Profit
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SingPost’s H1 profit rises 97.3% to S$22.6 million; declares S$0.0034 per share interim dividend
SINGPOST’S net profit for the first half ended September nearly doubled to S$22.6 million on higher revenue. This represented a 97.3 per cent increase from S$11.5 million in H1 FY2023,…
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Great Eastern posts 52% higher Q3 profit of S$273.4 million
This is driven by contributions from its insurance business and favourable investment performance from shareholders’ funds GREAT Eastern posted a 52 per cent year-on-year increase in net profit to S$273.4…
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Prudential posts 11% rise in 9-month new business profit
ASIA-FOCUSED insurer Prudential recorded new business profit of US$2.3 billion for the nine months ended September 2024. This is up 11 per cent on a constant exchange rate basis and…
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Ferrari’s core profit rises 7%, helped by product mix, personal touches
FERRARI said on Tuesday (Nov 5) its core earnings rose 7 per cent in the third quarter, despite a slight decrease in car shipments, as the luxury sports car maker…
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SIA Engineering Q2 profit up 10.2% to S$35.6 million; declares S$0.02 dividend per share
AIRCRAFT maintenance provider SIA Engineering (SIAEC) on Tuesday (Nov 5) reported a net profit of S$35.6 million for the quarter ended Sep 30, up 10.2 per cent from S$32.3 million…
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Audi Group profit slumps on China weakness, plant restructuring
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a plant restructuring in Brussels dragged on returns. Operating…
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Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi oil giant Aramco on Tuesday (Nov 5) reported a 15.4 per cent drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous…
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Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year…
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Sun Life profit beats expectation on strength in Canada, US
SUN Life reported a better-than-expected third-quarter profit on Monday (Nov 4) as Canada’s second-largest life insurer benefited from robust growth in its domestic and US businesses. The earnings beat was…
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Marriott trims 2024 profit forecast on sluggish China domestic travel demand
MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and international demand, sending its shares down 3.4 per cent…
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US dollar drops to two-week low as investors take profit on ‘Trump trades’
THE US dollar dipped on Monday (Nov 4) as investors braced for wide-ranging implications for the global economy this week from the outcome of US elections and a likely interest…
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Ryanair Profit Falls, Growth Hit By Boeing Delays
Ryanair CEO Michael O’Leary warned that wars and Boeing delivery delays could weigh on company results AFP Irish budget airline Ryanair reported falling net profit for the second quarter on…
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Australian lender Westpac sees solid credit demand in 2025, posts 3% annual profit fall
AUSTRALIA’S Westpac Banking on Monday (Nov 4) reported a fall in annual profit, and said it expects solid demand for housing and business credit in 2025 as the country’s central…
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Australia’s Westpac annual profit down as costs overshadow margin bump
No 2 Australian mortgage lender Westpac said on Monday (Nov 4) that annual profit dipped as costs associated with a technology overhaul outweighed an improved loan margin, but upped its…
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Exxon’s US$8.6 billion profit beats estimate as volume offsets price weakness
EXXON Mobil beat Wall Street’s third-quarter profit estimate on Friday (Nov 1), boosted by strong oil output in its first full quarter that includes volumes from US shale producer Pioneer…
