Profit
China Aviation Oil H1 profit doubles to US$42.4 million on oil price, business volume increases
JET fuel buyer China Aviation Oil (CAO) posted a net profit of US$42.4 million for the first half ended Jun 30, a 114.8 per cent year-on-year leap from US$19.7...
Far East Orchard H1 profit more than doubles to S$18.2 million on student housing segment growth
FAR East Orchard’s net profit more than doubled to S$18.2 million for the first half of 2024, from S$8.2 million in the year-ago period. The group’s purpose-built student housing accommodation...
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...
UBS profit beats estimates as client inflows hit US$27 billion
UBS Group posted higher than expected profit in the second quarter, buttressing chief executive officer Sergio Ermotti’s efforts to return capital to shareholders and finalise the integration of Credit...
Cathay Pacific world’s most-shorted airline stock on profit woes
CATHAY Pacific Airways is now the world’s most-shorted major airline stock, as the industry struggles to improve profits even amid a rebound in global tourism.Short interest in shares of...
Philippine business buoys Jollibee profit as China pain persists
JOLLIBEE Foods’s Philippine businesses boosted the fast-food chain’s second-quarter profit, even as it struggled with its operation in China.Net income of the Philippines’ biggest restaurant operator jumped 31 per...
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...
CapitaLand Investment H1 profit falls 6% to S$331 million
CAPITALAND Investment (CLI) posted a 6 per cent fall in net profit to S$331 million for the six months ended Jun 30, from S$351 million the year before.The real...
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...
