Business
Geo Energy Q3 net profit falls 55% to US$3.2 million due to lower coal prices
Indonesian coal producer Geo Energy Resources on Friday (Nov 14) reported a 55 per cent decline in net profit to US$3.2 million for the…
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Business
Frasers Property H2 profit falls 32.2% to S$100.9 million on lower contributions from residential projects
Frasers Property posted a net profit of S$100.9 million for the six months ended Sep 30, a 32.2 per cent decline from S$148.9 million for…
Business
StarHub’s Q3 profit falls 35.3% to S$26.2 million
StarHub posted net profit of S$26.2 million for its third quarter ended Sep 30, down 35.3 per cent from S$40.4 million in the previous…
Business
Acrophyte Hospitality Trust 9-month net property income falls 13.9% to US$29.1 million
The drop is largely to due to hotel dispositions and renovations, as well as increases in operating expenses Acrophyte Hospitality Trust’s…
Business
F&N full-year profit falls 6.4% to S$141.3 million despite higher revenue in F&B segment
Beverage and publishing company Fraser and Neave (F&N) on Wednesday (Nov 12) announced a 6.4 per cent fall in net profit to S$141.3…
Business
Prime US Reit Q3 distributable income falls 25.9% to US$6.3 million; raises distributable income payout ratio to at least 50%
The manager of Prime US Reit on Tuesday (Nov 11) posted a distributable income of US$6.3 million in Q3, down 25.9 per cent from US$8.5…
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Singdollar falls to its lowest against the ringgit this year, where will the Malaysian currency go next?
The currency hits a 13-month high against the greenback, year-to-date peak versus Singdollar The Malaysian ringgit is on a roll this year.…
Business
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which…
Business
Commerzbank profit falls 7.9% in Q3, defying expectations for increase
Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, said on Thursday (Nov 6) that net profit fell 7.9 per cent in…
Business
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9 per cent drop in third-quarter net…
Business
Stoneweg Europe Stapled Trust 9M distributable income falls 4.6% to 57.6 million euros
The distributable income of Stoneweg Europe Stapled Trust (Sert) declined 4.6 per cent to 57.6 million euros (S$86.5 million) for the nine…
Business
Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a…
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Manulife US Reit portfolio occupancy falls to 68.2% in Q3
Some 81,000 sq ft of leases have been executed in Q3, making up 2.3% of the portfolio’s net lettable area The manager of Manulife US Reit…
Business
Bitcoin falls below US$100,000 as risk-off mood weighs on crypto
Bitcoin has wiped out its summer rally, giving back gains made during Wall Street’s euphoric embrace and a surge in institutional buying.…
Business
Gold falls on stronger US dollar as investors trim rate-cut bets
The US central bank cut interest rates on Wednesday by a quarter of a percentage point for the second time this year Gold prices slipped…
Business
Australia’s Lynas Rare Earths Q1 revenue jumps 66% but falls short of forecasts
Lynas is focusing on a build-out of a processing plant in Malaysia, to satisfy East Asian demand First-quarter revenue at Australia’s…
Business
CDL Hospitality Trusts Q3 NPI falls 5.6% to S$34.3 million
Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 5.6 per cent to S$34.3 million for the third quarter ended Sep 30, from…
Business
Keppel Reit’s 9M distributable income falls 0.6% to S$159.6 million
The manager of Keppel Real Estate Investment Trust (Reit) on Wednesday (Oct 29) posted a 0.6 per cent lower distributable income of…
Business
First Reit’s 9-month distributable income falls 6.1% to S$34.8 million
Its DPU for period is S$0.0165, a 7.3% decline from same period in the prior year The manager of First Real Estate Investment Trust (Reit)…
Business
Mapletree Logistics Trust Q2 DPU falls to S$0.01815
The manager of Mapletree Logistics Trust (MLT) announced a distribution per unit (DPU) of S$0.01815 for the trust’s second quarter ended…
Business
Philippine peso falls to new record low on rate view, outflow
The Philippine peso fell past the key psychological level of 59 per US dollar to an all-time low, putting pressure on the central bank to…
Business
Philippine peso falls to record low on rate view, outflow
The Philippine peso fell past the key psychological level of 59 per US dollar to an all-time low, putting pressure on the central bank to…
Business
Keppel Pacific Oak US Reit 9-month distributable income falls 14.8% to US$30.4 million
Decline is mainly due to lower cash rental income from higher free rents, increase in finance and other trust expenses Keppel Pacific Oak…
Business
OUE Reit’s Q3 NPI falls 5.6% to S$57 million on Shanghai asset sale
OUE Real Estate Investment Trust (Reit) posted a 5.6 per cent decline in net property income (NPI) to S$57 million for the third quarter…