Culture
SGX’s H1 net profit rises 20.7% to S$340 million following high growth in all revenue segments
THE Singapore Exchange (SGX) on Thursday (Feb 6) posted a net profit of S$340 million for the first half ended December, up 20.7 per cent…
Tag
profit
Culture
Ford sees sharp profit drop as Trump tariff, EV threats loom
FORD Motor warned that profit may fall by US$2 billion or more this year on an expected drop in vehicle prices and costly new-model…
Culture
Credit Agricole reports 27% Q4 profit jump, aided by Amundi and trading
CREDIT Agricole, France’s second-biggest listed bank, blew past quarterly earnings forecasts on Wednesday (Feb 5) with a 27 per cent jump…
Fashion
Toyota raises full-year profit outlook by 9% to 4.7 trillion yen, to establish EV, battery unit in China
TOYOTA Motor raised its full-year operating profit forecast by 9 per cent on Wednesday, in a sign of confidence in its ability to ride out…
Fashion
Keppel H2 profit from continuing operations up 19.9% to S$527.9 million
KEPPEL recorded a profit from continuing operations of S$527.9 million for its second half ended Dec 31, up 19.9 per cent from S$440.3…
Culture
Barbie parent Mattel forecasts annual profit above estimates after steady holiday demand
TOYMAKER Mattel on Tuesday forecast full-year profit above Wall Street expectations after beating holiday quarter estimates, owing to…
Fashion
KKR quarterly profit beats expectation on dealmaking revival
ALTERNATIVE asset manager KKR & Co reported a fourth-quarter profit that beat Wall Street expectations on Tuesday (Feb 4), as a rebound in…
Culture
Spotify forecasts profit above estimates on subscriber growth, price increases
In the fourth quarter, premium subscribers rose 11 per cent to 263 million, compared with Visible Alpha estimates of 260 million. SPOTIFY…
Culture
Estee Lauder forecasts bleak quarterly profit, to cut up to 7,000 jobs
ESTEE Lauder on Tuesday (Feb 4) forecast third-quarter profit well below estimates, citing persistent weak demand at airports and travel…
Culture
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Culture
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3…
Fashion
Japan’s biggest lender MUFG posts 32% jump in Q3 profit
Japan’s largest lender Mitsubishi UFJ Financial Group on Tuesday (Feb 4) reported a 32 per cent increase in quarterly net profit. Profit…
Culture
Samsung Electronics posts 129.85% jump in Q4 operating profit
SAMSUNG Electronics said on Friday its operating profits surged 129.85 per cent year-on-year in the fourth quarter of 2024, but fell from…
Culture
Visa profit climbs on cross-border growth, beating estimates
VISA reported a fiscal first-quarter profit that exceeded Wall Street estimates as the world’s biggest payments network posted…
Culture
Sanofi plans 5 billion euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots…
Fashion
Levi’s bleak 2025 profit forecast after strong holiday quarter hits shares
LEVI Strauss forecast annual profit well below analysts’ estimates, taking a cautious stance despite a strong holiday quarter and sending…
Culture
Las Vegas Sands misses profit estimates on weakness in Macau business
CASINO operator Las Vegas Sands missed analysts’ estimates for fourth-quarter profit on Wednesday (Jan 29), hurt by tepid performance of…
Fashion
IBM beats profit estimates as AI shift boosts software performance, shares surge
IBM surpassed fourth-quarter profit estimates on Wednesday (Jan 29), driven by robust demand in its software unit as businesses ramped up…
News
Tesla’s Profit Fell Sharply Last Year
Tesla on Wednesday reported a sharp drop in profit for 2024 as rivals in China, Europe and the United States chipped away at its lead in…
Culture
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit - The Business Times
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media…
Fashion
JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit - The Business Times
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its…
Fashion
Cathay Pacific to cut profit payout to staff by around 50% - The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Culture
SK Hynix posts record quarterly profit surpassing Samsung on AI boom - The Business Times
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Fashion
Charles Schwab’s fourth-quarter profit soars on higher asset management fees - The Business Times
BROKERAGE firm Charles Schwab said on Tuesday (Jan 21) that its profit rose 44 per cent in the fourth quarter driven by a jump in asset…