Profit
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Mastercard’s quarterly profit jumps on buoyant spending
MASTERCARD’S second-quarter profit rose as customers kept up spending heavily via its cards, the payments giant reported on Wednesday (Jul 31). Profit was US$3.3 billion, or US$3.50 per share for…
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KKR profit soars 49% on improving asset sales, beating estimates
KKR & Co posted a second-quarter profit that beat Wall Street estimates as the buyout firm generated more income than expected from selling assets. Adjusted net income climbed 49 per…
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Singapore Airlines Q1 net profit down 38.5% to S$451.7 million
SINGAPORE Airlines (SIA) reported a net profit of S$451.7 million in the first quarter, a 38.5 per cent drop from S$734 million in the year-ago period. Weaker operating performance, a…
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SIA Q1 profit down 38.5% to S$451.7 million on surge in expenses
SINGAPORE Airlines (SIA) reported a net profit of S$451.7 million in the first quarter, a 38.5 per cent drop from S$734 million in the year-ago period. Weaker operating performance, a…
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SMRT Trains’ full-year net profit down 82.4% to S$7.5 million
PUBLIC transport operator SMRT Trains posted an 82.4 per cent fall in net profit for FY2023/24 ended Mar 31 to S$7.5 million, from S$42.5 million in the previous financial year.…
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HSBC Records $21.6 Billion Pre-tax Profit In First Half 2024
Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s record performance. “After delivering record profits…
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Mizuho profit rises unexpectedly on higher lending income
MIZUHO Financial Group reported a better-than expected increase in its quarterly profit driven by strong performance in its lending and trading businesses. Net income at Japan’s third-largest bank rose 18…
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GSK raises annual profit and sales forecast after second quarter beat
BRITISH drugmaker GSK raised its annual earnings and sales forecasts on Wednesday (Jul 31) and posted second-quarter results that beat market expectations, boosted by its cancer and HIV portfolio. CEO…
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Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing
DEMAND for hybrids is likely to deliver another quarter of double-digit growth for Japan’s Toyota Motor when it reports earnings on Thursday (Aug 1), although it is expected to show…
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Pfizer lifts annual profit forecast on strong cancer, heart drug sales
Pfizer also expects full-year revenue of US$3.5 billion from its antiviral drug, Paxlovid, which is used in high-risk Covid cases Pfizer, which is dealing with a sharp revenue drop from…
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Pan-United H1 net profit up 34% to S$18.6 million
Revenue in H1 has risen 7 per cent to S$384.7 million, 7 per cent higher than the S$360.2 million figure in the year before PAN-UNITED Corporation posted a net profit…
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Merck cuts annual profit forecast
Merck on Tuesday (Jul 30) cut its full-year earnings forecast, mainly due to one-time charges from its acquisition of eye-focused drug developer EyeBio. Merck now expects 2024 earnings of US$7.94…
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PayPal lifts 2024 profit forecast as spending holds up, margins improve
PAYPAL on Tuesday (Jul 30) raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending in the back-to-school and upcoming holiday shopping seasons, while…
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Aztech Global H1 net profit up 8.7% to S$46.7 million
AZTECH Global posted an 8.7 per cent increase in net profit to S$46.7 million for its first half ended Jun 30, 2024, from S$42.9 million in the year-ago period. Revenue…
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Japan’s Nomura triples profit in Q1 on wealth management gains
Nomura’s net profit in the April-June was 68.9 billion yen (S$597.2 million) versus 23.3 billion yen a year earlier Nomura Holdings, Japan’s largest brokerage and investment bank, reported a 195…
