Ikea reports higher profit despite revenue hit from price cuts
INTER Ikea, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, ...
Tag: Reports
TSMC to suspend production of advanced AI chips for China from Nov 11, FT reports
TAIWAN Semiconductor Manufacturing Company (TSMC) has notified Chinese chip design companies that it is suspending production of their advanced AI ...
Moderna reports surprise profit on higher-than-expected Covid vaccine sales
MODERNA reported a surprise third-quarter profit on Thursday (Nov 7), driven by cost cutting and higher-than-expected sales of its Covid-19 ...
SMIC reports profit jump, revenue growth as chip sector recovers
CHINA’S largest chipmaker Semiconductor Manufacturing International Corp (SMIC) reported on Thursday (Nov 7) a 58.3 per cent jump in third ...
Puma reports Q3 sales increase on rising running and soccer shoes demand
GERMAN sportswear maker Puma on Wednesday (Nov 6) reported a 5 per cent rise in currency-adjusted sales for the third ...
Yum Brands reports surprise fall in global sales amid KFC’s struggles in US
YUM Brands reported a surprise fall in worldwide same-store sales on Tuesday (Nov 5) as its KFC chain grapples with ...
Thomson Reuters reports higher third quarter revenue
THOMSON Reuters on Tuesday (Nov 5) reported higher than expected third-quarter revenue as it continued to invest in generative AI. The ...
Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi oil giant Aramco on Tuesday (Nov 5) reported a 15.4 per cent drop in third-quarter profit due to lower ...
China state-linked group accused of hacking SingTel, Bloomberg News reports
A CHINA state-sponsored hacking group had breached Singapore Telecommunications (SingTel) in June as a part of a global campaign targeting ...
Shein’s European entity reports 68% sales growth in 2023
SALES by Shein’s Ireland-registered entity Infinite Styles Ecommerce grew 68 per cent in 2023, hitting 7.7 billion euros (S$11 billion), ...
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