Profit
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Prudential’s H1 new business profit falls 1% to US$1.47 billion
Insurer attributes decline to high base effects in 2023 in many markets; excluding effect of interest rates and other economic impacts, new business profit is up 8% PRUDENTIAL’S new business…
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Australia’s Woolworths posts flat annual profit
WOOLWORTHS Group, Australia’s largest supermarket chain, reported a flat annual profit on Wednesday, as weak performance in its New Zealand Food and Big W divisions offset sales growth in its…
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Lum Chang swings back to black with S$3.7 million H2 net profit
CONSTRUCTION company Lum Chang posted a net profit of S$3.7 million for the second half of its 2024 fiscal year ended Jun 30, reversing its net loss of S$29.3 million…
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Australia’s Guzman y Gomez profit beats forecast in first earnings since IPO
AUSTRALIA’S Guzman y Gomez reported a surge in full-year profit, outperforming its prospectus forecast after the Mexican-themed fast-food chain’s bumper June debut. The Sydney-based company reported pro forma net profit…
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Australia’s Coles beats annual profit view on strong supermarket sales
COLES, Australia’s second-largest grocer, posted its annual profit above analysts’ estimates on Tuesday, fuelled by strong sales at its supermarkets and improved inventory management that effectively mitigated theft-induced stock losses.…
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BHP annual profit rises 2%, says open to higher debt for acquisitions
BHP Group reported a better-than-expected annual underlying profit on Tuesday due to growth at its iron ore and copper businesses and said it was comfortable with raising its debt target…
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Thomson Medical’s H2 net profit dips 2.5% to S$13.4 million
HEALTHCARE provider Thomson Medical posted a net profit of S$13.4 million for the second half of its 2024 fiscal year ending Jun 30, a 2.5 per cent dip from the…
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Sinopec’s 1H profit up 2.6% on record output despite slumping product demand
China’s Sinopec posted a 2.6 per cent rise in net profit for the first half of the year, it said on Sunday (Aug 25), as record oil and gas output…
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Shangri-La Asia posts 28.1% fall in H1 net profit on higher operating costs
HOTEL group Shangri-La Asia posted a 28.1 per cent decline in net profit to US$94.5 million for the half-year ended Jun 30, from US$131.4 million a year ago. This came…
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Alibaba to upgrade Hong Kong listing amid profit drop
CHINESE e-commerce giant Alibaba said on Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China’s huge army of investors that could potentially rake…
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Alibaba To Upgrade Hong Kong Listing Amid Profit Drop
Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China’s huge army of investors that could potentially rake in…
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Marco Polo Marine Q3 gross profit up 2.6% on favourable supply-demand environment
INTEGRATED marine logistics company Marco Polo Marine posted a 2.6 per cent rise in gross profit to S$14.6 million for the third quarter ended Jun 30, 2024, from S$14.2 million…
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UK recruiter Hays annual profit drops 47% on extended hiring periods
Low confidence levels among both jobseekers and employers have extended the time taken to fill vacant positions, dealing a blow to recruiters’ profits British recruiter Hays reported a 47 per…
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Hong Kong Exchange sees 9% profit gain on rising trading
HONG Kong Exchanges & Clearing (HKEX) is benefiting from mainland Chinese investors in need of diversifying their holdings at a time of turbulence in markets from Shanghai to Shenzhen. Flows…
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China’s Didi Global swings to profit in second quarter
CHINA’S largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan (S$256.5 million) for the second quarter from a 300 million yuan loss a year earlier…
