Profit
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Exxon’s US$8.6 billion profit beats 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…
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Chevron beats quarterly profit expectations on higher production
CHEVRON beat Wall Street estimates for third-quarter profit on Friday (Nov 1), helped by higher oil and gas output, but its earnings fell from a year ago. The US company,…
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TotalEnergies’ profit drops more than expected as oil prices fall
TOTALENERGIES reported a bigger-than-expected drop in profit for the third quarter as refining margins and oil prices fell. Following a period of unusually high oil and gas prices in recent…
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Huawei Technologies reports 13.7% drop in 9-month profit
CHINESE tech giant Huawei reported a drop in net profit despite a jump in revenue on Thursday (Oct 31) for the first nine months of the year, a statement to…
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Uber issues muted holiday forecast as it hits record profit
UBER Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit. The company posted US$1.06 billion in operating income…
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Shell reports drop in Q3 net profit
BRITISH energy major Shell on Thursday (Nov 1) announced a sharp drop in net profit for the third quarter as it was hit by lower oil prices and weaker refining…
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China Life says profit jumps as market rally lifts returns
CHINA Life Insurance said profit surged 174 per cent in the first nine months of the year as a rally in the nation’s stock market bolstered investment returns. Net income…
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Wilmar’s Q3 net profit falls 19% to US$254.4 million on weaker contributions from China, sugar division
WILMAR International’s net profit for the third quarter ended Sep 30, 2024, fell 19 per cent to US$254.4 million, from US$313.9 million in the corresponding period a year ago. Its…
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Volkswagen Profit Plunges On High Costs, Chinese Slump
Europe’s biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles with high costs and slowing sales in China. Net profit fell to 1.58 billion…
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UBS posts bigger-than-expected net profit in third quarter
UBS Group on Wednesday (Oct 30) reported a forecast-beating quarterly net profit of US$1.4 billion helped by cost reductions and revenue growth as the bank carried out its first wave…
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StanChart boosts return plan to US$8 billion as profit beats
STANDARD Chartered vowed to return at least US$8 billion to investors by 2026 as it reported better-than-estimated third-quarter earnings on its wealth business and markets trading. The London-headquartered bank said…
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CapitaLand Ascott Trust’s Q3 gross profit rises 8%
CAPITALAND Ascott Trust’s (Clas) gross profit rose 8 per cent year on year in the third fiscal quarter ended September. On Wednesday (Oct 30), the lodging trust’s managers attributed the…
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Visa profit beats expectation on resilient consumer spending
VISA’S fourth-quarter profit beat Wall Street expectations on Tuesday (Oct 29), as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining…
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Pfizer’s Covid-19 drug powers strong quarterly profit as activist hovers
Pfizer, which is under pressure from activist investor Starboard, on Tuesday (Oct 29) topped third-quarter estimates as sales of its Covid-19 treatment Paxlovid blew past Wall Street expectations. The US…
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Sheng Siong’s Q3 net profit up 12.6% on the back of higher revenue
SUPERMARKET chain Sheng Siong posted a 12.6 per cent increase in net profit to S$39.1 million for the third quarter ended Sep 30, from S$34.7 million the year before. Revenue…
