Profit
Hapag-Lloyd to seek cost cuts after net profit slump
GERMAN container shipper Hapag-Lloyd on Thursday (Mar 14) said global vessel oversupply and a crisis in the Red Sea will force it to cut expenses in 2024, including adapting...
Foxconn reports 33% rise in fourth-quarter net profit
TAIWANESE tech giant Foxconn on Thursday (Mar 14) reported a 33 per cent jump in net profit during the final three months of 2023, marking the second straight quarter...
UBS starts job cuts at Asia wealth unit after profit slump
UBS Group started cutting jobs at its Asia private banking division this week as a slump in profits weighs on the region’s largest wealth manager, according to people familiar...
Cathay Pacific reports first annual profit since 2019
HONG Kong carrier Cathay Pacific on Wednesday (Mar 13) reported its first annual net profit in four years, citing “significant pent-up demand for travel” following the pandemic. Chair Patrick...
Jollibee targets exponential growth in China to triple profit
JOLLIBEE Foods, the Philippines’ largest restaurant operator, plans to expand its brand internationally and “exponentially grow” in China as it aims to triple its net income in five years,...
Saudi Aramco boosts dividend despite drop in 2023 profit
Saudi Arabia’s state-owned oil giant Aramco said on Sunday (Mar 10) that it boosted its dividends last year despite net profit falling to 454.7 billion Saudi riyals (S$161.7 billion, US$121.3...
Jardine Matheson FY2023 underlying profit up 5% to US$1.66 billion
JARDINE Matheson Holdings on Thursday (Mar 7) posted an underlying net profit of US$1.66 billion for the financial year 2023, up 5 per cent from underlying earnings of US$1.58...
Mandarin Oriental posts underlying profit of US$81 million for FY2023
HOTELIER Mandarin Oriental International posted an underlying profit of US$81 million for FY2023, up from US$8 million a year ago. This translates to a full-year underlying profit growth of...
