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Bank Central Asia (BCA) on Monday reported an all-time high annual net profit, as Indonesia’s key tax amnesty programme helped to lower cost of funds for the country’s biggest lender by market value. BCA posted a 2016 net profit of 20.6 trillion rupiah…
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…
South Korea’s LG Electronics on Wednesday reported its second successive year of slumping net profits due partly to weak smartphone sales. Full-year net profit for 2016 was 126.3 billion won (Dh398 million, $109.3 million), the Seoul-based firm said, down by…
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…
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…
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…
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…
Unilever Indonesia’s net profit fell 1.2%; however, the media outlet predicts that as the economy now picks up, so too will the multinational’s performance in the country. Unilever is the “undisputed leader in bath and shower” in Indonesia, according to…
