Profit
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Australia’s Telstra trims FY earnings view; first-half profit rises
AUSTRALIA’S Telstra Group trimmed the upper end of its operating earnings forecast for fiscal 2024 on Thursday (Feb 15) even as it reported an 11 per cent jump in its…
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Manulife beats profit estimates on strong Asia, Canada performance
CANADA’S largest insurer Manulife Financial on Wednesday (Feb 14) beat analysts’ estimate for quarterly core earnings, driven by strong performance at its Canadian and Asia units. Manulife’s results mirror that…
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Renault posts lower-than-expected full-year profit, ups dividend
FRENCH automaker Renault on Wednesday (Feb 14) reported a slightly lower than expected full-year 2023 net profit, but posted margin and revenue gains and offered more cash to investors with…
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Sony Hikes Profit Forecast But Says PS5 Sales To Slow
Japan’s Sony upgraded its annual net profit forecast on Wednesday but trimmed its PlayStation 5 unit’s sales target, with the flagship console currently in its fourth year on the market.…
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ABN Amro announces 500 million euro buyback as profit jumps
ABN Amro Bank unveiled a fresh share buyback with the Dutch state participating, as part of its planned sell down in the lender. The bank said it will repurchase 500…
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Heineken forecasts single digit operating profit growth in 2024
HEINEKEN expects 2024 operating profit to grow in a range of low to high single digits as beer drinkers curtail their consumption amid persistent inflation and economic worries. The company…
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Rakuten Bank shares surge 13% after raising profit forecast
RAKUTEN Bank shares jumped the most in more than four months after the Japanese online lender raised its annual profit forecast, providing a rare boost for its beleaguered parent company.…
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Hot stock: Rex International falls 10% on heavy volumes after profit guidance
SHARES of Rex International dropped 10 per cent on heavy trading on Wednesday (Feb 14), after the group warned of net loss for FY2023. As at 10.02 am, the counter…
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Robinhood posts surprise profit on interest income boost, trading rebound
ROBINHOOD Markets posted a surprise profit in the fourth quarter on Tuesday (Feb 13), driven by higher interest income from customers paying back loans and a rebound in trading, sending…
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Marriott’s 2024 profit forecast lags estimates as US demand moderates
HOTEL operator Marriott International forecast 2024 profit below Wall Street expectations on Tuesday (Feb 13), as room revenue in the United States normalises from its post-pandemic highs. Travel demand and…
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Centurion expects ‘substantial increase’ in net profit for FY2023
CENTURION on Tuesday (Feb 13) said that it expects to report a “substantial increase” in its net profit for the financial year ended Dec 31, 2023, compared to the year…
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Grand Banks Yachts H1 profit jumps 91.7% to S$6.9 million; declares interim dividend of S$0.005 a share
Grand Banks Yachts secured 11 new boat orders during this period, similar to H1 FY2023. GET BT IN YOUR INBOX DAILY Start and end each day with the latest news…
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Macquarie profit ‘substantially’ down; commodities head resigns
MACQUARIE Group’s profit fell due to reduced activity in its commodities and global markets business, while the veteran head of the division will step down later this month. Earnings for…
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Australia’s top bank CBA lures funds exiting China despite profit outlook
AUSTRALIA’S largest bank, Commonwealth Bank, is expected to report a small drop in first-half profit this week, but that hasn’t deterred investors from pouring into its shares and turning it…
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Hermes Celebrates Record Profit With Staff Bonuses
French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last…
