Profit

KKR profit soars 49% on improving asset sales, beating estimates
KKR profit soars 49% on improving asset sales, beating estimates
July 31, 2024
KKR & Co posted a second-quarter profit that beat Wall Street estimates as the buyout firm generated more income than expected from selling assets. Adjusted net income climbed 49 per...
Singapore Airlines Q1 net profit down 38.5% to S1.7 million
Singapore Airlines Q1 net profit down 38.5% to S$451.7 million
July 31, 2024
SINGAPORE Airlines (SIA) reported a net profit of S$451.7 million in the first quarter, a 38.5 per cent drop from S$734 million in the year-ago period.Weaker operating performance, a...
Singapore Airlines Q1 net profit down 38.5% to S1.7 million
SIA Q1 profit down 38.5% to S$451.7 million on surge in expenses
July 31, 2024
SINGAPORE Airlines (SIA) reported a net profit of S$451.7 million in the first quarter, a 38.5 per cent drop from S$734 million in the year-ago period.Weaker operating performance, a...
SMRT Trains’ full-year net profit down 82.4% to S.5 million
SMRT Trains’ full-year net profit down 82.4% to S$7.5 million
July 31, 2024
PUBLIC transport operator SMRT Trains posted an 82.4 per cent fall in net profit for FY2023/24 ended Mar 31 to S$7.5 million, from S$42.5 million in the previous financial...
Mizuho profit rises unexpectedly on higher lending income
Mizuho profit rises unexpectedly on higher lending income
July 31, 2024
MIZUHO Financial Group reported a better-than expected increase in its quarterly profit driven by strong performance in its lending and trading businesses. Net income at Japan’s third-largest bank rose 18...
GSK raises annual profit and sales forecast after second quarter beat
GSK raises annual profit and sales forecast after second quarter beat
July 31, 2024
BRITISH drugmaker GSK raised its annual earnings and sales forecasts on Wednesday (Jul 31) and posted second-quarter results that beat market expectations, boosted by its cancer and HIV portfolio. CEO...
Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing
Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing
July 31, 2024
DEMAND for hybrids is likely to deliver another quarter of double-digit growth for Japan’s Toyota Motor when it reports earnings on Thursday (Aug 1), although it is expected to...
Pfizer lifts annual profit forecast on strong cancer, heart drug sales
Pfizer lifts annual profit forecast on strong cancer, heart drug sales
July 30, 2024
Pfizer also expects full-year revenue of US$3.5 billion from its antiviral drug, Paxlovid, which is used in high-risk Covid casesPfizer, which is dealing with a sharp revenue drop from...
Pan-United H1 net profit up 34% to S.6 million
Pan-United H1 net profit up 34% to S$18.6 million
July 30, 2024
Revenue in H1 has risen 7 per cent to S$384.7 million, 7 per cent higher than the S$360.2 million figure in the year beforePAN-UNITED Corporation posted a net profit...
Merck cuts annual profit forecast
Merck cuts annual profit forecast
July 30, 2024
Merck on Tuesday (Jul 30) cut its full-year earnings forecast, mainly due to one-time charges from its acquisition of eye-focused drug developer EyeBio.Merck now expects 2024 earnings of US$7.94...