Business
Netflix logs record profit in quarter, withholds user data
Netflix reported first-quarter profit that exceeded Wall Street forecasts, boosted by a recent price increase and a strong slate of…
Tag
profit
Business
AmEx profit rises on resilient card spending
Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier American Express reported a 6…
Business
Blackstone's Q1 profit beats on robust private equity, credit performance
Blackstone reported a higher-than-expected profit for the first quarter on Thursday (Apr 17), driven by proceeds from asset sales across…
Business
Malaysia Aviation Group reports RM54 million net profit in 2024
The company group includes Malaysia Airlines, short-haul airline Firefly, and pilgrimage airline Amal Malaysia Aviation Group (MAG), the…
Business
Malaysia Airlines reports lower profit in 2024 amid operational challenges
Malaysia Airlines’ parent company Malaysia Aviation Group (MAG) reported a second consecutive annual profit in 2024, but it fell 93 per…
Business
Malaysia Airlines parent reports lower profit in 2024
Malaysia Airlines’ parent company Malaysia Aviation Group (MAG) reported a second consecutive annual profit in 2024, but it fell 93 per…
News
TSMC Q1 profit set to jump, but Trump’s policies cloud its future
Taiwan Semiconductor Manufacturing Company (TSMC), the main global producer of advanced chips used in artificial intelligence (AI)…
Business
Sinarmas Land’s H2 net profit drops 5.5% to S$154 million on lower revenue, higher costs
Sinarmas Land reported a 5.5 per cent drop in net profit to S$154 million for the half-year ended Dec 31, 2024, from S$163 million in the…
Business
Aztech Global’s Q1 profit plunges 90.6% to S$1.5 million on demand drop
Earnings per share for the period comes in at S$0.002, down from S$0.0206 a year ago Aztech Global’s net profit for the quarter ended Mar…
Business
Goldman Sachs’ profit jumps as traders deliver gains
Goldman Sachs reported a 15 per cent rise in first-quarter profit as market volatility led to record revenue in equities trading and…
Business
JPMorgan Q1 profit tops estimates
JPMorgan Chase topped first-quarter profit estimates on Friday (Apr 11), driven by record equities trading and higher fees from debt…
Business
Japan’s Seven & i seen booking 24% fall in Q4 profit, adding to takeover pressure
Japanese retailer Seven & i Holdings is set to record a 24 per cent drop in quarterly profit on Wednesday as underperformance of its…
Business
Karin leans into Chinese tech demand to keep 47-year profit run alive
Few companies can boast a flawless track record – but Karin Technology has never booked a loss in its 47-year history, a streak chief…
Business
Evergreen Content: Write It Once, Profit Forever
Evergreen content is the kind of writing that keeps on giving. It’s relevant today and will remain useful in the future, making it a smart…
Business
ExxonMobil signals higher oil, gas prices will help boost Q1 profit
EXXONMOBIL signalled on Thursday that higher crude oil and natural gas prices as well as stronger oil refining margins will help lift its…
Business
Commodity traders still rake in billions as profit bonanza wanes
The world’s largest commodity traders are still making historically elevated profits, even as less-volatile markets mean their earnings…
Business
PSA International FY2024 net profit falls 25% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
PSA International FY2024 net profit falls 25.2% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
H&M Net Profit Down 53% in Fiscal Q1 As Gross Margin Contracts
PARIS – Hennes & Mauritz AB said net profit halved in the first quarter as its gross margin came under pressure from markdowns, ongoing…
Business
Jefferies profit drops on pullback in deals, capital markets
Jefferies Financial Group’s fiscal first-quarter earnings declined amid a drop in investment-banking and capital-markets revenue, with…
Business
Pop Mart profit more than doubles driven by Labubu-doll craze
The resultant strong overseas sales have turned Pop Mart into one of the hottest stocks, with shares up 350 per cent in the past year Pop…
Business
Sinopec’s 2024 net profit drops 16.8% due to falling oil prices, NEVs
China Petroleum & Chemical Corporation, known as Sinopec, reported a 16.8 per cent decline in 2024 net profit, citing lower crude oil…
Business
Esther Ghey says social media firms won't put lives before profit
The mother of murdered teenager Brianna Ghey said she does not believe social media companies would put "lives before profit". Esther Ghey…
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…