Profit
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Cosco Shipping says it expects to post net profit for FY2023
LOGISTICS management service provider Cosco Shipping International (Singapore) said it expects to report a net profit of approximately S$1.9 million for its financial year ended Dec 31, 2023, compared to…
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Coinbase posts profit on robust trading, higher interest income
COINBASE Global swung to a fourth-quarter profit, helped by strong growth in transaction volumes and higher interest income earned on its stablecoin reserves, sending the crypto exchange’s shares up 8…
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Silverlake Axis half-year profit down 11% despite revenue increase
ENTERPRISE technology, software and services company Silverlake Axis (SAL) posted a net profit of RM88.6 million (S$25 million) for the six months ended Dec 31, 2023, down 11 per cent…
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Airbus Posts 11 Percent Profit Drop For 2023
European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting…
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SIA Engineering Q3 net profit more than doubles to S$26.9 million
AIRCRAFT maintenance provider SIA Engineering Company (SIAEC) posted a net profit of S$26.9 million for its third quarter ended Dec 31, 2023, more than double the S$12.8 million in the…
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Germany’s Commerzbank posts biggest net profit in 15 years
GERMANY’S Commerzbank on Thursday (Feb 15) posted its biggest profit in 15 years in 2023, a 55 per cent increase from the previous year, as it benefited from higher interest…
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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…
