Profit
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Frencken posts 50.3% rise in H1 profit to S$18.1 million
SEMICONDUCTOR player Frencken on Wednesday (Aug 14) reported a 50.3 per cent increase in profit to S$18.1 million in H1 2024, from S$12.1 million in H1 2023. Revenue for the…
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China Aviation Oil H1 profit doubles to US$42.4 million on oil price, business volume increases
JET fuel buyer China Aviation Oil (CAO) posted a net profit of US$42.4 million for the first half ended Jun 30, a 114.8 per cent year-on-year leap from US$19.7 million…
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Foxconn Net Profit Rises In Second Quarter On AI Demand
Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence…
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Far East Orchard H1 profit more than doubles to S$18.2 million on student housing segment growth
FAR East Orchard’s net profit more than doubled to S$18.2 million for the first half of 2024, from S$8.2 million in the year-ago period. The group’s purpose-built student housing accommodation…
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iPhone maker Hon Hai beats profit estimates thanks to AI boom
APPLE’S main manufacturing partner Hon Hai Precision Industry reported better-than-expected profit in the second quarter as the device assembler benefited from strong demand for servers powering AI applications. The iPhone…
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UBS profit beats estimates as client inflows hit US$27 billion
UBS Group posted higher than expected profit in the second quarter, buttressing chief executive officer Sergio Ermotti’s efforts to return capital to shareholders and finalise the integration of Credit Suisse.…
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Cathay Pacific world’s most-shorted airline stock on profit woes
CATHAY Pacific Airways is now the world’s most-shorted major airline stock, as the industry struggles to improve profits even amid a rebound in global tourism. Short interest in shares of…
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Philippine business buoys Jollibee profit as China pain persists
JOLLIBEE Foods’s Philippine businesses boosted the fast-food chain’s second-quarter profit, even as it struggled with its operation in China. Net income of the Philippines’ biggest restaurant operator jumped 31 per…
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CDL posts 32% rise in H1 profit to S$87.8 million
The board declares a special interim ordinary dividend of S$0.02 per share for the financial year CITY Developments Ltd’s (CDL) net profit for the first half-year ended Jun 30, 2024,…
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Carlsberg sees higher profit as cost cuts offset weak demand
CARLSBERG increased its profit growth outlook for the year as cost controls helped the Danish brewer to offset weaker consumer demand. Organic operating profit will rise between 4 per cent…
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Delfi profit dips 22.3% to US$19.6 million
Confectionery maker’s performance dips on the back of lower sales and currency weakness CHOCOLATE and confectionery manufacturer Delfi posted a 22.3 per cent drop in its net profit for the…
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Hong Leong Asia H1 profit from continuing operations up 60% to S$49.4 million
INDUSTRIAL conglomerate Hong Leong Asia on Tuesday (Aug 13) reported a net profit from continuing operations of S$49.4 million for the six months ended Jun 30, up 60.1 per cent…
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UOL to launch freehold Meyer Blue condo in September as H1 net profit falls 3% to S$130.4 million
The group is bullish on its hospitality portfolio, which recorded higher revenue contributions in the first half with the opening of Pan Pacific Orchard in June 2023 PROPERTY and hospitality…
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Home Depot warns of sales, profit decline on weak consumer spending
Home Depot forecast a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday (Aug 13), as tepid discretionary spending dashed hopes of a recovery…
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Golden Agri-Resources Q2 profit falls 27.8% to US$65 million
MAINBOARD-LISTED Golden Agri-Resources (GAR) posted a 27.8 per cent decrease in net profit to US$65 million for the three months ended June, down from US$90 million in the previous corresponding…
