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Net profit of the second after Visa payment system in the world increased 4.5 times in the fourth quarter of 2018 and amounted to $900 million compared to $200 million in 2017. Earnings per share rose to $0.87 versus $0.21 a year earlier. Adjusted earnings per share increased from $1.14 to $1.55. Expert forecasts were lower - $1.52 per share. MasterCard increased revenue by 15% - from $3.3 billion to $3.8 billion. The volume of payments with the usage of the system grew by 14% in the fourth quarter and totaled $1.5 trillion. The number of transactions through MasterCard increased by 17%. In the third quarter, the company bought back its shares for $888 million. By the end of January 2018, 2.5 billion cards were issued under the Maestro and MasterCard brands. Last year, the company increased its profit by one and a half times, and its revenue - by 20%. MasterCard capitalization jumped 18% to $205.77 billion.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
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