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South Korea’s premier online retailer, Coupang, has witnessed an increase in profits in the third quarter, reflecting a sustained momentum in sales growth. Revenue and Profit Analysis The firm’s net revenues have experienced an 18% upsurge to reach $9.3…
VIPshop Holdings, a prominent Chinese online discount retailer, has reported a decrease in revenue and profit for the second quarter of the 2025 fiscal year. This decline is part of a broader strategic adjustment that the company is currently undertaking.…
Coca-Cola’s quarterly earnings have surpassed expectations, the company reported on Tuesday, due to increased pricing. This comes despite a decrease in sales volumes in significant markets, and the announcement of a new Coca-Cola product made with cane sugar…
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…
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…
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…
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.…
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…
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),…
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…
While half-year revenue was down, profit rose for Kappa brand licensee China Dongxiang Group. The international sportswear company’s revenue for the six months to the end of June fell 3.7 per cent to RMB626 million (US$93.8 million) while profit attributable…
Samsung Electronics said Friday it expects profits to jump 72 percent in the second quarter to a record high, amid soaring memory chip prices and increased demand for smartphones. Operating profit is estimated at 14 trillion won ($12.1 billion) in the…
AirAsia, Asia’s largest budget airline, saw net profit drop 29.8% to RM615.81 million or 18.4 sen a share in the first quarter ended March 31, 2017 (1QFY17) from RM877.79 million or 31.5 sen a share a year ago, mainly due to higher fuel costs as average fuel…
Japan’s Softbank has reported a twelvefold increase in net profit for the March quarter as a result of a recovery at US mobile unit Sprint. Profit increased to 580.5 billion yen ($5.08 billion), on the back of a nearly 2% increase in revenue to 2.32 trillion…
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…
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…
