That's lower than a 16 billion ringgit dividend Petronas has said it would pay for 2016 and the 26 billion ringgit it paid in the year before that. ReutersUPDATE 1-Malaysia's Petronas posts quarterly profit but cautious on outlook(Adds detail on costs, outlook comments from CEO) KUALA LUMPUR, March 14 (Reuters) - Malaysia'sPetroliam Nasional Bhd [PETR.UL] said on Tuesday it swung to a fourth-quarter profit from a loss in the year-ago period, helped by cost-cutting efforts, but the state oil company maintained a cautious outlook for 2017. Revenue for the quarter stood at 58.6 billion ringgit, down from 60.1 billion ringgit for the corresponding quarter a year ago, due to lower oil prices and sales volumes. Petronas said it expected to pay a 13 billion ringgit dividend to the government this year, unchanged from a figure announced earlier by the government. [O/R] As oil prices traded near 12-year lows in early 2016, Petronas said it would slash spending by 50 billion ringgit over the next four years.
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British insurer Prudential reported record 2016 operating profit of £4.3 billion (S$7.4 billion) on Tuesday, led by growth in its Asian business and sending its facebook/" target="_blank">shares higher. [LONDON] British insurer Prudential reported record 2016 operating profit of £4.3 billion (S$7.4 billion) on Tuesday, led by growth in its Asian business and sending its shares higher. The firm saw a 15 per cent rise in Asian operating profit, to £1.6 billion. Analysts were expecting operating profit of £4.1 billion, a company-compiled poll showed. Prudential, which has large operations in Britain, the United States and Asia, has been focusing on expanding its Asian business.
The logo of British life insurer Prudential is seen on their building, in London October 21, 2008. The company increased operating profit in Asia by 15 percent to 1.6 billion pounds, while its U.S. business, Jackson, recorded a 7 percent rise to 2 billion pounds. REUTERS/Stephen Hird/File PhotoLONDON British insurer Prudential (PRU.L) reported a record 2016 operating profit of 4.3 billion pounds on Tuesday, as growth in its Asia and U.S. operations outweighed a decline in its domestic market. However, operating profit at Prudential's UK business dived by 31 percent to 828 million pounds. Operating profit rose 7 percent from a year earlier and was above analysts' expectations of 4.1 billion pounds, according to a company-compiled poll, lifting its share price by more than 3 percent.
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Prudential posts record operating profit in 2016, shares rise, Banking & Finance
British insurer Prudential reported record 2016 operating profit of £4.3 billion (S$7.4 billion) on Tuesday, led by growth in its Asian business and sending its facebook/" target="_blank">shares higher. [LONDON] British insurer Prudential reported record 2016 operating profit of £4.3 billion (S$7.4 billion) on Tuesday, led by growth in its Asian business and sending its shares higher. The firm saw a 15 per cent rise in Asian operating profit, to £1.6 billion. Analysts were expecting operating profit of £4.1 billion, a company-compiled poll showed. Prudential, which has large operations in Britain, the United States and Asia, has been focusing on expanding its Asian business.
The logo of British life insurer Prudential is seen on their building, in London October 21, 2008. The company increased operating profit in Asia by 15 percent to 1.6 billion pounds, while its U.S. business, Jackson, recorded a 7 percent rise to 2 billion pounds. REUTERS/Stephen Hird/File PhotoLONDON British insurer Prudential (PRU.L) reported a record 2016 operating profit of 4.3 billion pounds on Tuesday, as growth in its Asia and U.S. operations outweighed a decline in its domestic market. However, operating profit at Prudential's UK business dived by 31 percent to 828 million pounds. Operating profit rose 7 percent from a year earlier and was above analysts' expectations of 4.1 billion pounds, according to a company-compiled poll, lifting its share price by more than 3 percent.
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