Samsung flags 80pc jump in third quarter operating profit

Samsung Electronics reported Tuesday its net profit had risen 5.9 percent year-on-year in the first quarter to 7.57 trillion won ($7.3 billion) but operating profit declined for the second straight quarter on slowing smartphone revenue.

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>Exim Bank Group’s second-quarter pretax profit rose by 80 per cent to Sh9.6 billion.

Tanzania Cigarette Company Ltd (TCC) has reported a 9.2 per cent decline in profit after tax mainly due to higher operating costs.

Exim Bank Tanzania Chief Finance Officer, Mr. Selemani Ponda (Centre) briefs journalists at a news conference to announce the bank’s financial results for the first quarter of 2014 in Dar es Salaam Looking on is Head of Treasury, Mr. George Shumbusho (first left) and Seniour Finance Manager, Mr Issa Hamisi (first right). The EXIM Bank Group 1st quarter (Q1) 2014 pretax profit rose by 42% to TZS 6.4 billion from the same period last year as per recently published results.
“We are pleased...

DCB Commercial Bank recorded a Sh3.61 billion profit during its fourth quarter to December 31 last year, being a 44.5 per cent increase compared to the quarter before.

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