Q1 2019 earnings growth

Prices of staple farm produce drop sharply in Q1 The Saigon Times Daily A local farmer waters pepper plants in the southern province of Binh Phuoc. The pepper export price in the first quarter of 2019 declined by 27% versus the same period last year – PHOTO: VNA HCMC - The export turnover of local farm produce was reported at VND8.8 billion in the first quarter of the year, down almost 3% year-on-year. The fall was attributed to the two-digit falls in export prices of four staple farm produce items -- pepper, cashew, rice and coffee -- reported Thanh Nien newspaper. The pepper export price fell by 27%, the steepest price fall among the four products, with the value dropping 18% while the volume rose 19%. It was followed by cashew nut, whose average export price in the given period reached over US$8,000 per ton. The cashew export price declined by 21% versus the year-ago period, with the value dipping by over 17%. Rice came third, with an 18% decrease in export … [Read more...] about Prices of staple farm produce drop sharply in Q1

Multiple banks post strong earnings in Q1 The Saigon Times Daily A bank teller counts Vietnamese banknotes. Many banks report strong profits in the first quarter of this year - PHOTO: THANH HOA HCMC – Many banks in the country reported strong profits in the first quarter of 2019, with one of them earning VND5.9 trillion, according to the Nguoi Lao Dong news website. At the 2019 annual general meeting on April 23, Tran Minh Binh, general director of Vietnam Bank for Industry and Trade (VietinBank), said that the lender had earned some VND3.1 trillion in profit in the first three months of this year, up over 4% year-on-year, despite a drop in outstanding loans. Explaining the profit growth, Binh said that VietinBank had restructured its customer base with a focus on highly profitable segments. In addition, its earnings from non-credit activities had surged strongly. VietinBank’s shareholders at the meeting approved a plan to distribute over VND5.1 trillion worth … [Read more...] about Multiple banks post strong earnings in Q1

FMCG growth in value hits highest peak in Q1 By Thanh Thom Customers inspect goods at a supermarket in HCMC on March 28, 2019 – PHOTO: THANH HOA HCMC – The growth in value of the Vietnamese fast-moving consumer goods sector (FMCG) in the first quarter of 2019 rose to a four-year high thanks largely to the shopping spree during the Lunar New Year holiday, or Tet, according to Kantar Worldpanel. The market research firm said in its latest FMCG monitor report that despite the Lunar New Year season in February, Vietnam’s consumer price index was kept under control during the quarter, recording the lowest rate in three years. The domestic demand of consumer goods continued to thrive, posting robust growth of 13%. In the long term, the local FMCG market shows a continued slowdown in four key urban cities, namely the capital city of Hanoi, the central coastal city of Danang, HCMC and the Mekong Delta city of Can Tho, while seeing an impressive performance in rural areas. … [Read more...] about FMCG growth in value hits highest peak in Q1

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The first fiscal of 2021 marks the first time in nine quarters that Apple's Services segment increased revenue by more than 20 percent. Apple Music In Apple's quarterly earnings announcement on Jan. 27, the company announced Services revenue of $15.8 billion for the final three months of 2020, representing a 24% increase over the same period in 2019. "The steep integration of hardware, software and Services have always defined our approach here, and it has delivered an all-time quarterly Services record," Apple CEO Tim Cook said on the earnings call. "This was the first quarter of the Apple One bundle, which brings together many of our great Services into an easy subscription, and with new content being added to these services every day, we feel very optimistic … [Read more...] about Apple raked in record $15.8B in services revenue during Q1

AppleInsider breaks down every record Apple smashed in its gargantuan fiscal quarter ending in December 2020. Apple's first fiscal quarter was one to remember, breaking records left and right on its way to a staggering $111.4 billion in total revenue. While that number was the biggest takeaway, it was far from the only record the company shattered. Total revenue Apple brought in a staggering $111.4B in Q1 2021 During the 1Q 2021 financial quarter, Apple raked in $111.4 billion in total revenue. This is the first time the company has passed $100 billion for a quarter, breaking its previous record of $91.8 billion in the prior year's December-ending quarter. It's all the more surprising that Apple did this during a global pandemic, as many working families cut down on luxury purchases. Impressive iPad and Mac sales boosts may have partially reflected the greater need for work-from-home and Zoom-friendly computing devices. However, the iPhone continued … [Read more...] about Ten records Apple broke in its historic holiday 2020 quarter