Titan Company declared their Q4 results on 03 May, 2024. The topline increased by 20.6% & the profit increased by 5.62% YoY. Compared to the previous quarter, the revenue declined by 11.79% and the profit decreased by 26.78%. The Selling, general & administrative expenses declined by 9.41% q-o-q & increased by 4.66% Y-o-Y. The operating income was down by 26.79% q-o-q.
Open FlipRenewed hopes for a second rate cut in 2024 emerged following a weaker US labour report, giving markets some reason to celebrate in this anxiety-driven week ended May 3. Disappointing data releases from the US, coupled with a less hawkish stance from the Federal Reserve, pushed the dollar lower towards the 105 levels. ISM Manufacturing PMI contracted to 49.2 in April from 50.3 in March.
Open FlipBritannia Industries announced their Q4 results on 03 May, 2024, reporting a 1.15% increase in revenue year-over-year. However, the company saw a 3.65% decrease in profit compared to the same quarter last year. Quarterly, the revenue declined by 4.39% and the profit decreased by 3.25%. Operating income was down by 4.4% quarter-over-quarter and decreased by 3.81% year-over-year.
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