Profit
FedEx jumps on profit beat, improved margins in its Express unit
FEDEX shares surged in premarket trading on Friday (Mar 22) after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest...
CK Hutchison warns growth risks building after profit drops
CK HUTCHISON Holdings reported its steepest drop in profit since 2015 and struck a cautious tone for the year ahead as uneven growth and heightened geopolitical risks weigh on...
China’s Ping An Insurance posts 22.8% fall in 2023 profit
PING An Insurance (Group) of China saw a 22.8 per cent drop in net profit last year, the insurance giant said on Thursday (Mar 21). The group posted net...
China’s Ping An Insurance 2023 net profit falls 22.8%
PING An Insurance (Group) of China’s net profit fell 22.8 per cent year on year in 2023, the insurance giant said on Thursday (Mar 21), hit by a slowdown...
Hindenburg shorts data centre firm Equinix alleging inflated profit metric
HINDENBURG Research on Wednesday (Mar 20) disclosed a short position in data centre firm Equinix that operates as a real estate investment trust (Reit), alleging exaggerated profitability metric amid...
Geely profit beats estimates even as China’s price war rages on
GEELY Automobile Holdings, the Hong Kong-listed arm of billionaire Li Shufu’s auto empire, posted earnings that beat estimates and reiterated an outlook for further sales growth this year despite...
Top Glove trims Q2 loss to RM51.2 million, aims to return to profit in 2 quarters
TOP Glove Corporation executive chairman Lim Wee Chai expects the company to return to the black by FY2025, as Malaysian glove-makers continue to close the price gap with competitors...
Prudential posts 43% rise in FY2023 new business profit
PRUDENTIAL reported 43 per cent rise in new business profit to US$3.1 billion for the financial year ended last December, as compared to US$2.2 billion a year ago. On...
