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…
Tag
profit
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…
News
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 on Monday (Apr 28) that the trust’s gross profit rose 4 per cent year on year in the first…
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
YouTube Ad Revenue Bulks Up 10.3% to $8.9 Billion as Alphabet Q1 Net Profit Jumps 46%
YouTube continues to rake in money from advertisers worldwide, with the video giant’s ad revenue reaching $8.93 billion in the first…
Business
How Profitmind Is Driving Profit Growth for Retailers With AI-powered Analytics
Is it time for retailers to finally ditch Excel and reams of spreadsheets? Retail executives are often overwhelmed by massive amounts of…
Business
Comcast Sees Q1 Profit Dip On Cable, Ad Revenue
Comcast said first-quarter net income fell 12.5% as revenue from its bedrock cable business dipped and ad revenue from its NBCUniversal…
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…
Business
Keppel’s Q1 net profit jumps more than 25%; expects limited direct tariff impact
Keppel reported on Thursday (Apr 24) a strong Q1 performance for 2025, with net profit rising more than 25 per cent year-on-year. These…
Business
Keppel posts more than 25% jump in Q1 net profit, expects limited direct tariff impact
Keppel’s net profit rose more than 25 per cent for the first quarter ended March, driven by improvements in its real estate and asset…
Business
Nvidia supplier SK Hynix’s profit soars 158% on AI demand boost
SK Hynix’s operating profit jumped a bigger-than-expected 158 per cent, helped by both a global race in artificial intelligence (AI) and…
Business
German software maker SAP beats operating profit estimates for first quarter
SAP continues to expect cloud revenues in a range of 21.6 billion euros to 21.9 billion euros for the year, the company says German…
Business
Tesla profit falls in the wake of brand controversy and tariffs
Tesla is off to a bumpy start this year. The electric vehicle giant’s profit plunged 71% in the first quarter to $409 million as the…