Thu, Jan 21, 2021 9:10 AM
Crude oil future declines on surprise rise in US crude stocks
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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.
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Renewed 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.
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Britannia 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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