Profit
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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…
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China’s consumer slump claims another victim as Shiseido profit slides
SHISEIDO became the latest victim on Friday (Feb 9) of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese cosmetics maker reported…
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Straco Corporation expects a ‘substantial’ net profit for FY2023
TOURISM facilities operator Straco Corporation is expected to report a substantial net profit for its 2023 financial year, as opposed to a net loss. The company, which operates the Singapore…
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Harley-Davidson profit beats estimates despite lower sales
HARLEY-Davidson eked out a fourth-quarter profit that beat estimates as sales fell as the rugged American brand boost incentives to offset high-borrowing costs on slow-selling motorcycles. The Milwaukee-based motorcycle manufacturer…
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Indian food delivery platform Zomato beats Q3 profit estimates on higher demand
INDIAN food delivery platform Zomato reported a quarterly profit that beat market expectations on Thursday (Feb 8), aided by increased demand during the men’s Cricket World Cup and the festive…
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SingPost Q3 operating profit dips 18.2 per cent to S$27.7 million
SINGAPORE Post (SingPost) has reported group operating profit of S$27.7 million for the third quarter ended Dec 31, 2023, down 18.3 per cent from the previous corresponding period at S$33.9…
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Shipping Giant Maersk’s Profit Sinks, Warns Of Red Sea Risk
Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the…
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Marco Polo Marine Q1 gross profit rises 75.8% to S$11.6 million
MAINBOARD-LISTED Marco Polo Marine has posted a 75.8 per cent increase in its gross profit to S$11.6 million for the first quarter ended Dec 31, 2023, from S$6.6 million in…
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Nissan posts 6% rise in Q3 profit, missing estimates
JAPAN’S Nissan Motor posted a lower-than-expected 6.4 per cent rise in operating profit in the December quarter on Thursday (Feb 8). The company said it would maintain its annual outlook…
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Shipping giant Maersk’s profit sinks, warns of Red Sea risk
SHIPPING giant Maersk reported on Thursday (Feb 8) a massive drop in net profit in 2023 and warned of “uncertainty” in 2024 due to Yemeni rebel attacks on vessels in…
