Latest news with #Q1profit
Reuters
14-05-2025
- Business
- Reuters
Germany's PBB posts 17% profit drop but risk provisions shrink
FRANKFURT, May 14 (Reuters) - Deutsche Pfandbriefbank ( opens new tab (PBB), one of Germany's top property financiers, on Wednesday posted a 17% drop in first quarter after-tax profit despite a decline in risk provisions. The bank's quarterly post-tax profit was 24 million euros ($26.9 million), compared with 29 million euros a year earlier. Provisions for loan losses fell to 26 million euros from 47 million euros a year earlier, even as it warned of unexpectedly volatile markets. ($1 = 0.8937 euros)
Zawya
12-05-2025
- Business
- Zawya
Saudi Aramco Q1 in line with expectaions
Citi Research said that Saudi oil giant Aramco's Q1 2025 net profit of 97.54 billion riyals ($26.01 billion) posted on Sunday showed that 'the QoQ improvement in price realisations as Aramco sales have moved to a premium to Brent pricing. Cash conversion is similar to last quarter.' Analyst Alastair R Syme said that the 'adjusted net income of $25.5 billion in-line with market expectations and noting that consensus had already revised higher c. 10% in recent weeks'. He said that Aramco's view that Q1 oil demand grew +1.7 million barrels per day (mbpd) 'is the highest estimate we have seen. The question, as it pertains to OPEC policy, is whether than demand figure incorporates a large element of pre-tariff pre-stocking that will now reverse into 2Q/3Q.' Citi has a 12-month price target for the Aramco at 29.5 SAR. The share is trading on Riyadh's Tadawul at SAR 25.6, up 2.4%, on Monday afternoon. (Writing by Brinda Darasha; editing by Daniel Luiz)
