Profit
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Lloyd’s of London insurer Hiscox posts record annual profit, launches new buyback
LLOYD’S of London insurer Hiscox on Tuesday (Mar 5) posted a record annual profit and launched a share buyback as higher interest rates and strength in its commercial business helped…
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Boeing supplier Senior posts profit jump, boosts dividend
BRITISH aerospace engineer Senior raised its dividend on Monday (Mar 4) after 2023 profits nearly doubled, buoyed by an increase in civil aircraft production rates and robust demand in the…
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TA Corp H2 net profit up 9% to S$11.7 million
PROPERTY and construction company TA Corporation posted a 9 per cent rise in net profit to S$11.7 million for its second half ended Dec 31, 2023, from S$10.8 million in…
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Elon Musk sues OpenAI for abandoning original mission for profit
ELON Musk has sued ChatGPT-maker OpenAI and its CEO Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not for…
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PropertyGuru reports S$1.1 million net profit in Q4 amid higher Singapore revenue
ONLINE property portal PropertyGuru posted a net income of S$1.1 million for the fourth quarter ended December, reversing from a net loss of S$5.2 million a year prior and marking…
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Cordlife posts 50.3% lower H2 profit, sets up Vietnam subsidiary
CORDLIFE Group’s net profit for the second half ended Dec 31, 2023, declined 50.3 per cent to S$1.5 million from S$3 million in the year prior. The private cord blood…
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Cordlife posts 50.3% lower H2 profit; sets up Vietnam subsidiary
CORDLIFE Group’s net profit for the second half ended Dec 31, 2023, declined 50.3 per cent to S$1.5 million from S$3 million in the year prior. The private cord blood…
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Bud Light Overcomes Boycott With Profit Growth, Faces $1 Billion Sales Blow
Anheuser-Busch InBev (BUD), the world’s largest brewer, has encountered a significant sales setback, potentially losing up to $1.4 billion in revenue due to a social media-driven boycott in the middle…
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IndoAgri full-year profit down 20.2% from lower selling prices, despite H2 inch up
INDOFOOD Agri Resources on Thursday (Feb 29) posted a net profit of 525.6 billion rupiah (S$45 million) for the second half ended Dec 31, 2023, up 1.5 per cent from…
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Hong Fok H2 net profit falls 61.5% as Concourse Skyline sale dips
PROPERTY developer Hong Fok posted a net profit of S$81.2 million for the second half of 2023 on Thursday (Feb 29), a 61.5 per cent drop from its earnings of…
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Straco returns to black in H2 with S$19.3 million net profit on easing of China’s Covid measures
TOURISM facilities operator Straco Corporation on Thursday (Feb 29) recorded a net profit of S$19.3 million for the second half of 2023, reversing from a S$2.3 million net loss in…
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Japfa returns to black with H2 profit of US$22.8 million, but records full-year loss
AGRI-FOOD company Japfa on Thursday (Feb 29) swung back into the black for the six months ended Dec 31, 2023, posting a net profit of US$22.8 million, compared to a…
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OUE declares final, special dividends amid halving of H2 profit to S$40.9 million
PROPERTY developer OUE on Thursday (Feb 29) posted earnings of S$40.9 million for the second half of the fiscal year ended December 2023, down 59.6 per cent from S$101.2 million…
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Yeo Hiap Seng H2 profit jumps 183% to S$3.4 million on cost optimisation
FOOD and beverage player Yeo Hiap Seng on Thursday (Feb 29) posted a 183 per cent rise in its net profit for the second half of 2023 to S$3.4 million,…
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Hotel Grand Central swings back to black with H2 net profit of S$1.4 million
HOTEL Grand Central announced a net profit of S$1.4 million for the second half ended Dec 31, 2023, reversing a net loss of S$4.6 million in the corresponding period a…
