Tag: Financial results

CHINA Life Insurance, the nation’s largest life insurer, said profit fell 31 per cent last year as a stock market ...

China’s Bank of Communications posts slight profit gain, warns of property risks

CHINA’S Bank of Communications (BoCom), said on Wednesday (Mar 27) it needed to improve risk control of its property-sector related ...

Second Chance Properties H1 profit falls 52.8% to S$4.3 million

SECOND Chance Properties posted a 52.8 per cent fall in its net profit to S$4.3 million for its first half ...

Chinese EV maker Nio cuts Q1 deliveries forecast amid tepid demand

CHINESE electric-vehicle maker Nio lowered its forecast for first-quarter deliveries on Wednesday (Mar 27), as it grapples with slowing demand ...

H&M beats earnings expectations as new CEO plots turnaround

H&M, the world’s second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday (Mar 27) helped by a smaller-than-expected ...

Fed’s operating losses swelled to record US$114.3 billion in 2023

THE Federal Reserve’s expenses exceeded its earnings in 2023 by US$114.3 billion, its largest operating loss ever, forcing the US ...

China’s Citic Securities posts 7.5% fall in 2023 profit

CITIC Securities, China’s biggest brokerage, on Tuesday (Mar 26) reported a 7.49 per cent fall in its annual net profit, ...

France’s Atos seeks debt restructuring plan by July after record losses

FRENCH IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday (Mar 26), ...

France’s Atos opens debt restructuring talks after posting record losses