Posts Tagged ‘Income’
Canada’s RBC beats profit estimates boosted by higher interest income
CANADA’S No 1 lender Royal Bank of Canada on Wednesday (Feb 28) beat analysts’ estimates for quarterly profit as higher interest rates helped the bank earn more on its interest-bearing assets. Still, the lender set aside more funds to cover for potentially souring loans in an uncertain economy highlighting economic uncertainties ahead. Canadian households are…
Read MoreUOB Kay Hian H2 profit up 92.2% as interest income jumps 28.7%
BROKERAGE firm UOB Kay Hian on Wednesday (Feb 28) reported a 92.2 per cent growth to its earnings for the second half ended Dec 31, 2023 on a lift to its commission and trading income, and interest income. For H2 2023, the group’s net profit grew to S$96.3 million, up from S$50.1 million in the…
Read MoreSheng Siong H2 profit climbs 3.6% as finance income doubles
SUPERMARKET chain Sheng Siong on Tuesday (Feb 27) reported a 3.6 per cent increase in net profit to S$68.3 million for the second half of 2023, from S$65.9 million in the year-ago period. This comes as the group doubled its finance income in the half year to S$5.8 million, from S$2.9 million in the corresponding…
Read MoreCoinbase posts profit on robust trading, higher interest income
COINBASE Global swung to a fourth-quarter profit, helped by strong growth in transaction volumes and higher interest income earned on its stablecoin reserves, sending the crypto exchange’s shares up 8 per cent in extended trading. A rebound in crypto prices in the last few months, thanks to optimism around the United States Securities and Exchange’s…
Read MoreRobinhood posts surprise profit on interest income boost, trading rebound
ROBINHOOD Markets posted a surprise profit in the fourth quarter on Tuesday (Feb 13), driven by higher interest income from customers paying back loans and a rebound in trading, sending shares of the online brokerage up 10 per cent after the bell. A higher-for-longer interest rate environment has benefited lenders across the financial spectrum, including…
Read MoreSoftBank posts first profit in five quarters with US$6.6 billion net income
JAPAN’S SoftBank Group returned to profit for the first time in five quarters on Thursday (Feb 8), as the Japanese tech investment firm was buoyed by an upturn in portfolio companies, sparking hope it was emerging from a period of retrenchment. Net profit totalled US$6.6 billion in the three months to December, versus a 744.7…
Read MoreManulife US Reit H2 loss narrows; distributable income falls 13.3%
LIKE in the previous half-year period, no distribution was declared for Manulife US Real Estate Investment Trust’s (Manulife US Reit) second half ended December 2023, as the Reit manager will be halting distributions until end-2025. On Thursday (Feb 8), Manulife US Reit’s manager reported a net loss of US$132.3 million for H2 FY2023, narrowing from…
Read MoreManulife US Reit H2 distributable income falls 13.3%
MANULIFE US Real Estate Investment Trust (MUST) reported on Thursday (Feb 8) a 13.3 per cent decline in distributable income for the second half of FY2023, despite higher gross revenue and net property income (NPI). No distribution was declared for the second half ended December 2023 – unchanged from the first half – as the…
Read MoreMrBeast Net Worth 2024: Popular Youtuber’s Income Could Hit Half A Billion Dollars
MrBeast is an American YouTube star, philanthropist, and entrepreneur. Known for his wild, entertaining videos, generous giving, and charisma, MrBeast has acquired a jaw-dropping 259 million subscribers. Who is MrBeast? MrBeast, whose real name is Jimmy Donaldson, was born on May 7, 1998, in Wichita, Kansas, and has since moved to Greenville, North Carolina. He…
Read MoreChina’s Tencent Posts Q3 Income Slide Despite Revenue Growth
Chinese giant Tencent is one of the biggest tech companies in the world AFP Chinese internet giant Tencent announced on Wednesday a nine percent year-on-year dip in third-quarter net income, even as it posted growth in revenue over the same period. The Shenzhen-based firm, which operates China’s ubiquitous “super-app” WeChat, reported net income for the…
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