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Tag: Profits

Retail Asia28/01/2022
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General

Steelmaker Hoa Phat reports 2.5-fold jump in profits

1min
Vietnam’s biggest steelmaker Hoa Phat Group said post-tax profits were up 2.5 times last year to VND34.52 trillion ($1.52 billion). The company sold 8.8 million tons of steel during the year, a 35 percent increase. It accounted for nearly a third (32.6 percent) of the construction steel market. Exports doubled to 2.6 million tons even […]
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Retail Asia03/11/2021
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Finance

OCBC Profits Climb Higher on Lower Allowances

2min0
OCBC’s posted a robust profit increase in the third quarter, which was fueled by a significant reduction in allowances. OCBC registered S$1.22 billion ($904 million) in net profit for the third quarter, according to its latest results, marking a 19 percent year-on-year increase. A significant reduction of allowances by 54 percent to S$163 million due to […]
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Retail Asia23/08/2021
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Automotive

Honda Swings To Q1 Operating Profit

1min0
Honda Motor Co swung on Wednesday to a first-quarter operating profit of 243.21 billion yen ($2.23 billion) from a 113.7 billion loss a year ago as car sales recovered from the impact of the COVID-19 pandemic. Operating profit at Japan’s No.2 carmaker by sales for the three months ended June 30 was double the average […]
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Retail Asia05/08/2021
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Finance

DBS Registers Record First-Half Profits

2min0
DBS maintained profit momentum in the second quarter, resulting in all-time high performance for the first half. DBS registered a record-high profit of S$3.71 billion ($2.75 billion), according to the latest results, marking 54 percent year-on-year growth. Total income slipped slightly by 4 percent to S$7.44 billion and expenses inched 3 percent higher to S$3.13 […]
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Retail Asia31/08/2020
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General

7-Eleven Malaysia keeps profit levels as before Covid-19 outbreak

1min0
Convenience-store chain 7-Eleven Malaysia has maintained its profitability despite the impact of the coronavirus pandemic. Profit for the first half of the current financial year from the brand’s convenience-store and pharmaceutical businesses hit US$5.8 million and $1.4 million respectively. The group’s consolidated profit after tax for the half-year was $3.35 million. The business remained healthy […]
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Retail Asia07/02/2020
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Electronics

Samsung’s net profit dips in Q4 amid declining sales

6min0
The world’s biggest smartphone maker, Samsung Electronics, reported a slump in fourth-quarter net profits, blaming weakening demand in key products and falling chip prices. Net profits in the October-to-December period were 5.23 trillion won ($4.4 billion), down 38 percent from a year ago, it said in a statement. “Fourth-quarter profit dropped from a year earlier […]
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Retail Asia14/05/2018
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Food

Jollibee net profits rises in Q1

1min0
Jollibee Foods Corp. said Friday net income rose 17.3 percent in the first 3 months of the year, as higher expenses offset growth in revenues, according to a stock exchange filing. Net income attributable to shareholders grew to P1.8 billion in the first quarter from P1.5 billion during the same period in 2017, the country’s […]
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Retail Asia11/05/2017
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E-Tailing

JD.com swings to profit first, revenues surge 41%

3min0
E-commerce giant JD.com said on Monday first-quarter revenues lifted 41% for fiscal 2017, as the second-biggest online retailer in China recorded its first profit as a publicly listed company. JD.com reported net income of 239 million yuan ($35 million) for the three months ended March — its first time in the black since listing in 2014. Sales […]
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Retail Asia13/04/2017
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Finance

Vietnam banks aim for high profit in 2017

6min0
At the AGM on March 25, LienVietPostBank’s shareholders agreed on this year’s development plan, aiming to reach US$66.2 million in pre-tax profit, 10 per cent higher than that of 2016 (US$59.5 million). Furthermore, the expected dividend rate was raised to 12%. LienVietPostBank also planned to raise capital from US$285.1 million to US$309.0 million by issuing […]
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Retail Asia07/02/2017
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Telecom

StarHub Q4 profit falls 33.2%

3min0
Singapore’s StarHub revealed its fourth quarter profit fell 33.2% to S$54 million ($38.6 million), as a result of higher costs and growing competition. Revenue for the quarter stayed flat at S$634.8 million, but service revenue grew 1% year-on-year to S$567.1 million. Higher handset subsidies, a higher finance expense and other costs all contributed to the […]
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Retail Asia16/11/2016
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Telecom

PLDT profit falls 20% in 9M16

2min0
The Philippines’ PLDT has reported a 20% drop in net income for the first nine months of the year to 21.7 billion pesos ($442 million) due to higher capex costs and declining revenues. Revenue fell 2% year-on-year to 125.4 billion pesos, but remained stable when excluding the impact of international and national long distance as […]
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Retail Asia08/11/2016
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Automotive

BMW warns profits under pressure as car margins slip

5min0
BMW’s profit margins on cars fell in the third-quarter, hit by spending on more engineering staff and new electric car technologies against a backdrop of stiffer price competition in the U.S. luxury car market. BMW and its rivals are struggling to maintain profit levels amid heavy investment in new technology including electric and self-driving cars, […]
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Retail Asia26/08/2016
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Living

Pertamina Reports Net Profit rp23,8 Trillion Six Months

4min0
PT Pertamina reported US$1.83 billion (Rp23.8 trillion) in net profit in the first half of the year, or an increase of 221 percent from the same period last year. Chief Executive of the state-owned energy company Dwi Soetjipto attributed the increase in profit to improved performance of its business units and efficiency in operation. “We […]
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Retail Asia15/05/2016
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Telecom

Singtel full-year profit grows 2% despite forex hit

2min0
Singtel has reported a 2% increase in net profit for the financial year ending in March to S$3.87 billion ($2.81 billion), despite negative foreign exchange movements. But operating revenue declined 1.5% to S$16.96 billion, the operator revealed. Excluding the impact of forex fluctuations, net profit would have grown 6% and operating revenue would have risen […]
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