(Adds details, quotes) By Margarita Antidze and Nailia Bagirova BAKU, June 4 (Reuters) - Azeri state energy company SOCAR said on Tuesday its net profit fell to 1.2 billion manats ($706 million) in 2018 from 2.1 billion manats a year earlier, while operating profit rose to 3.6 billion manats from 2.5 billion. The company’s revenues rose to 111.2 billion manats from 92.6 billion manats, while spending increased to 107.6 billion manats from 90 billion manats, it said in an annual financial report audited by Ernst & Young. “The company completed a third straight year of profit, despite a rise in spending due to a doubling of profit tax and exchange-rate fluctuations in a number of countries where SOCAR operates,” SOCAR vice president Suleyman Gasimov told Reuters. He added that the rises in revenue and spending were mainly attributable to SOCAR’s trading arm, SOCAR Trading. Gasimov said the rise in profit tax stemmed from an increase in SOCAR’s … [Read more...] about UPDATE 1-Azeri SOCAR says net profit fell to $706 million in 2018
Profit warnings 2018
Email By business reporter Nassim Khadem Posted October 30, 2018 16:05:02 Photo: Businesses are increasingly targeted by cyber crime. (Supplied: Accenture) Related Story: Nearly half of Australian companies hit by customer fraud, cyber crime Related Story: Inside the bunker where Westpac wages a nightly battle on the frontline of cyber war Related Story: Chinese hackers infiltrate systems at ANU Map: Australia Australian businesses and households are at increased risk of cyber attacks, says RBA assistant governor Michele Bullock, and this could threaten financial system stability.Ms Bullock told the 10th Annual Commonwealth Bank Global Markets Conference in Sydney that while a sharp contraction in global growth was also a threat, concerns were mounting about Australia being vulnerable to financial losses, disruption or reputational damage from a malicious breach of a firm's information systems."Cyber-attacks are becoming more organised and sophisticated," she said. "It … [Read more...] about RBA warns Australia is at higher risk of cyber attacks
(Reuters) - Lockheed Martin Corp (LMT.N) said on Tuesday it was working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week to remove Turkey from the fighter jet program. FILE PHOTO: The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier/File Photo On a post-earnings call, Lockheed’s chief executive officer said the company would be able to remove Turkey from its manufacturing supply chain by March 2020. “We’ve been working to wind down the Turkish industry involvement and so we have a timeline that we’re working towards ... it’s out through March of 2020 that we think it will all be resolved,” CEO Marillyn Hewson said. The Pentagon pulled off Turkey from the F-35 program on security concerns after its decision to go ahead with purchase of a Russian missile defense system. … [Read more...] about Lockheed to move F-35 jet parts sourcing to U.S. from Turkey
By Monsuru Olowoopejo LAGOS—A United Nations consultant, yesterday, warned youths against engaging in discrimination and hate crime ahead of 2019 general elections The UN consultant argued that rather than engage in discrimination and hate crimes, Nigerians especially the youths, should engage in political activities that can assist them in contributing their quota to the country’s development. The warning was issued at the fourth Lagos Regional Secondary Schools Model United Nations, LARSSMUN, conference organised by a UN consultant, Nigerian Model United Nations Society, NIGMUNS, in Ikeja. Media practitioners are co-actors of devt., deserve society’s protection – Obaseki Speaking on behalf of the UN consultant, Chairman, Nigerian Model United Nations Society, NIGMUNS, Chika Nwaozuzu, said: “Here at this conference, the delegates disagreed over issues but after several disagreements, they found a common ground that suits all. That is … [Read more...] about 2019: Nigerians must kick against hate crime, discrimination — UN
Amit Shah requested Adityanath to tighten the reins of the HYV's activities, now that he was CM. IMAGE: Uttar Pradesh Chief Minister Ajay Singh Bisht -- aka Yogi Adityanath -- being garlanded by Bharatiya Janata Party supporters. Photograph: ANI Photos The first compromise people noticed was the food. Yogi Adityanath is a mahant, a holy man. He is prohibited, for pollution-purity reasons, from eating just anywhere. As MP, he would be invited by voters and constituents for meals and his supporters would warn them in advance: 'Maharajji khana nahin khayenge....' He might have a piece of fruit or a nut or two, but nothing more. Now, along with Bharatiya Janata Party President Amit Anilchandra Shah, the mahant of the Gorakhnath temple is eating everywhere: You can see him squatting and eating with Yadavs, Dalits... Unthinkable in the past. But he has to.His supporters can see that a crucial rule has been broken. He explained gruffly to one of them that he was no longer just a mahant of the … [Read more...] about Will Yogi’s Hindu Yuva Vahini shut shop?