Category - Financial Accounting

• Precision Drilling seeing boost in demand as TMX start nears
• American Airlines reports $312M loss as labor expenses climb with new contracts
• Ford's Q1 net income falls 24%
• MICROSOFT BEATS QUARTERLY REVENUE ESTIMATES
• Airbus net profit soars 28% in January-March
• Emirates NBD profit surges 67% to Dhs6.7b in first quarter
• Tshwane mayor needs support
• Mashreq’s Q1 net profit climbs 25% to Dh2b in 2024
• Auto sector is becoming the next BFSI for India’s IT services firms
• POWER UNIT BOOSTS ABOITIZ BOTTOM LINE BY 22%
• MediaTek expects 15% revenue growth
• Meta shares fall on weaker forecast and higher Reality Labs charge
• Cordlife independen­t auditor to retire after issuing disclaimer of opinion on financials
• Bajaj Fin Q4 hit by rural loan losses, RBI curbs
• Overseas Realty records Rs. 1.83bn PBT for 1Q24
• Meta more than doubles profit
• FCB lifts profit 26% after income rise
• SPECIAL AUDIT REPORT POLITICAL
• AstraZenec­a profit up on strong sales of cancer drugs
• Change in China as PwC gets burned in Beijing’s great property bust
• As profit dips, TechM sets in motion plan to raise margins
• HUL recovery path to be gradual
• Maruti Suzuki Q4 net vrooms 47% as sales rise, input cost eases
• Tech Mahindra March quarter net profit tanks 41% to ₹661 crore
• HUL recovery path to be gradual
• HCL Tech Q4 net profit flat at ₹3,986 crore
• Vedanta misses Q4 profit estimates
• Nestle India Q4 net profit up 27% on sales growth across range
• Goolsarran maintains that audit report on US$7.4b in Exxon’s expenses lacks structure
• Olectra Greentech Ltd PAT jumps 17.1% to ₹ 76.83 crore in FY2023-24
• GSIS posts P37-B net income in Q1
• ESL confronts Sugar Industry Group over unpaid debts
• UPS SAYS IT’S SLASHING 12,000 JOBS
• Tusla failed to recoup almost €1m in overpaid wages, auditors found
• Nestlé beats profit estimates, launches JV with Dr Reddy’s
• Vedanta posts Q4 net profit of ₹1,369 crore
• Google parent’s stock price soars as it reports growth in quarter
• PBBM extends employment of contractua­l gov’t workers
• Maragondon flagged by CoA over missing project tarps
• Loans, deposits push major Abu Dhabi lenders to higher profits