Industry News

Textron Inc on Friday reported net income of USD177m, or EPS of USD0.65, for the second quarter 2016.. This was an increase over net income of USD167m, or EPS of USD0.60, in Q2 of 2015.. Revenues for the quarter were USD3.5bn, up by 8.1% as compared with Q2 of 2015."/>
Textron posts net income of USD177m in Q2 2016
Bravida Holding AB on Friday reported profit after tax of SEK163m, or EPS pf SEK0.81, for the second quarter of 2016, from April 2016 to June 2016.. This was an increase over profit after tax of SEK61m, or EPS of SEK0.30, in Q2 of the prior year. Net sales for the quarter were up by 4% to SEK3, 800 m, as compared with SEK3, 660 m in Q2 of 2015."/>
Bravida Holding posts profit of SEK163m in Q2 2016
Bravida Holding AB on Friday reported profit after tax of SEK163m, or EPS pf SEK0.81, for the second quarter of 2016, from April 2016 to June 2016.. This was an increase over profit after tax of SEK61m, or EPS of SEK0.30, in Q2 of the prior year. Net sales for the quarter were up by 4% to SEK3, 800 m, as compared with SEK3, 660 m in Q2 of 2015."/>
Bravida Holding posts profit of SEK163m in Q2 2016
Studsvik AB on Friday reported profit after tax of SEK1.7m, or for the quarter, April 2016 to June 2016.. This was an improvement over a loss after tax of SEK4.9m in the corresponding quarter of the prior year. Sales for the quarter were SEK176.3m, as compared with SEK177.7m in the corresponding quarter of 2015."/>
Studsvik swings to profit in April to June 2016 quarter
Concentric AB on Friday reported earnings after tax of SEK63m, or basic EPS of SEK1.52, for the second quarter of 2016, from April 2016 to June 2016.. This was almost flat as compared with earnings after tax of SEK62m, or basic EPS of SEK1.45, in Q2 of the prior year. Net sales for the quarter were SEK522m. down by 11% as compared with SEK620m in Q2 of 2015."/>
Concentric posts earnings of SEK63m in Q2 2016
Concentric AB on Friday reported earnings after tax of SEK63m, or basic EPS of SEK1.52, for the second quarter of 2016, from April 2016 to June 2016.. This was almost flat as compared with earnings after tax of SEK62m, or basic EPS of SEK1.45, in Q2 of the prior year. Net sales for the quarter were SEK522m. down by 11% as compared with SEK620m in Q2 of 2015."/>
Concentric posts earnings of SEK63m in Q2 2016
Studsvik AB on Friday reported profit after tax of SEK1.7m, or for the quarter, April 2016 to June 2016.. This was an improvement over a loss after tax of SEK4.9m in the corresponding quarter of the prior year. Sales for the quarter were SEK176.3m, as compared with SEK177.7m in the corresponding quarter of 2015."/>
Studsvik swings to profit in April to June 2016 quarter
Mitsubishi Heavy Industries, Ltd. established the subsidiary MHI Technologies S.A.E in the Egyptian city of New Cairo. In order to strengthen MHI's economic, and industrial relationships with Egypt, which has the population of 90 million, and to serve as a springboard to the substantial African market. The subsidiary was created for new business development and to work flexibly in alliance with Egyptian companies to quickly and accurately meet..."/>
Establishment of Subsidiary MHI Technologies S.A.E in Egypt
SpiceJet Ltd, India's second largest low-fare airline, has started offering extra legroom, priority check-in, complimentary meals, priority baggage handling and priority boarding at aerobridges for Rs.500-1, 000 extra, depending on the..."/>
Fare war blurs line between budget, full-service carriers [Mint, New Delhi]
Millat Tractors-- an agriculture tractor manufacturer-- based in Lahore, Pakistan. "Stanadyne is serving a worldwide niche by customising fuel systems for our customers' needs," said..."/>
Stanadyne opens Sharjah facility [Khaleej Times, Dubai, United Arab Emirates]
FedEx Corp. tax incentives for its future airport operations there. The company said earlier this year it would move air service from Grand Forks International Airport to Hector International Airport in Fargo. On Monday, city commissioners there narrowly approved a 10- year payment in lieu of a property taxes plan for..."/>
Some Grand Forks leaders OK with Fargo tax incentives for FedEx [Grand Forks Herald]

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