Culture
Goldman Sachs beats profit estimates; Wells Fargo benefits from dealmaking rebound
The investment bank’s shares rose 2.6% before the bell on Wednesday, while Wells Fargo’s profit was powered by a rebound in dealmaking…
Tag
profit
Fashion
Uniqlo operator posts higher Q1 profit despite sluggish China results
THE operator of the Uniqlo global clothing chain reported first quarter results on Thursday (Jan 9) that trailed analyst forecasts as a…
Culture
Japan’s Seven & i Holdings reports 24% drop in third-quarter profit
Profit fell to 128 billion yen (S$1.1 billion) in the period from September to November Japan’s Seven & i Holdings, operator of the…
Fashion
Jefferies profit triples in sign dealmaking slump is ending
JEFFERIES Financial Group’s profit soared on a rebound in mergers and acquisitions (M&A ) and a surge in equity-trading revenue, signs…
Culture
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
SAMSUNG Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as…
Business
Alibaba's supermarket Freshippo records 9 straight months of profit, CEO says
Freshippo, Alibaba Group Holding's grocery chain known as Hema in its home market, was profitable for nine straight months in 2024, the…
Culture
Nio’s mass market push draws scorn as EV maker promises a profit
IT’S a wonder three little headlights can stir up such debate. But that’s what many netizens in China have been driven to comment on…
Fashion
Top Glove swings back to black with RM5.5 million Q1 net profit
GLOVE manufacturer Top Glove posted a net profit of RM5.5 million (S$1.7 million) for the first fiscal quarter ended November, reversing…
Culture
Stamford Tyres H1 profit tumbles 75% to S$401,000 on increased expenses
Revenue falls 1.2 per cent to S$94.5 million but other expenses shoot up 80.3 per cent to S$2.9 million TYRE and wheel distributor…
Fashion
Stamford Tyres H1 profit tumbles 75.1% to S$401,000 on increased expenses
Revenue falls 1.2% to S$94.5 million but other expenses shoot up 89.6% to S$2.9 million TYRE and wheel distributor Stamford Tyres reported…
Culture
Vibrant Group reverses into black with S$3.3 million H1 profit
The logistics company booked a loss of S$3.2 million in the previous corresponding period LOGISTICS company Vibrant Group has posted a net…
Fashion
Vibrant Group returns to black with S$3.3 million H1 profit
The logistics company booked a loss of S$3.2 million in the previous corresponding period LOGISTICS company Vibrant Group has posted a net…
Fashion
Panin Bank acquisition could add 2-3% to DBS’ or OCBC’s profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total…
Culture
Panin Bank acquisition could add 2-3% to DBS or OCBC profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total…
Fashion
Del Monte Q2 net loss widens to US$22.2 million on subsidiary’s lower profit, higher interest expense
PHILIPPINE food-and-beverage manufacturer Del Monte Pacific on Wednesday (Dec 11) posted a net loss of US$22.2 million for the second…
Culture
Alaska Airlines sees US$1 billion jump in profit after merger with Hawaiian Airlines
ALASKA Airlines on Tuesday unveiled a plan to generate US$1 billion in additional profits by 2027 by leveraging its acquisition of…
Fashion
GameStop reports third-quarter profit on spending cuts
GAMESTOP reported a third-quarter profit on Tuesday (Dec 10) as the video game retailer ramps up its cost-saving efforts, including…
Culture
Disney boosts dividend 33% after achieving streaming profit
WALT Disney raised its annual dividend by 33 per cent to US$1 a share, another sign that a turnaround plan put in place two years ago is…
Fashion
Marco Polo Marine H2 net profit dips 41.5% to S$10.7 million on lower revenue
MARCO Polo Marine posted lower net profit of S$10.7 million for its second half of the financial year ended Sep 30, 2024, down 41.5 per…
Culture
Marco Polo Marine H2 net profit falls 41.5% to S$10.7 million on lower revenue
MARCO Polo Marine posted a lower net profit of S$10.7 million for the second half of its financial year ended Sep 30, 2024, down 41.5 per…
Fashion
New US solar tariffs on South-east Asia to raise prices, cut profit margins
A NEW round of US solar panel import tariffs on South-east Asian producers is expected to raise consumer prices and cut into producer…
Culture
Didi again records a profit while it prepares for Hong Kong IPO
DIDI Global posted its second straight quarterly profit, a boost for the Chinese ride-hailing leader as it contemplates a potential…
Fashion
IHH Q3 profit stays flat at RM534 million
IHH Healthcare on Thursday (Nov 28) posted a net profit of RM534 million (S$161.5 million) for its third quarter ended Sep 30, 2024,…
Culture
HP gives lacklustre profit outlook on slow PC market recovery
HP GAVE an outlook for profit in the current quarter that fell short of estimates, suggesting a setback in the personal computer (PC)…