Profit
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Lloyd’s of London reports 26% jump in H1 profit
The market’s “superb” results reflected “a combination of disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet” Commercial insurance market Lloyd’s of London on Thursday (Sep…
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Hewlett Packard Enterprise raises annual profit forecast on AI strength
HEWLETT Packard Enterprise (HPE) raised its annual profit forecast on Wednesday (Sep 4), as demand for artificial intelligence (AI) servers continues to pick up owing to higher investments in AI…
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GoTo exits tough Vietnam market to focus on reaching profit
RIDE-HAILING provider GoTo Group is exiting Vietnam, abandoning a country where it’s been struggling to focus on reaching profitability in its main operations in Indonesia and Singapore. The company’s Gojek…
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China Life profit rises as market lifts investment returns
CHINA Life Insurance, the nation’s largest life insurer by market share, said profit rose 11 per cent in the first half as an improving stock market boosted investment returns. Net…
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GuocoLand H2 profit falls 58% to S$62.8 million
PROPERTY developer GuocoLand’s net profit for the second half of its 2024 fiscal year ended Jun 30 fell 58 per cent to S$62.8 million, from S$148 million in the same…
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IHH Healthcare Q2 net profit more than doubles to RM623 million
PRIVATE healthcare group IHH Healthcare posted a net profit of RM623 million (S$188 million) for the second quarter of its 2024 fiscal year ended Jun 30. Net profit more than…
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Qantas profit falls on cost of fixing damaged reputation
QANTAS Airways said full-year profit fell as the airline invested more to repair its battered reputation and air fares declined. Underlying profit before tax fell 16 per cent in the…
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HP falls after cutting profit outlook on printer slowdown
HP INC slipped about 3 per cent in extended trading after cutting its full-year profit outlook on a continued downturn in its printing unit. The disappointing profit forecast overshadowed the…
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PEC’s H2 net profit jumps 176% to S$10.8 million
ENGINEERING company PEC posted a net profit of S$10.8 million in the second half of its 2024 fiscal year ending Jun 30, almost tripling its earnings of S$3.9 million for…
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Chinese electric car maker BYD posts 33% profit rise
CHINESE electric vehicle maker BYD reported a 32.8 per cent rise in second-quarter net profit on Wednesday (Aug 28), its fastest growth since end-2023, despite faltering spending on big-ticket items…
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Chinese electric car maker BYD posts 33% profit rise
CHINESE electric vehicle maker BYD reported a 32.8 per cent rise in second-quarter net profit on Wednesday (Aug 28), its fastest growth since end-2023, despite faltering spending on big-ticket items…
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Canada’s biggest bank RBC beats profit on smaller bad loan provisions
ROYAL Bank of Canada (RBC) on Wednesday (Aug 28) surpassed analysts’ estimates for quarterly profit as it set aside a smaller than expected sum to protect itself against losses on…
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Chinese EV Giant BYD Posts 24.4% Rise In Profit
Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its…
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Nongfu shares slump to lowest since debut as profit growth slows
NONGFU Spring shares plunged to its lowest point since its listing in 2020 after posting the slowest half-year profit growth in four years as China’s top bottled water producer battled…
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Prudential H1 profit tumbles 81% to US$182 million
PRUDENTIAL’S net profit for the first half ended Jun 30 fell 81 per cent to US$182 million, from US$947 million in the previous corresponding period, on an actual exchange rate…
