Profit
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Gucci Owner Kering Says Profit Fell 17% In 2023
French luxury giant Kering said Thursday its sales and net profit fell in 2023, warning its investment strategy will weigh on results this year as it refocuses its business around…
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SoftBank posts first profit in five quarters with US$6.6 billion net income
JAPAN’S SoftBank Group returned to profit for the first time in five quarters on Thursday (Feb 8), as the Japanese tech investment firm was buoyed by an upturn in portfolio…
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SoftBank posts US$6.6 billion profit, first in five quarters
SOFTBANK Group on Thursday (Feb 8) posted a net profit of US$6.6 billion in the October-December quarter, ending a streak of four consecutive quarters in the red, as the value…
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Mattel forecasts annual profit above expectations as costs ease
MATTEL forecast 2024 adjusted profit above market expectations and announced a US$1 billion share buyback programme as the Barbie parent benefits from its cost-saving measures. Lower input costs as well…
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Pan-United H2 net profit up 107% to S$20.4 million
READY-MIX concrete producer Pan-United Corporation on Wednesday (Feb 7) posted a net profit of S$20.4 million for the second half of its 2023 financial year ended Dec 31, up 107…
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Uber expects strong core profit as ride share, food delivery pick up pace
UBER Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday (Feb 7), fuelled by higher demand in its ride…
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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…
