Operating
Kering warns on annual 2024 operating profit as Gucci sales fall
FRENCH luxury goods group Kering warned on Wednesday (Oct 23) its full-year operating income would almost halve after reporting a larger-than-expected drop in third quarter sales, as weak demand...
EU warns Apple to open up iPhone operating system
THE European Union warned Apple to open up its highly guarded iPhone and iPad operating systems to rival technologies, or risk significant fines under its flagship digital antitrust rules....
Shangri-La Asia posts 28.1% fall in H1 net profit on higher operating costs
HOTEL group Shangri-La Asia posted a 28.1 per cent decline in net profit to US$94.5 million for the half-year ended Jun 30, from US$131.4 million a year ago. This...
SingPost records 105.2% higher Q1 operating profit of S$24.4 million
SINGAPORE Post (SingPost) on Friday (Aug 16) announced first-quarter operating profit of S$24.4 million, up 105.2 per cent from S$11.9 million in the corresponding period the previous year.Revenue rose...
Frasers Property sees challenging operating environment for its business in Thailand
FRASERS Property said that it is managing its residential business in Thailand with “agility amid a challenging operating environment”, in a business update on Wednesday (Aug 7) for the...
EC World Reit H1 DPU down 18.6% to S$0.01671 on lower revenue, higher operating expenses
EC WORLD Real Estate Investment Trust (EC World Reit) announced that its distribution per unit (DPU) fell 18.6 per cent to S$0.01671 for the first half ended Jun 30,...
Hugo Boss misses Q2 operating profit expectations
HUGO Boss reported a 42 per cent drop in second-quarter operating profit on Thursday (Aug 1), below market expectations, two weeks after the German fashion house slashed its annual...
Gucci-owner Kering forecasts 30% fall in H2 operating profit on sluggish China demand
KERING reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group works to revive its key label Gucci while facing subdued...
