Profit
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Samsung flags better-than-expected rise in second-quarter profit as chip prices jump
SAMSUNG Electronics estimated on Friday (Jul 5) a more than 15-time rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from…
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AI frenzy expected to have boosted Samsung Q2 profit 13-fold
SAMSUNG Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating…
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No profit, no problem: Singapore’s digital banks in six charts
IT’S been just over two years since Green Link Digital Bank (GLDB) became the first digital bank to start operations in Singapore. This was followed in quick succession by ANEXT,…
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Britain’s Revolut surges to record profit as it seeks US$40 billion valuation
BRITISH fintech company Revolut made a record pretax profit of £438 million (S$753 million) in 2023 on strong user growth and soaring interest-related income, it said on Tuesday (Jul 2),…
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Qatar Airways posts 39% jump in annual profit to record 6.1 billion Qatari riyals
QATAR Airways posted a 39 per cent jump in annual net profit to a record 6.1 billion Qatari riyals (S$2.3 billion) on Tuesday (Jul 2). Revenue grew by 6 per…
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Oil eases on weak US fuel demand, profit taking
OIL prices fell on Friday as investors weighed weak US fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted the chances the…
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Jefferies profit soars as investment-banking momentum builds
JEFFERIES Financial Group’s earnings climbed as investment-banking revenue surged and debt underwriting more than doubled, adding to signs of brightening prospects for the biggest US banks. Fiscal second-quarter investment-banking revenue…
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Oracle warns that a TikTok ban would dent revenue and profit
ORACLE warned investors that a new law potentially banning TikTok in the US threatens to hurt its financial results. The law signed by President Joe Biden in April “will make…
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Top Glove shares climb as glove maker swings back into the black with RM50.7 million profit
SHARES of Top Glove Corporation soared after the Malaysian glove maker on Wednesday (Jun 19) reported a net profit of RM50.7 million (S$14.5 million) for the third quarter ended May…
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‘Storm has truly passed’: Top Glove swings back into the black with RM50.7 million Q3 profit
Return to profit boosted by customers replenishing their glove inventories; managing director says group well-positioned to meet growing glove demand MALAYSIAN glove maker Top Glove Corporation on Wednesday (Jun 19)…
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Goldman Sachs boosts S&P 500 target on upbeat profit outlook
Goldman Sachs Group strategists have boosted their year-end target for the S&P 500 Index for a third time, reflecting Wall Street’s optimistic outlook for earnings growth and the US economy.…
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Changi Airport Group full-year net profit up 13 times to S$431 million on post-Covid recovery
CHANGI Airport Group (CAG) saw a jump in net profit to S$431 million for the full year ended Mar 31, up from S$33 million in the year-earlier period. Revenue rose…
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Digital bank Monzo reports first annual profit in run-up to IPO
Monzo reported its first annual profit on Monday (Jun 3) in a milestone for the fast-growing British digital bank as it works towards its goal of a stock market flotation.…
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Global airlines raise 2024 profit outlook as travel soars
Global airlines on Monday (Jun 3) raised their profit forecast for 2024 and projected industry-wide revenues just shy of US$1 trillion as a record number of travellers board flights. The…
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Malaysia’s Petronas Q1 profit falls on high costs, low prices
Malaysia’s state energy firm Petroliam Nasional (Petronas) reported a near 11 per cent decline in first-quarter net profit on Friday (May 31) due to higher operating costs and lower realised…
