Real Estate
iPhone maker Hon Hai beats profit estimates thanks to AI boom
APPLE’S main manufacturing partner Hon Hai Precision Industry reported better-than-expected profit in the second quarter as the device assembler benefited from strong demand for servers powering AI applications.
The iPhone...
China’s embrace of rail and EVs stalls holiday petrol demand
CHINA’S embrace of clean energy means petrol sales are no longer getting their usual bump from holiday travel.Domestic tourists have been out in force this summer, but fossil fuels...
China’s embrace of rail and EVs stalls holiday petrol demand
CHINA’S embrace of clean energy means petrol sales are no longer getting their usual bump from holiday travel.Domestic tourists have been out in force this summer, but fossil fuels...
Bumitama Agri H1 profit falls 27.9% to 856.8 billion rupiah
BUMITAMA Agri posted a 27.9 per cent drop in net profit to 856.8 billion rupiah (S$71.6 million) for the first-half ended Jun 30, from 1.2 tillion rupiah in the...
At 83, Kwek Leng Beng confident of seizing opportunities, as CDL posts 32% rise in H1 profit
CITY Developments Ltd’s (CDL) executive chairman Kwek Leng Beng says he is confident of seizing opportunities and making acquisitions notwithstanding high interest rates and global uncertainties.At a briefing after...
CDL posts 32% rise in H1 profit to S$87.8 million
The board declares a special interim ordinary dividend of S$0.02 per share for the financial yearCITY Developments Ltd’s (CDL) net profit for the first half-year ended Jun 30, 2024,...
ST Engineering’s H1 profit rises 19.9% to S$336.5 million
SINGAPORE Technologies Engineering’s (ST Engineering) profit for the first half ended Jun 30, 2024, grew 19.9 per cent year on year to S$336.5 million from S$280.6 million previously.Earnings per...
First Resources H1 profit rises 45.4% to US$103.9 million
It attributes the better financial performance to higher production volumes and improved processing marginsFIRST Resources announced on Wednesday (Aug 14) a net profit of US$103.9 million for the first...
