Financial Roundup

28 July 2005

Global (calendar Q2)

        The Seattle-headquartered online retailer posted profits for the three months to June down by a massive 32% to $52 million (€43m; £29m) from $76m in the same period last year. Sales jumped 26% to $1.75 billion.
        Amazon has amassed higher costs recently as a result of its Amazon Prime service which offers free or discounted delivery. But despite this, earnings bettered analysts' expectations, coming in at 12 cents compared to forecasts of 8 cents.
        Comments Amazon founder and ceo Jeff Bezos: "Though expensive for the company, Amazon Prime creates a premium experience for customers who join, and as a result we hope they'll purchase more from us in the long term."

    Global (calendar H1)
  • Cadbury Schweppes
        The UK-headquartered confectionery and soft drinks giant reported its best interim trading performance in a decade this week when it posted first half revenues of over £3 billion ($5.23bn; €4.34bn).
       Pretax profits rose from £312m to £344m, in line with forecasts.
       Says Todd Stitzer, the US chief executive who was hired in 2003: "We are growing faster than at any time in our recent history . . . although the external environment is likely to remain challenging, we will continue to increase investment and expect to deliver within our goal ranges for the full year."

    Data sourced from multiple origins; additional content by WARC staff