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TikTok Irish arm returns to profit, revenues $862m

The Irish arm of social media giant TikTok last year returned to profit to record pre-tax profits of $173.58m.

Profits at Verizon Irish unit increase by 52% to $1.44bn

Pre-tax profits at the main Irish unit of US telecommunications giant, Verizon Communications last year increased by 52% to $1.44bn (€1.23bn)

Business • 11 Jul

Those businesses involved in exporting reported strong trade

Microbusinesses facing profitability pressures - survey

Microbusinesses with three or less employees are under severe pressure, particularly when it comes to profitability, a new survey has found.

Business • 21 Aug 24

Apple has had operations in Cork for over 40 years

Profits at Irish Apple subsidiary rise to $69.3bn

Pre-tax profits at the main Irish subsidiary of iPhone maker Apple increased last year by 2% to $69.3 billion.

Business • 07 Apr 23

The company paid €63.2m in tax on its 2018 profit

Facebook's Irish profits rose 43% last year

Facebook Ireland made a profit before tax of €361.3m in 2018 on revenues of €25.5bn.

Business • 25 Nov 19

In June NAMA said it may beat its €2.3 billion surplus forecast if growth held up, without providing more details

NAMA set to make €3 billion profit - Bloomberg

NAMA, which took over billions of euro of bad bank loans following the financial crisis, will probably make a lifetime profit of about €3 billion, according to Bloomberg – which cites an unnamed source.

Business • 21 Sep 16

Volkswagen takes charge of €2.2 billion in the first six months of the year in relation to engine-rigging scandal

VW takes €2.2 billion charge in H1 after scandal

Embattled German car giant Volkswagen said today it booked a charge of €2.2 billion in the first six months of the year in relation to engine-rigging scandal.

Business • 20 Jul 16

Rolls-Royce comfortable with its outlook for the year, despite the Brexit vote.

Rolls-Royce says committed to UK

British engineering company Rolls-Royce confirmed its commitment to the UK in the wake of the country's vote to leave the EU, as it said it was comfortable with its outlook for the year.

Business • 28 Jun 16

JD Sports said its headline profit before tax and exceptional items rose to £157.1m

JD Sports' full year profits jump by 57%

Sports retailer JD Sports Fashion has reported a 57% jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge.

Business • 14 Apr 16

Buberry CEO Christopher Bailey, right, next to his predecessor Angela Ahrendts

Burberry shares tumble on lower profit guidance

Shares in British luxury goods maker Burberry have tumbled after it cut its annual profit guidance, hit by foreign exchange volatility and subdued demand in Hong Kong and the United States.

Business • 20 May 15

GSK sold its oncology business to Novartis for $16bn

GSK sees quarterly profit soar after Novartis deal

British drugmaker GlaxoSmithKline said its net profit rocketed in the first quarter on a vast exceptional gain following a deal with Swiss peer Novartis.

Business • 06 May 15

An Post saw revenues rise after an increase in postal rates and better income from ancillary services

An Post reports operating profit of €5.9m for 2014

An Post has reported an operating profit of €5.9m for last year – compared to a €11.5m loss in 2013.

Business • 30 Apr 15

Reports suggest limited interest in HTC's latest flagship smartphone

Struggling HTC posts quarterly profit

Taiwanese smartphone maker HTC has posted weaker-than-expected results for the first three months of 2015, while still managing to notch up a fourth successive quarterly profit.

Business • 07 Apr 15

Samsung hopes its latest smartphones will help it regain ground lost to premium and low-end rivals

Samsung forecasts improved quarterly profits

Samsung Electronics has signalled better-than-expected profits for the first quarter, with rising demand for memory chips helping offset slumping smartphone sales.

Business • 07 Apr 15

Margins at Standard Life's annuity business fell following reforms to the sector in Britain

Standard Life profits up 19% despite UK reforms

A move into asset management helped to drive a 19% rise in operating profit for Standard Life in 2014, offsetting a hit to annuity sales from British pension reforms.

Business • 20 Feb 15

Nissan's profits for the nine months to December was up 23.6%

Nissan raises profit forecast on cheaper yen

Nissan has raised its full-year net profit forecast to $3.5bn, thanks to cost cutting efforts and a cheaper yen.

Business • 09 Feb 15

Profit was down in the quarter but 16% higher in the first nine months of the year as a whole

Airbus profits fall 41% in third quarter

European aerospace giant Airbus said its profits had nearly halved in the third quarter, as it ran into headwinds from adverse foreign exchange moves.

Business • 14 Nov 14

Samsung's smartphone sales have been hit by increased competition at the high and low ends of the market

Samsung reports 50% fall in Q3 profit

Samsung has reported a near 50% fall in third quarter net profit, as its key smartphone business faltered amid growing competition from Chinese firms in the increasingly saturated market.

Business • 30 Oct 14

McDonald's is one of a number of US fast food chains hit by a food scandal in China

McDonald's reports 30% fall in quarterly profit

McDonald's has reported a 30% fall in quarterly profit, hurt by a food scandal in China and intense competition in the United States.

Business • 21 Oct 14

Tesco overstated its expected first-half profit by an estimated €250m

Tesco shares drop after accounting error

Tesco has lowered its forecast for the first half of the year by £250m, its third warning this year, after finding a fault in its accounts.

Business • 23 Sep 14

Fyffes said it now expects to make a bigger annual saving from its merger with Chiquita

Fyffes sees 40% jump in pre-tax profit

Irish fruit group Fyffes has seen its pre-tax profit rise to €31m in the first half of 2014, according to its latest results, up 40% on the same period of last year.

Business • 27 Aug 14

Severe weather over the winter - and during February - has hit FBD Holdings' profits

FBD Holdings sees sharp drop in pre-tax profit

Insurance group FBD Holdings has reported a sharp decline in pre-tax profit during the first six months of the year, down 82.8% to €3.27m.

Business • 26 Aug 14

Late last year Ulster Bank moved around €10.8bn worth of assets to RBS's 'bad bank'

Ulster Bank sees €84m profit during H1 2014

Ulster Bank has reported an operating profit of €84m for the first half of 2014.

Business • 01 Aug 14

The level of write downs on Bank of Ireland's bad debts fell 43% during the six month period

BoI had profit of €399m in first half of 2014

Bank of Ireland has reported a pre-tax profit of €399m for the first half of 2014.

Business • 01 Aug 14

Domino's Pizza was boosted by online sales as well as the recent World Cup

Domino's posts 10% rise in first half profit

Domino's Pizza has posted a 10% rise in first half profit as improved marketing and promotions drove up sales, though the firm said its expansion in Germany was still proving troublesome.

Business • 29 Jul 14