Profit
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Venture H2 net profit falls by a third on lower revenue
VENTURE Corporation reported on Thursday (Feb 22) a 33.4 per cent decline in net profit for the second half, on the back of lower revenue. Net profit for the six…
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Zurich Insurance announces US$1.25 billion buyback after record profit
ZURICH Insurance posted a better than expected annual operating profit on Thursday (Feb 22) and announced a share buyback of up to US$1.25 billion, as insurers ride out the impact…
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Lloyds profit jumps despite UK outlook, motor finance provision
LLOYDS Banking Group reported a 57 per cent jump in profit for 2023 on Thursday (Feb 22), as Britain’s faltering economy and a charge for potential costs from a regulatory…
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Hot stock: iFast spikes to over 2-year high on Q4 profit surge
SHARES of iFast hit a record high on Thursday (Feb 22) morning after the financial services company reported a 917.1 per cent rise in fourth quarter net profit. A pre-market…
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Qantas first-half profit drops, announces new A$400 million stock buyback
AUSTRALIA’S flag carrier Qantas Airways on Thursday posted a 12.8 per cent fall in first-half profit and announced an additional on-market stock buyback of up to A$400 million. The decline in first-half…
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UOB Q4 profit rises 21.8% to S$1.4 billion; proposes S$0.85 per share final dividend
UOB’s net profit for the fourth quarter rose 21.8 per cent on higher net fee income and other non-interest income, based on its results released on Thursday (Feb 22). Net…
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Nvidia Quarterly Profit Soars On Demand For AI Chips
Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence. The…
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Air New Zealand eyes fare hikes as costs surge, profit slumps
AIR New Zealand said it may raise ticket prices to cover rising costs after reporting a 38 per cent slump in interim earnings and forecasting an even worse second half.…
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Navigating China’s Real Estate Crisis: HSBC Reports Significant Quarterly Profit Drop
HSBC Holdings PLC, the biggest bank in Europe by market value, revealed a substantial 80% plunge in pretax profit for Q4 2023. The sharp decline is primarily attributed to major…
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iFast Q4 net profit surges 917% to S$13.2 million
FINANCIAL services company iFast Corporation’s net profit for the fourth quarter surged 917.1 per cent, on the back of higher revenue, as initial contributions from its ePension division streamed in.…
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Website creator Wix.com’s profit doubles, sees Studio product boosting 2024
WIX.COM, which helps small businesses build and operate websites, beat fourth-quarter profit expectations on Wednesday (Feb 21) and forecast double-digit revenue growth in 2024. Its earnings per diluted share excluding…
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Wilmar H2 net profit falls 21.3% on lower contributions from feed and industrial products
WILMAR International’s net profit for the half year ended December 2023 fell 21.3 per cent to US$973.9 million, from US$1.2 billion the year before. This was due to lower contributions…
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Vicom’s H2 net profit climbs 4.5% to S$13.7 million on higher revenue
VEHICLE inspection company Vicom reported on Wednesday (Feb 21) a 4.5 per cent increase in net profit for the second half of 2023, on the back of higher revenue. Net…
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OUE Healthcare expects higher H2, FY23 profit on fair-value gains
CATALIST-LISTED OUE Healthcare is expecting a higher year-on-year profit after tax for the second half and full year ended Dec 31, 2023, based on a preliminary assessment of its financial…
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HSBC’s record annual profit marred by US$3 billion China hit; shares slide
HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion charge on its stake in a Chinese bank amid mounting…
