Finance
Finance expert discusses why women should be involved in finances
SHREVEPORT, La. (KSLA) – When it’s time to crack open the checkbook and pay those monthly bills, nearly two-thirds of households report that women are the ones that are likely to take charge in balancing the budget.
On Wednesday, May 10, KSLA was joined by Jennifer Delcomyn with Evans Financial Group to break down why women should be in the know and help make financial decisions. Some of those reasons include:
- Financial independence
- Financial literacy
- Narrowing the gender wealth gap
Copyright 2023 KSLA. All rights reserved.
Finance
SRG Housing Finance Q4 Results Live : profit rise by 45.65% YOY
SRG Housing Finance Q4 Results Live : SRG Housing Finance announced their Q4 results on 23 May, 2024, showcasing a significant growth in their financial performance.
The company reported a 38.64% increase in revenue and a 45.65% rise in profit year-over-year.
Quarter-on-quarter comparison also revealed positive growth, with revenue growing by 13.89% and profit increasing by 14.46%.
However, the Selling, general & administrative expenses saw a noticeable increase, rising by 8.82% sequentially and 43.86% year-on-year.
Similarly, the operating income also showed a positive trend, with an 18.1% increase quarter-on-quarter and a 42.73% rise year-on-year.
The Earnings Per Share (EPS) for Q4 stood at ₹4.72, marking a 29.67% increase year-on-year.
In terms of market performance, SRG Housing Finance delivered a 2.84% return in the last week, 0.87% return in the last 6 months, and a 1.99% year-to-date return.
The company currently holds a market cap of ₹378.12 Cr, with a 52-week high/low of ₹336.75 and ₹230 respectively.
Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 36.15 | 31.74 | +13.89% | 26.07 | +38.64% |
Selling/ General/ Admin Expenses Total | 7.64 | 7.02 | +8.82% | 5.31 | +43.86% |
Depreciation/ Amortization | 1.71 | 1.58 | +7.86% | 0.97 | +76.31% |
Total Operating Expense | 28.79 | 25.51 | +12.86% | 20.92 | +37.63% |
Operating Income | 7.35 | 6.23 | +18.1% | 5.15 | +42.73% |
Net Income Before Taxes | 7.61 | 6.7 | +13.64% | 5.37 | +41.65% |
Net Income | 6.09 | 5.32 | +14.46% | 4.18 | +45.65% |
Diluted Normalized EPS | 4.72 | 4.09 | +15.33% | 3.64 | +29.67% |
FAQs
Question : What is the Q4 profit/Loss as per company?
Ans : ₹6.09Cr
Question : What is Q4 revenue?
Ans : ₹36.15Cr
Stay updated on quarterly results with our results calendar
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Published: 26 May 2024, 02:27 AM IST
Finance
G7 finance ministers back plan to use Russian assets for Ukraine funding – the FT
Stock photo: Getty Images
The G7 finance ministers supported the idea of providing Ukraine with a loan secured by profits from frozen Russian assets to ensure funding for Kyiv after 2024.
Source: Financial Times, citing the draft communiqué of the ministers’ meeting, as reported by European Pravda
The ministers’ discussions were based on a US proposal, which was circulated before the meeting in the Italian city of Stresa, to issue Ukraine a loan of about US$50 billion, to be repaid from the profits of the Russian central bank’s assets amounting to around €190 billion.
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The ministers stated that they were “making progress” in working out options to “bring forward” the profits, according to the draft communiqué. They added that options for structuring the loan would be presented to the G7 leaders before the June summit.
They also promised to continue pressuring China to reduce industrial subsidies that they believe are driving Western competitors out of business, and stated that implementing the most significant global tax agreement in more than a century is a “top priority”.
The G7, a group of advanced economies that includes all major Western allies of Ukraine, aims to ensure funding for Kyiv in the long term, even after this year when crucial elections will take place on both sides of the Atlantic.
According to people familiar with the negotiations, many details of the loan are yet to be agreed upon, including the amount, who will issue it, and how it will be guaranteed in case of Ukraine’s default or if the profits do not materialise.
One official mentioned that Europeans are particularly concerned about “fair-risk sharing”, fearing that Europe will bear the brunt of the financial and legal risks and potential retaliatory actions from Russia, as most of the assets are located on the continent.
This week, the EU officially approved a plan to use interest from frozen Russian assets, which, according to estimates, could bring up to three billion euros per year to Ukraine.
Background:
- In February, the United States argued that G7 countries should fully seize frozen assets, but later abandoned this idea due to concerns from allies that it could set a dangerous legal precedent and prompt retaliatory measures from Russia.
- Earlier, Minister of Foreign Affairs Dmytro Kuleba stated that Ukraine insists on the confiscation and transfer to Ukraine of all frozen assets of the Russian Federation held in the West.
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Finance
Big Players Maneuver In Global Finance And Industry
What’s going on here?
From hostile takeovers to strategic acquisitions, major financial and industrial players are making bold moves to bolster their market positions. Spanish bank BBVA, Swiss private bank Julius Baer, and British IT services group Redcentric are all in high-stakes negotiations for potential mergers.
What does this mean?
BBVA’s €12.23 billion hostile takeover bid for Sabadell marks a major potential consolidation in the Spanish banking sector, despite opposition from Madrid. Julius Baer’s talks with EFG International highlighted competition in Swiss private banking, though discussions have ceased. In IT services, Redcentric’s negotiations with Milan-listed Wiit SpA could lead to a substantial acquisition. Additionally, private equity firm Carlyle is preparing to sell aerospace manufacturer Forgital, signaling increased activity in the aerospace sector. Also, Deutsche Bahn is advancing in the bidding process for its logistics subsidiary Schenker, with four contenders still vying for it.
Why should I care?
For markets: Strategic consolidations and divestments.
These moves reflect broader trends of consolidation and strategic realignment across industries. BBVA’s bold bid for Sabadell and Criteria’s acquisition of a 9.4% stake in ACS for €983 million signify aggressive strategies to capitalize on market opportunities. Carlyle’s plan to sell Forgital and Saudi Aramco’s in Repsol’s renewable energy division highlight the growing focus on portfolio diversification and sustainability.
The bigger picture: Global shifts in financial and industrial landscapes.
These developments indicate profound changes in the global financial and industrial sectors. KKR’s likely approval to acquire Telecom Italia’s fixed-line network without EU antitrust conditions signals a favorable regulatory climate for strategic deals. On the flip side, the Italian government’s decree for state broadcaster RAI to possibly merge its tower unit, RaiWay, with EI Towers shows the fluidity of managing national strategic assets. Meanwhile, Coventry Building Society’s £780 million purchase of Co-operative Bank underscores ongoing consolidation in the British banking sector.
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