Business
Bank of China delivers 5% gain in profit as margin stabilises
Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite…
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profit
Business
Ping An profit rises as stock rally lifts investment returns
Net income climbed to 132.9 billion yuan (S$24.2 billion), from 119.2 billion yuan a year earlier Ping An Insurance (Group) said profit…
Business
China’s cheap air fares hurt profit recovery for state carriers
Stubbornly cheap international air fares for Chinese travellers are hurting attempts by the country’s biggest carriers to claw their way…
Business
Nomura profit beats estimates on stock trading, M&A advisory
Nomura Holdings’ profit beat analysts’ expectations last quarter, buoyed by equity trading and advising on mergers. Net income fell 6.4…
Business
Philippine banks to lead profit growth among regional peers
Philippine banks, helped by robust loans, are poised to deliver the highest net interest income growth among South-east Asian lenders this…
Business
iFast Q3 net profit rises 54.7% to S$26 million on overall revenue growth
Digital bank and wealth management platform iFast posted a 54.7 per cent rise in net profit to S$26 million for its third quarter ended…
Business
Intel beats third-quarter profit estimates as cost cuts, investments pay off
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its…
Business
TelevisaUnivision Sees Q3 Profit Dip Due in Part to Advertising Shortfall
Spanish-language giant TelevisaUnivision said third-quarter profit declined as the company continued its efforts to streamline operations…
Business
Nokia profit surges past estimates on network growth
Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks…
Business
Volvo car profit unexpectedly rises on cost-cutting success
Volvo Car reported better-than-expected profit in the third quarter as the automaker benefited from the effects of its 18 billion-kronor…
Business
Lum Chang could ride on construction upcycle, restructuring to high single-digit profit growth: analyst
Tickrs Financial Singapore initiatives coverage on the stock with a ‘buy’ call and target price of S$0.525 Mainboard-listed construction…
Business
Nasdaq profit tops estimates on higher trading volume, fintech demand
Nasdaq also saw broad-based growth across its financial technology and software divisions Exchange operator Nasdaq beat Wall Street…
Business
3M raises 2025 profit forecast as margin-focused strategy pays off
3M has leaned on product innovation under CEO Bill Brown, who took the helm in 2024 3M on Tuesday (Oct 21) raised full-year profit…
Business
Chipmaker TSMC reports nearly 40% surge in its net profit, thanks to AI
Taiwan’s leading computer chip maker, TSMC, said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge…
Business
TSMC Q3 profit blows past market forecast to a record on AI spending boom
TSMC, the world’s main producer of advanced artificial intelligence (AI) chips, posted a 39.1 per cent jump in third-quarter profit to…
Business
Food Innovators is back in the black, posts a ‘modest’ H1 profit of S$200,000
The Japanese restaurant operator sank into the red for its latest financial year ended Feb 28, 2025, after its Catalist debut in October…
Business
HPE annual profit forecast misses estimate on margin crunch
The company is dealing with tighter margins in part due to building servers with expensive AI chips that have made the machines less…
Business
Bank of America beats profit estimates on dealmaking strength
It reported a net income of US$8.5 billion, or US$1.06 per share, in the three months ended Sep 30 Bank of America beat Wall Street…
Business
JPMorgan lifts interest income forecast after profit beats estimates
JPMorgan Chase raised its full-year forecast for net interest income (NII) on Tuesday (Oct 14), after strong performance in its trading…
Business
LG Energy Solution Q3 profit likely up 34% on US EV sales rush
The company has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, as the US automaker looks to reduce…
Business
Levi Strauss forecasts annual profit below estimates as tariffs bite
The retailer has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight…
Business
Uniqlo owner Fast Retailing posts record profit for fourth year
The apparel maker beats its own forecast, with operating profit jumping to 564.3 billion yen Japan’s Fast Retailing, owner of global…
Business
Top Glove swings into the black with RM38.6 million Q4 net profit; declares 0.48 sen final dividend
Malaysian glove-maker Top Glove on Thursday (Oct 9) posted a net profit of RM38.6 million (S$11.8 million) for its fourth quarter ended…
Business
Top Glove swings into the black with RM38.6 million Q4 net profit; returns to full-year profitability
It declares a final dividend of 0.48 sen per share and attributes the improved performance to stronger demand Malaysian glove-maker Top…