Business
Santos to cut 10% jobs as growth projects near end, annual profit misses estimates
Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit on Wednesday (Feb 18), hurt by weak…
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profit
Business
Marco Polo Marine Q1 gross profit up 32% at S$14 million on fleet additions
Integrated marine logistics company Marco Polo Marine on Monday (Feb 16) posted revenue for its first quarter ended Dec 31, 2025, of…
Business
Societe Generale launches 1.5 billion euro buyback after profit beat estimates
The reacquisition follows two extraordinary share repurchase programmes launched in 2025, worth one billion euros each Societe Generale…
Business
EV maker Nio set to record first adjusted operating profit for Q4 FY2025
The turnaround is driven by ‘sustained growth’ in sales volume and a favourable product mix Electric vehicle manufacturer Nio expects to…
Business
BNP Paribas vows more cost cuts after profit tops forecast
BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December Paribas nudged up its 2028…
Business
GSK profit lifted by HIV, asthma drugs in boost to new CEO
Its adjusted earnings per share rises to 25.5 pence, higher than analysts’ expectations reported better-than-expected profit in the fourth…
Business
Higher Sports Fees Eat Into Fox’s Q2 Profit, Despite Revenue Increases
The costs of investing in sports chipped away at Fox’s profit in the company’s second quarter, as the owner of Fox News Channel and Fox…
Business
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
Uber Technologies forecast first-quarter profit below market expectations and missed fourth-quarter estimates on Wednesday (Feb 4), as…
Business
Watches of Switzerland Lifts Sales, Profit Projections After Robust Holiday Trading
LONDON – Watches of Switzerland Group raised its sales and profit targets for the full fiscal year following a robust quarter of holiday…
Business
Japan’s largest lender MUFG logs 6% growth in third-quarter profit
Japan’s Mitsubishi UFJ Financial Group (MUFG) booked a 6 per cent rise in third-quarter net profit, it said on Wednesday (Feb 4). The…
Business
UBS posts higher profit, signals US$3 billion buyback with upside
Group posted a profit which beat expectations in the fourth quarter, as the bank announced a US$3 billion buyback programme for 2026 with…
Business
7 reasons the best founders plan for profit before they plan for scale
Most founders say they want to build something big. What they usually mean is they want momentum. Users, revenue, headcount, press. Scale…
Business
Pfizer beats Q4 profit estimates on strong drug demand
Robust demand for its heart and oncology drugs helped achieve total sales for the quarter of US$17.56 billion Pfizer on Tuesday (Feb 3)…
Business
Mizuho reports 14% rise in Q3 profit, expands buyback programme
Its profit has increased to 329.9 billion yen from 289.2 billion yen in the year-ago period Mizuho Financial Group said on Monday (Feb 2)…
Business
How the Muppets continue to make a profit 50 years later
A variety show that’s still revered for its absurdist, slapstick humor debuted 50 years ago. It starred an irreverent band of characters…
Business
Julius Baer profit drops in 2025 amid write-downs, but beats expectations
It has reported a net profit of 764 million Swiss francs, with a net credit loss of 213 million francs Swiss bank Julius Baer on Monday…
Business
Tether’s annual profit drops 23% in midst of fundraising
Tether posted a US$10 billion profit in 2025, down 23 per cent from the previous year, as the world’s biggest stablecoin issuer launched a…
Business
SpaceX generated about US$8 billion in profit last year ahead of IPO: sources
SpaceX generated about US$8 billion in profit on US$15 billion to US$16 billion of revenue last year, two sources familiar with the…
Business
Amex projects upbeat 2026 profit on steady spending by affluent customers
It expects revenue to grow in the range of 9 to 10% – versus expectations of about 9% American Express (Amex) forecast annual profit…
Business
ExxonMobil beats Wall Street targets for Q4 profit with help from lower-cost oil production
ExxonMobil beat Wall Street targets in fourth-quarter earnings reported on Friday (Jan 30), with lower-cost oil production in the Permian…
Business
Clas stays upbeat on US student housing despite 15% drop in segment’s H2 gross profit
Chief executive of Clas’ managers Serena Teo says they will take ‘drastic measures’ to boost occupancy and leasing rates in the next…
Business
‘Significant improvement’: CNMC Goldmine expects profit lift for 2025 on higher gold, silver prices
CNMC Goldmine expects a “significant overall improvement” to its net profit for the financial year ended Dec 31, 2025, compared with the…
Business
Apple sales, profit beat Wall Street estimates amid ‘staggering’ iPhone demand
E beat Wall Street estimates for quarterly revenue on Thursday (Jan 29), powered by strong demand for its iPhones and a sharp rebound in…
Business
GuocoLand H1 net profit rises 14% to S$85.4 million despite lower revenue
Property developer GuocoLand on Thursday (Jan 29) posted a net profit of S$85.4 million for the six months ended Dec 31, 2025, up 14 per…