Profit
Del Monte Q2 net loss widens to US$22.2 million on subsidiary’s lower profit, higher interest expense
PHILIPPINE food-and-beverage manufacturer Del Monte Pacific on Wednesday (Dec 11) posted a net loss of US$22.2 million for the second quarter ended Oct 31, 2024, from a loss of...
Alaska Airlines sees US$1 billion jump in profit after merger with Hawaiian Airlines
ALASKA Airlines on Tuesday unveiled a plan to generate US$1 billion in additional profits by 2027 by leveraging its acquisition of Hawaiian Airlines and booming demand for premium travel, sparking a...
GameStop reports third-quarter profit on spending cuts
GAMESTOP reported a third-quarter profit on Tuesday (Dec 10) as the video game retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.Chief executive officer Ryan...
As Big Tech profit growth slows, investors hunt for a new thing
The stock market’s growth engine is running on fumes.For years, investors have counted on the biggest technology companies to power equity indexes higher based on their strong earnings and...
Disney boosts dividend 33% after achieving streaming profit
WALT Disney raised its annual dividend by 33 per cent to US$1 a share, another sign that a turnaround plan put in place two years ago is paying off.The...
Marco Polo Marine H2 net profit falls 41.5% to S$10.7 million on lower revenue
MARCO Polo Marine posted a lower net profit of S$10.7 million for the second half of its financial year ended Sep 30, 2024, down 41.5 per cent from S$18.3...
New US solar tariffs on South-east Asia to raise prices, cut profit margins
A NEW round of US solar panel import tariffs on South-east Asian producers is expected to raise consumer prices and cut into producer profit margins, but was largely anticipated...
Didi again records a profit while it prepares for Hong Kong IPO
DIDI Global posted its second straight quarterly profit, a boost for the Chinese ride-hailing leader as it contemplates a potential re-listing in Hong Kong.
The company swung to a net...
