Paypal's profit and revenue up in first quarter
09 May 2023 09:18am
PayPal reported adjusted earnings of US$1.33 billion or US$1.17 per share last year - PayPal photo
The company's earnings totalled US$795 million, or US$0.70 per share. This compares with US$509 million, or US$0.43 per share, in last year's first quarter, reported German news agency (dpa).
Excluding items, PayPal reported adjusted earnings of US$1.33 billion or US$1.17 per share for the period. Analysts on average had expected the company to earn US$0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.6 per cent to US$7.04 billion from US$6.48 billion last year. -Bernama-dpa
Communications and Multimedia Minister Tan Sri Annuar Musa says according to the 2021 Industry Performance Report (IPR), the C&M sector had remained competitive throughout last year despite the impact of the Covid-19 pandemic.
AT&S Chief Operating Officer Ingolf Schroeder (left) and managing director for Malaysia Vittorio Villari are happy with the progress of the RM8.5 billion investment in Kulim.
Finance Minister Datuk Seri Tengku Zafrul Aziz. says foreign loans are from various institutions and investors from around the world, among them the United States, Europe, Japan, China, and Singapore. - Bernama pic