Business
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…
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profit
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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,…
Business
Maybank’s Q3 net profit rises 7.6% to 2.5 billion ringgit
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to 2.5 billion ringgit (S$770 million), up 7.6 per cent from 2.4…
Business
Maybank’s Q3 net profit rises 7.6% to RM2.5 billion
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to RM2.5 billion (S$770 million), up 7.6 per cent from RM2.4…
Business
Haidilao operator Super Hi swings back to black with US$37.7 million Q3 net profit
HAIDILAO restaurant operator Super Hi International posted a net profit of US$37.7 million for the third quarter ended Sep 30, reversing…
Business
ThaiBev’s FY2024 net profit dips 1% to 27.2 billion baht
THAI Beverage (ThaiBev) posted a net profit of 27.2 billion baht (S$1.1 billion) for its full year ended Sep 30, a marginal 1 per cent…
Business
Maybank eyes Johor-Singapore SEZ for growth; targets 25% profit contribution from Singapore by 2027
The zone could generate a need for financing among companies – an area Maybank is eager to support THE upcoming Johor-Singapore Special…
Business
Souring S&P 500 profit outlook a bad sign for stock market rally
Wall Street analysts are quickly scaling back their forecasts for Corporate America’s earnings growth over the next year, which could pump…
Business
Jack Ma-backed Ant Group’s profit up 193% in post-crackdown recovery
ANT Group’s profit nearly grew 193 per cent in the June quarter, reversing a year-long decline as the fintech company regained its footing…
Business
Golden Agri-Resources posts lower underlying profit of US$91 million for Q3
PALM oil producer Golden Agri-Resources (GAR) posted an 18 per cent lower underlying profit of US$91 million for the third quarter of the…
Business
Japan’s megabanks see record annual profit after bumper Q2 as rate hikes boost margins
JAPAN’S three megabanks raised their annual profit forecasts to all-time highs on Thursday (Nov 14), fuelled by robust lending demand and…
Business
Emperador Q3 net profit falls 52.2% to 981 million pesos
PHILIPPINE liquor giant Emperador’s net profit for the third quarter ended September fell 52.2 per cent to 981 million pesos (S$22.4…
Business
Dutch lender ABN Amro’s Q3 profit beats estimates on strong interest income, fees
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net…
Business
Bumitama Agri’s Q3 net profit falls 31.6% to 597.9 billion rupiah
BUMITAMA Agri reported a net profit of 597.9 billion rupiah (S$51 million) for the third quarter ended Sep 30, down 31.6 per cent the year…
Business
Singtel’s H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
SINGTEL’S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion. This was in…
Business
Singtel’s interim dividend up 35%, H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
Soft enterprise demand is expected to improve in the coming months, and data centre customers are paying reservation fees to secure…
Business
Sea stays above water, posts US$153.3 million Q3 profit
The company beat estimates from a Bloomberg poll of 13 analysts, which projected a net profit of US$128.6 million GAMING and e-commerce…
Business
Boustead Singapore posts 34% higher H1 profit of S$36 million
INFRASTRUCTURE-RELATED engineering and technology group Boustead Singapore posted a 34 per cent rise in net profit to S$36 million for its…
Business
Asian Pay TV Trust’s Q3 net profit falls 36.5% to S$6.5 million
ASIAN Pay Television Trust’s (APTT) net profit for the third quarter ended September 2024 fell 36.4 per cent to S$6.5 million from S$10.2…