Business
Chanel profit tumbles as luxury industry downturn hits sales
Chanel profit plunged last year as the closely held company splurged on expanding its retail network and marketing to remain visible amid…
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profit
Business
DFI Retail Group’s Q1 underlying profit falls 18% on sale of Chinese supermarket
DFI Retail Group’s underlying profit for Q1 2025 fell 18 per cent compared with the same period a year ago, due to the divestment of…
Business
Pacific International Lines’ FY2024 net profit quadruples to US$1.3 billion
Pacific International Lines (PIL) on Friday (May 16) posted a net profit of US$1.3 billion for the FY2024 ended Dec 31, 2024, more than…
Business
LHN net profit for H1 rises 8.8% to S$14.1 million
LHN’s net profit for the first half ended March 31 rose 8.8 per cent to S$14.1 million from S$13 million in the year ago period. The real…
Business
NetLink NBN Trust’s net profit slips 6.9% to S$46.9 million for H2 FY2025
Internet service provider NetLink NBN Trust posted a 6.9 per cent decrease in net profit to S$46.9 million for the second half ended Mar…
Business
NetLink NBN Trust’s net profit slips 6.9% to S$46.9 million for H2 FY25
Internet service provider NetLink NBN Trust posted a 6.9 per cent decrease in net profit to S$46.9 million for the second half ended Mar…
Business
Deutsche Telekom first-quarter profit slightly above expectations
The group raised 2025 core profit guidance to about 45 billion euros, up marginally from the previous 44.9 billion Deutsche Telekom…
Business
Investors flee SingPost as underlying profit sinks into the red
The group records a 40% fall in net profit as uncertain global logistics conditions pose challenges Shares of Singapore Post (SingPost)…
Business
Bumitama Agri Q1 profit rises 51% to 495.6 billion rupiah
Higher commodity prices and rising production drive revenue up 19% at 4.6 trillion rupiah Bumitama Agri posted on Thursday (May 15) a 51…
Business
Bumitama Agri Q1 profit rises 51% to 495.9 billion rupiah
Bumitama Agri posted on Thursday (May 15) a 51 per cent rise in net profit to 495.9 billion rupiah (S$38.9 million) for the first quarter…
Business
ComfortDelGro posts 19% rise in Q1 net profit to S$48.3 million
Transport behemoth ComfortDelGro posted a 19 per cent rise in its net profit of S$48.3 million for the quarter ended March on…
Business
SIA Engineering H2 net profit up 87.3% at S$70.8 million
SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8…
Business
Nippon Steel expects profit to drop 43% this year, US steel decision by early June
Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global…
Business
ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered…
Business
Commerzbank profit unexpectedly rises in boost to CEO Orlopp
Commerzbank’s first-quarter profit unexpectedly rose to the highest in 14 years as commissions increased, and the German lender set aside…
Business
Marco Polo Marine posts 3.4% decline in H1 profit to S$10.6 million
Marco Polo Marine on Friday (May 9) posted a 3.4 per cent year on year decline in H1 net profit to S$10.6 million, from S$11 million. The…
Business
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar…
Business
Emirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax Dubai’s Emirates Group, which includes…
Business
Puma Sales Flat in Q1 as Operating Profit Tumbles
A challenging macro environment is taking its toll on Puma, where sales were flat in the first quarter and profits tumbled in the…
Business
Green Business: Profit from Saving the Planet
Starting a green business isn’t just a trend—it’s becoming a necessity. With climate change and environmental concerns at the forefront of…
Business
Exxon beats Wall Street profit estimate, boosted by Guyana and Permian production
ExxonMobil on Friday (May 2) beat Wall Street’s estimate for first-quarter profit as higher oil and gas production from Guyana and the…
Business
Shell Q1 profit drops 28%, beats estimates, keeps share buybacks steady
Shell reported a 28 per cent drop in first-quarter net profit to US$5.58 billion on Friday (May 2), beating analyst expectations, while it…
Business
StanChart profit beats as lender weighs impact of tariff war
DARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Business
StanChart Q1 profit beats estimates as lender weighs impact of Trump’s tariff war
Standard Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…