Business
SGX soars 10% on profit surge and strong prospects ahead; Maybank upgrades stock to ‘buy’
MAYBANK upgraded its call for the Singapore Exchange (SGX) to “buy” and raised its price target for the stock on Friday (Feb 7). That…
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profit
Business
F&N Q1 profit up 18.8% at S$52 million as soft drinks, beer sales jump
BEVERAGE maker F&N reported a net profit of S$52 million for the first quarter ended Dec 31, an 18.8 per cent increase from S$43.8 million…
Business
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6)…
Business
Maersk Q4 profit beats forecast, expects softer 2025 earnings
The Danish company, viewed as a barometer of world trade, said it expects an underlying Ebitda result of between US$6 billion and US$9…
Business
SocGen doubles Q4 profit as retail unit rebounds
SOCIETE Generale (SocGen) said on Thursday (Feb 6) it had doubled fourth-quarter profits after a recovery in its retail bank and increased…
Business
Nomura soars to 16-year high as profit jump cements recovery
NOMURA Holdings’s shares jumped to their highest in 16 years after Japan’s biggest brokerage doubled third-quarter profit and beat market…
Business
SGX’s H1 net profit rises 20.7% to S$340 million
Cash equities and equity derivatives segment leads the group’s broad-based performance THE Singapore Exchange (SGX) on Thursday (Feb 6)…
Unsorted
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
IBM beats profit estimates as AI shift boosts software performance, shares surge
THE International Business Machines Corporation (IBM) surpassed fourth-quarter profit estimates on Wednesday (Jan 29), driven by robust…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
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…
Business
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…
Business
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…