Business
StanChart Q1 profit beats estimates as lender weighs impact of Trump’s tariff war
Standard Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Tag
profit
Business
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
INSTACART forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on…
Politics
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said the Trump administration’s tariffs would…
Business
Robinhood tops quarterly profit estimates as volatility fuels trading volumes surge
Retail trading platform Robinhood’s first-quarter profit more than doubled and beat analysts’ estimates on Wednesday (Apr 30), driven by a…
Business
Meta quarterly profit climbs despite big cloud spending
Tech giant Meta on Wednesday (Apr 30) reported quarterly profits that were well above expectations, brushing aside market worries that its…
Business
HKEX posts record quarterly profit on trading, listings boom
Hong Kong’s dealmakers are optimistic of a flurry of secondary listings from mainland-traded Chinese firms this year Hong Kong’s stock…
Business
UBS Q1 profit tops expectations on tariff-driven volatility in markets
S bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market…
Business
UBS Q1 profit tops forecasts but Trump tariff shock clouds outlook
UBS on Wednesday (Apr 30) posted better-than-expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US…
Business
Grab raises full-year adjusted Ebitda guidance after posting US$24 million profit in Q1
Grab on Wednesday (Apr 30) reported net profit of US$24 million for the first quarter ended Mar 31, 2025, reversing from a US$104 million…
Business
Prudential’s quarterly new business profit rises on strong Hong Kong, China growth
ENTIAL on Wednesday (Apr 30) reported a 12 per cent rise in new business profit for the first quarter, as the Asia-focused insurer…
Business
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
Business
Sheng Siong Q1 net profit up 6.1% to S$38.5 million on stronger sales
Supermarket operator Sheng Siong recorded a 6.1 per cent increase in net profit to S$38.5 million for the first quarter ended Mar 31, from…
Business
UPS profit beats estimates, to cut 20,000 jobs on economic worries
The parcel giant is not providing any updates to its full-year outlook due to the economic uncertainty United Parcel Service reported a…
Politics
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President…
Business
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst…
Business
BP reports lower-than-expected profit of US$1.4b
It fell below the US$1.53 billion expected by analysts in a company-provided poll missed forecasts on Tuesday (Apr 29) with an underlying…
Business
Deutsche Bank posts 39% rise in first-quarter profit
Deutsche Bank on Tuesday posted a 39 per cent rise in first-quarter profit after its global investment banking division generated a big…
Business
HSBC Q1 profit drops 25%; launches US$3 billion share buyback
launched a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit on Tuesday due to one time charges…
Business
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million United Overseas Insurance (UOI), the general…
Business
iFast plunges 12% after cutting its Hong Kong profit guidance
This is after the company lowered its 2025 Hong Kong profit before tax target to HK$380 million from HK$500 million iFast shares plunged…
Business
CapitaLand Ascott Trust gross profit rises 4% in Q1
CapitaLand Ascott Trust’s (Clas) managers said in a business update on Monday (Apr 28) that the trust’s gross profit rose 4 per cent year…
Business
iFast Q1 net profit rises 31.2% to S$19 million on continued growth in UK bank, wealth management platform business
Digital bank and wealth management platform iFast said its net profit rose 31.2 per cent year on year to S$19 million for the first…
Business
BYD first-quarter profit soars, beating Tesla on another metric
BYD’s net income in the first quarter jumped to 9.15 billion yuan (S$1.7 billion), overtaking Tesla on another key metric and signalling a…
Business
Nokia posts quarterly profit miss, flags disruption from Trump's tariffs
Comparable operating profit fell to 156 million euros (S$232.7 million) in the first quarter of 2025 Nokia reported first-quarter profit…