Profit
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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 higher margins following a July interest rate hike by…
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Taiwan tech giant Foxconn posts US$1.5 billion Q3 net profit
Taiwanese tech giant Foxconn on Thursday (Nov 14) reported a forecast-topping net profit for the third quarter on robust demand for artificial intelligence servers and said it expected 2025 to…
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Siemens flags tough times ahead after Q4 profit beat
SIEMENS flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting fourth quarter earnings slightly ahead of forecasts. The company, whose products range…
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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 million), from 2.1 billion pesos in the previous corresponding…
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For Profit Or For All? Argentine Football Clubs Red-card Milei Reforms
A debate over the soul of football is raging in World Cup holders Argentina, pitting defenders of the social role of the beautiful game against the government of libertarian President…
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First Resources Q3 profit up 19.3% to US$61 million
FIRST Resources’ net profit for the third quarter ended September rose 19.3 per cent to US$61 million, from US$51.1 million in the previous corresponding period. Sales were up 2.3 per…
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GP Industries back in black with 62.9% net profit boost on stronger revenue, cost controls
BATTERY maker bounced back into the black with a 62.9 per cent jump in net profit in its first half of FY2025, driven by revenue growth and tighter cost control…
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Allianz beats forecasts with 22% rise in profit and rosier outlook
GERMANY’S Allianz on Wednesday (Nov 13) beat expectations with a 22 per cent rise in third-quarter net profit, helped by lower claims from natural catastrophes, and it gave an improved…
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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 interest income (NII) and strong performance of fees, the Dutch lender…
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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 prior. Revenue for Q3 FY2024…
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Frasers Property reverses losses with H2 net profit of S$148.9 million
FRASERS Property posted a net profit of S$148.9 million for the second half of its financial year ended Sep 30, reversing losses of S$52.6 million in the same period the…
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Valuetronics posts 10.2% rise in H1 net profit to HK$90.5 million
INTEGRATED electronic manufacturing services (EMS) provider Valuetronics’ net profit for the first half ended September grew 10.2 per cent to HK$90.5 million (S$15.6 million) from HK$82.1 million. Earnings per share…
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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 limited capacity SINGTEL’S net profit for the first half…
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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 the absence of a S$1.2…
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Vodafone back in profit as nears UK merger with Three
TELECOMS group Vodafone returned to profit in the first-half, it announced on Tuesday (Nov 12), as the group closes in on a merger of its UK operations with rival Three. …
