Profit
Starbucks points to weaker consumer as profit falls
Starbucks reported lower profits on falling sales on Tuesday (Apr 30) as the coffee giant pointed to weakening consumer sentiment and lacklustre conditions in China as factors behind an...
Japfa posts US$12.4 million Q1 profit, reversing from year-ago loss of US$43 million
AGRI-FOOD company Japfa : UD2 0% recorded a profit of US$12.4 million for the first quarter ended Mar 31, 2024, a reversal from a US$43 million loss in the...
PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
PAYPAL raised its full-year adjusted profit forecast on Tuesday (Apr 30), as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in...
Huawei profit surges 564% as it eclipses Apple in China
Huawei Technologies’ profit rose for the fourth consecutive quarter, a sign the Chinese tech company is taking market share from Apple and other smartphone rivals. The Shenzhen-based company reported net...
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an elevated interest rate and high commodity price...
Lufthansa to cut costs, stop projects as strikes hurt profit
Deutsche Lufthansa said it will initiate a cost-cutting drive at the namesake airline business that includes freezing projects and review hiring in some areas after Europe’s largest carrier was...
Prudential’s Q1 new business profit down 2% at S$743 million
PRUDENTIAL reported S$726 million new business profit for the first quarter ended Mar 31, 2024, 2 per cent down from S$743 million in the same period last year.The annual...
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
HSBC’s group chief executive officer Noel Quinn is retiring after nearly five years in the role, announced the London-headquartered bank on the same day it released its business update...
