Malaysia Airlines parent reports lower profit in 2024
Malaysia Airlines’ parent company Malaysia Aviation Group (MAG) reported a second consecutive annual profit in 2024, but it fell 93 per cent from the previous year due to lower airfares…
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profit
Sinarmas Land’s H2 net profit drops 5.5% to S$154 million on lower revenue, higher costs
Sinarmas Land reported a 5.5 per cent drop in net profit to S$154 million for the half-year ended Dec 31, 2024, from S$163 million in the same period a year ago. This came as revenue for…
Aztech Global’s Q1 profit plunges 90.6% to S$1.5 million on demand drop
Earnings per share for the period comes in at S$0.002, down from S$0.0206 a year ago Aztech Global’s net profit for the quarter ended Mar 31, 2025, fell 90.6 per cent to S$1.5 million,…
Q&M Dental’s H2 net profit falls 22% to S$4.8 million on lab licence expiry
MAINBOARD-LISTED Q&M Dental Group’s net profit for the second half ended Dec 31, 2024, fell 22 per cent to S$4.8 million, from S$6.2 million in the corresponding year-ago period. This was…
AirAsia owner Capital A expects return to profit this year after 2024 loss
MALAYSIA’S Capital A Berhad, owner of budget airline AirAsia, swung to an annual loss in 2024 due mainly to foreign exchange fluctuations, it reported on Friday (Feb 28), but said it…
HPL H2 profit nosedives 94.4% to S$32.1 million; S$0.04 per share final dividend proposed
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, posted net profit of S$32.1 million for the second half ended Dec 31, plunging from S$578.2 million in…
Zheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash divided proposed
This translates to an earnings per share of 0.2838 yuan for the half-year period, up from 0.0105 yuan the previous year CHINA-BASED waste treatment group Zheneng Jinjiang Environment…
Zheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash dividend per share proposed
CHINA-BASED waste treatment group Zheneng Jinjiang Environment reported a net profit of 411.6 million yuan (S$76.2 million) for the second half ended Dec 31, rising more than 26 times the…
Olam H2 profit falls 83.4% to S$38.4 million; pares proposed dividend to S$0.03 per share
Company blames earnings slide on higher net finance costs, exceptional losses in a ‘tough year for the industry’ AGRIBUSINESS giant Olam Group on Friday (Feb 28) reported a net profit of…
HP sees weaker profit on tariffs; will cut over 1,000 jobs
HP GAVE a profit outlook for the current quarter that fell short of expectations, citing the impact of rising component costs and tariffs on goods from China. Earnings, excluding some…
Jardine C&C posts 4.4% rise in H2 underlying profit to US$602 million
JARDINE Cycle & Carriage (C&C) posted a 4.4 per cent rise in its underlying profit of US$602 million for the six months ended December 31, 2024. This came as revenue for the period rose 9…
Apac Realty’s H2 profit halves to S$3.1 million as new home sales drop
REAL estate services player Apac Realty posted a 53.6 per cent fall in net profit to S$3.1 million for the six months ended Dec 31, 2024, hit by a fall in new home sales. The company’s…
UOL H2 net profit falls 60% in absence of one-time gain
PROPERTY player UOL Group posted a 60 per cent fall in net profit to S$227.8 million for the six months ended Dec 31, 2024. This was mainly due to the absence of a one-time gain from the…
Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues
HONG Kong’s bourse operator reported on Thursday a 10 per cent rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after China’s announcement of…
Centurion H2 net profit almost doubles to S$226.6 million
SPECIALISED accommodation-assets operator Centurion Corporation reported a net profit of S$226.6 million for the six months ended Dec 31, 2024, a 97 per cent jump from S$114.8 million in…
CSE Global H2 net profit dips 1.7%, dragged by US$8 million settlement
SYSTEMS integrator CSE Global’s earnings slipped 1.7 per cent year on year to S$11.3 million in H2 FY2024 ended December, weighed down by an arbitration settlement of US$8 million. The…
Hong Leong Asia H2 net profit rises 12.2% to S$38.2 million
HONG Leong Asia reported a net profit of S$38.2 million for its second half ended Dec 31, 12.2 per cent higher than the S$34.1 million recorded in the year-ago period. Revenue stood at…
Maybank Q4 profit rises 6.1% to RM2.5 billion
MAYBANK’S net profit for the fourth quarter rose 6.1 per cent to RM2.5 billion (S$764 million), supported by improved regional economic conditions, the bank said on Wednesday (Feb 26).…
Food Empire H2 profit down 3.2% at US$28.9 million
FOOD Empire’s net profit fell 3.2 per cent to US$28.9 million for the second half ended Dec 31, 2024, from US$29.8 million in the same period the year before. Meanwhile, its revenue rose…
Raffles Medical jumps 6.7% on 100 million share buyback plan; posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million in the previous…
Shein’s annual profit down by more than a third: report
Online fast-fashion retailer Shein’s profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial Times…
Warren Buffett sounds warning to Washington as Berkshire reports record profit, cash
Berkshire Hathaway on Saturday (Feb 22) reported record annual profits and boosting its cash stake to US$334.2 billion, as Warren Buffett used his annual shareholder letter to caution…
Hong Leong Finance posts 10% rise in H2 profit to S$51.5 million, as net interest margin expands
HONG Leong Finance posted a 10 per cent rise in net profit to S$51.5 million for the six months ended December 2024. This was driven by an expanded net interest margin, at 1.6 per cent, on…
Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery
GLOVEMAKER Riverstone posted a 3.7 per cent rise in net profit to RM70 million (S$21.2 million) for the three months ended December 2024, as it rode optimism in the semiconductor industry.…