Business Gain

LT group profit drops 63% at P4B

LUCIO C. Tan LT Group, Inc. (LTG) attributable net profit in the first six months fell 63% to 3.73 billion pesos from 10.03 billion pesos last year. “This is mainly due to the increase in provisions for credit losses recorded by its banking subsidiary and the elimination of the gain on disposal of real estate assets at the consolidated level,” ...

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Buffett’s Berkshire Hathaway boosted by US economic rebound | Business and Economy News

Warren Buffett’s Berkshire Hathaway Inc. is reaping the rewards of the US economic recovery. The conglomerate’s collection of manufacturers and retailers rebounded in the second quarter after being hit hard by the pandemic that ravaged the United States last year. The group of companies posted their second-highest quarterly profit on record dating back to mid-2009 and contributed to a 21% ...

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Debt, not coal, earns $ 388 million in profit for Adani

Controversial coal miner Adani Mining posted an annual profit of $ 388.4 million in Australia without selling as much as a bucket of coal, thanks to a stronger Australian dollar against the US greenback. In its financial accounts on file with the corporate regulator, Adani Mining said it generated revenue of just $ 8 million – most of it from ...

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