Profit
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Rio Tinto profit drops 12% but iron ore giant returns more cash to investors
RIO Tinto reported a 12 per cent fall in annual underlying earnings on Wednesday (Feb 21), in line with forecasts, but paid a better-than-expected final dividend as it said inflation…
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HSBC Reports ‘Record Profit’ Of $30.3 Bn In 2023
HSBC said Wednesday it achieved “record profit” in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks. The Asia-focused lender and…
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Australia’s Woolworths CEO quits as food price inquiry looms, half-year profit misses
WOOLWORTH Group on Wednesday said CEO Brad Banducci will retire after more than eight years at the helm, just as Australia’s biggest grocer prepares for a public inquiry into suspected…
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National Australia Bank’s quarterly profit falls on higher costs
NATIONAL Australia Bank on Wednesday reported a 3 per cent drop in its first-quarter cash profit compared to the quarterly average of the second-half of fiscal 2023, hit by higher…
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TalkMed H2 net profit dips 2.8% to S$17.9 million despite revenue increase
TERTIARY healthcare services provider TalkMed Group on Tuesday (Feb 20) posted a 2.8 per cent drop in earnings to S$17.9 million for the second half ended Dec 31, 2023, from…
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UOI H2 net profit falls 6% to S$17.3 million
UNITED Overseas Insurance (UOI), the general insurance arm of UOB, reported a net profit of S$17.3 million for the second half of the 2023 financial year. This is down 6…
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ValueMax H2 profit rises 44.4% to S$27.8 million on higher revenue
VALUEMAX on Tuesday (Feb 20) posted a 44.4 per cent rise in net profit to S$27.8 million for the second half of 2023 ended December, from S$19.2 million in the…
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First Sponsor H2 net profit plunges 96.8% to S$1.9 million on lower property handover volume in China
MIXED property developer First Sponsor Group on Tuesday (Feb 20) booked a net profit slide of 96.8 per cent to S$1.9 million for the second half ended Dec 31, 2023,…
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Improved efficiency propels Dyna-Mac’s H2 profit up 84.7% to S$18.4 million
For the full year ended Dec 31, 2023, Dyna-Mac posted a 118 per cent rise in net profit to S$28.5 million. This was an increase from S$13.1 million in the…
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Sembcorp H2 profit rises 15% to S$412 million on growth in gas, renewables segments
SEMBCORP Industries has posted a 15 per cent year-on-year rise in net profit to S$412 million for the second half year ended Dec 31, 2023. This was mainly due to…
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Sembcorp executives guide for higher dividends, earnings as H2 profit rises 15% to S$412 million
SEMBCORP Industries posted a 15 per cent year-on-year rise in net profit to S$412 million for the second half of its fiscal year ended Dec 31, 2023. This was mainly…
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BHP reports flat first-half profit; warns of inflation, high interest rates impact
BHP Group said on Tuesday its first-half underlying profit was largely unchanged from a year ago, citing strong revenue generation, but warned of higher costs from the lagged effect of…
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Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops
WESTPAC Banking said it sees scope for monetary policy in Australia to become less restrictive within the next year, while reporting a drop in its first-quarter unaudited net profit versus…
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Goldman lifts S&P 500 target to 5,200 on profit expansion
JUST months after setting a 2024 target for the S&P 500 Index, Goldman Sachs Group strategists have boosted their forecast for a second time as the stock market eclipsed the…
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Swiss Re’s full-year profit soars on higher interest rates
SWISS Re’s net income rose to US$3.2 billion in 2023, driven by higher underwriting margins and interest rates. The profit was in line with estimates and resulted in a return…
