Profit
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Ant Group quarterly profit falls 92% on year to 24.5 million yuan
China’s Ant Group made net profit of 24.5 million yuan (S$4.6 million) in the three months to Sep 31, down 92 per cent from a year earlier, according to Reuters…
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Carlsberg estimates operating profit growth of up to 5% in 2024
DANISH brewer Carlsberg said on Wednesday (Feb 7) it expects organic operating profit growth of 1 to 5 per cent in 2024 and inflationary pressures to moderate. The world’s third-largest…
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TotalEnergies Reports Record Annual Profit At $21.4 Bn
Highest profit ever for 2023 AFP French group TotalEnergies reported on Wednesday the highest profit of its history for 2023, underpinned by performances in its liquefied natural gas and electricity…
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DBS posts 3% drop in Q4 profit to S$2.27b; full-year earnings hit record S$10.06b
DBS reported net profit of S$2.27 billion for the fourth quarter ended December, 3 per cent lower than the S$2.34 billion recorded in the year-ago period. The net profit, which…
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Nintendo Lifts Net Profit Forecast On Weak Yen, Steady Switch Sales
Game giant Nintendo raised its annual net profit forecast on Tuesday, saying the weak yen and steady sales of the Switch console, now in its seventh year, would boost earnings.…
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Toyota Raises Annual Net Profit Forecast As Chip Shortage Eases
Japan’s Toyota raised its annual net profit forecast to a record high on Tuesday and reported strong sales in all regions in the first three quarters as the global semiconductor…
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Shell Profit Tumbles On Lower Oil Prices
Shell said Thursday that its net profit more than halved to $19.4 billion in 2023 on lower energy prices, after rocketing to a record peak the previous year following the…
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Deutsche Bank To Cut Jobs After Drop In 2023 Profit
Deutsche Bank’s net profit fell 16 percent to 4.2 billion euros last year AFP Germany’s biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of…
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Weight-loss Drug Maker Novo Nordisk’s Profit Surges As Sales Boom
Danish pharmaceutical giant Novo Nordisk posted bumper profits for 2023 on Wednesday, driven by blockbuster sales of diabetes and obesity treatments that helped it become Europe’s most valuable company. The…
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Santander Posts Record Profit In 2023 After Rate Hikes
Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the…
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Google Says AI Helped It Beat Profit Expectations
Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year. Alphabet reported a profit of $20.7 billion on revenue of $86.3…
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LVMH Posts Record Sales And Profit In 2023
The world’s largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank. The Paris-based conglomerate’s sales…
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Can Nokia Bounce Back? €600 Million Share Buyback Announced Amid Profit Drop And 2024 Challenges
In a mission to navigate this turbulent economic landscape, Nokia has disclosed plans for a two-year €600 million ($653 million) share buyback program as the company reported a substantial drop…
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Memory Chip Giant SK Hynix Returns To Profit On Strong AI Demand
South Korean firm SK Hynix is the one of the world’s biggest producers of memory chips AFP The world’s second-largest memory chip maker, South Korea’s SK Hynix, said on Thursday…
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Pfizer Shares Tumble On Disappointing 2024 Profit Outlook
Pfizer issued a disappointing 2024 forecast Wednesday, denting shares as the company navigates a profound plunge in sales tied to the Covid-19 pandemic. The company, which reported more than $100…
