Politics
Musk Is Positioned to Profit Off Billions in New Government Contracts
Within the Trump administration’s Defense Department, Elon Musk’s SpaceX rocketry is being trumpeted as the nifty new way the Pentagon…
Tag
profit
Business
UOB CEO Wee Ee Cheong’s 2024 pay down 5.5% at S$15 million despite record net profit
UOB chief executive officer Wee Ee Cheong’s annual salary for 2024 dipped, despite the bank reporting a record net profit for the full…
Business
Geely’s profit triples, beating estimates, on strong sales
Geely Automobile Holdings’ full-year profit more than tripled, beating analyst estimates, after the carmaker increased sales volumes and…
Business
FedEx cuts profit outlook again amid mounting economic woes
FedEx lowered its full-year guidance for a third consecutive quarter as mounting economic uncertainty adds to sputtering demand already…
Business
CK Hutchison warns of geopolitical risks as profit falls and ports deal upsets China
CK Hutchison Holdings warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong…
Business
Top Glove swings back into black with RM30.3 million Q2 profit
Top Glove returned back to the black with a net profit of RM30.3 million (S$9.1 million) for its second quarter of its financial year…
Business
Prudential eyes growth in India as it posts 2% decline in new business profit for FY2024
New business profit in Singapore is up 15%, underpinned by 11% increase in annual premium equivalent sales Prudential is betting on India…
Business
Lynas profit slumps 85% as low rare earths prices take toll
The miner’s performance indicates the market is still over-supplied, with rare earth oxide prices down due to strong output from China and…
Business
Instacart forecasts downbeat first-quarter core profit, shares fall
INSTACART on Tuesday forecast a lower-than-expected first-quarter core profit as the online grocery delivery platform expects sequential…
Business
Coupang profit beats estimates, even as sales growth slows
COUPANG, the largest e-commerce company focused on South Korea, handily beat profit estimates for the fourth quarter, even as sales grew…
Business
Nanofilm H2 profit rises 6.5% to S$11.5 million
NANOFILM Technologies reported a 6.5 per cent increase in net profit in the second half ended Dec 31, 2024, to S$11.5 million, from S$10.8…
Business
Food Empire H2 profit down 3.2% at US$28.9 million
FOOD Empire’s net profit fell 3.2 per cent to US$28.9 million for the second half ended Dec 31, 2024, from US$29.8 million in the same…
Business
SingLand H2 net profit rises 76% to S$180.5 million on higher revenue from hotel ops
SINGAPORE Land Group (SingLand) reported a net profit of S$180.5 million in the second half ended Dec 31, up 76 per cent from S$102.4…
Business
Aztech Global H2 profit falls to S$23.9 million on lower sales but group doubles dividend
DESPITE its profit dropping from S$57.1 million to S$23.9 million in the second half of 2024, Aztech Global almost doubled its dividend…
Business
China Everbright Water’s FY2024 profit falls 14% to HK$1 billion
CHINA Everbright Water’s net profit for the full year ended Dec 31 fell 14 per cent to HK$1 billion (S$175.5 million) from HK$1.2 billion…
Business
Great Eastern Q4 profit falls 14% to S$134.8 million
GREAT Eastern on Tuesday (Feb 25) reported a net profit of S$134.8 million for the fourth quarter ended Dec 31, down 14 per cent from…
Business
Great Eastern Q4 profit falls 14% to S$134.8 million, reflecting medical insurance provisions
GREAT Eastern on Tuesday (Feb 25) pointed to provisions made for its medical insurance business as the primary reason its net profit fell…
Business
PropNex H2 profit down 14.9% at S$21.9 million; proposes special S$0.025 per share anniversary dividend
REAL estate agency PropNex reported a 14.9 per cent year-on-year fall in net profit for its second half ended Dec 31 to S$21.9 million,…
Business
Raffles Medical jumps 6.7% on 100 million share buyback plan; posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec…
Business
Shein’s annual profit down by more than a third: report
Online fast-fashion retailer Shein’s profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on…
Business
Warren Buffett sounds warning to Washington as Berkshire reports record profit, cash
Berkshire Hathaway on Saturday (Feb 22) reported record annual profits and boosting its cash stake to US$334.2 billion, as Warren Buffett…
Business
Wee Ee Cheong raises UOB stake after FY2024 record net profit
OVER the five trading sessions from Feb 14 to Feb 20, institutions were net sellers of Singapore stocks, leading to a net institutional…
Business
Hong Leong Finance posts 10% rise in H2 profit to S$51.5 million, as net interest margin expands
HONG Leong Finance posted a 10 per cent rise in net profit to S$51.5 million for the six months ended December 2024. This was driven by an…
Business
Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery
GLOVEMAKER Riverstone posted a 3.7 per cent rise in net profit to RM70 million (S$21.2 million) for the three months ended December 2024,…