Sundaram Finance reports 13.9% rise in Q4 profit

CHENNAI: Non-banking finance company Sundaram FinanceBSE 1.02 % has recorded a 13.9 per cent rise in its fourth quarter net profits ending March 31, 2017 at Rs. 139 crore. The city-based company had clocked net profits at Rs. 122 crore during the corresponding quarter of previous year, a top official said. For the full year ending March 31, 2017, the net profits stood at Rs. 495 crore. The profit for the year ending March 31, 2017 is not comparable to previous year, which includes a one-time profit of Rs. 40.64…

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Expedia reports Q4 loss on acquisition costs, slumping Europe bookings

A combination of acquisition costs and the impact of November’s terrorist attacks in Paris led to a fourth-quarter loss for Expedia Inc., but shares surged 11% in after-hours trading Wednesday after CFO Mark Okerstrom said the company is expecting earnings to rise 35-45% in 2016 as Orbitz and HomeAway are fully integrated into operations. Expedia closed on its acquisitions of Orbitz and HomeAway last September and December, respectively. Expedia took a $12.5 million loss, compared to a $66 million net profit in the previous year’s fourth quarter. Bolstered by the…

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