11 at PHP 820m. Core Net income at PHP 1.59b vs. previous PHP 1.13b. Revenue at PHP 3.75b vs. previous PHP 3.09b. (Fox Business/Dow Jones Newswires)
ASIAN EARNINGS
China Telecom Corp. – Co. posted 1Q12 profit at RMB 4.27 b (USD 677 m), a 6.5 percent decline over RMB 4.57 b a year ago. The number missed analyst estimates of RMB 4.45 b, as the introduction of Apple Inc.’s iPhone increased costs to add subscribers to its wireless unit. Revenues came in at RMB 67.9 b, 16 percent rise over RMB 58.7 b and also exceeded estimates of RMB 67.3 b. The company’s subscriber base rose to 135.8 m for March with 43.6 m 3G users. (Bloomberg)
PetroChina – Co. reported 1Q12 net income at RMB 39.2b vs. expected RMB 34.8b. (NY Times)
Nomura Holdings reported higher profitsfor 4Q11 at JPY 22.1 b (USD 273 m) vs. JPY 11.9 b a year ago, exceeding estimates of JPY 14.4 b. Gains from its trading operations offset its investment banking operations.
Revenues rose to JPY 565.4 b for the quarter from JPY 365 b a year earlier. Trading profit increased to JPY 98.9 b vs JPY 68.7 b previous.
Investment Banking fee fell to JPY 14.8 b from JPY 27.8 billion previous.
For FY12 period, Nomura reported net revenue of JPY 1.5 t(USD 18.6 b), income before income taxes came in at JPY 85 b.
(Bloomberg)
