Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital Xiaomi parlayed its popularity with an existing customer base to rake in orders for its push into…
Tag
profitability
How my meal delivery company beat the odds to get to profitability
In early 2022, the meal delivery company I founded, Tovala, went out to raise $100mm from venture capitalists. Our business could not have been hotter. We’d crossed $110mm of revenue,…
Top Glove shares surge 7.3% to two-month high on return to full-year profitability
The group attributes its improved performance to improved glove demand and cost efficiency Shares of Top Glove soared on Friday (Oct 10) morning after the Malaysian glovemaker posted its…
Top Glove shares end flat after 7.3% surge in intra-day trade on return to full-year profitability
The group attributes its improved performance to the higher demand for gloves and its cost efficiency Shares of Top Glove soared on Friday (Oct 10) morning after the Malaysian glove-maker…
Top Glove swings into the black with RM38.6 million Q4 net profit; returns to full-year profitability
It declares a final dividend of 0.48 sen per share and attributes the improved performance to stronger demand Malaysian glove-maker Top Glove on Thursday (Oct 9) posted a net profit of…
MetaOptics looks to SGX Catalist debut for path to profitability
When Mark Thng first launched MetaOptics Technologies’ operations in June 2021, it was out of a tiny office in Roxy Square. The rent was just S$300 a month, but the space was so small it…
Estée Lauder’s Sales Decline in Fourth Quarter, Tariffs to Impact Profitability by $100 Million Next Year
The Estée Lauder Cos. saw net sales slide 12 percent in its fourth quarter and the company expects tariff-related headwinds to impact fiscal 2026 profitability by about $100 million. For…
Nextdoor cuts 12% of workforce in quest for profitability
Nextdoor Holdings, the neighbourhood social networking company, is eliminating 12 per cent of its workforce, part of a broader effort by chief executive officer Nirav Tolia to achieve…
AirAsia owner Capital A swings to annual loss on forex losses, expects profitability in 2025
Capital A swung to an attributable loss of RM475.1 million (US$106.5 million) in 2024, from a profit of RM255.3 million in the previous year MALAYSIA’S Capital A Berhad, owner of budget…
Cordlife expects to be in the red for FY2024; ‘no assurance’ of profitability in FY2025
PRIVATE cord-blood bank Cordlife expects to post a loss for the 2024 fiscal year due to the financial fallout from lapses discovered in the storage of its cord-blood units two years ago.…
STI’s new high: A narrow group of companies unlocking value, lifting profitability has driven the run
GIC shouldn’t allocate funds to ‘pump-prime’ the market; another vehicle should be formed to seize the economic benefits of a more vibrant local market ecosystem The Straits Times Index…
Singapore investors think AI investments boost companies’ productivity, profitability: PwC survey
SINGAPORE investors think technological advances will be the most significant driver of change for the businesses they invest in – ahead of factors such as government regulation,…