The Business Times
business-time-50

Aston Martin posts first profit in eight years as it eyes IPO

Published Tue, Feb 27, 2018 · 09:50 PM

London

BRITISH luxury carmaker Aston Martin Holdings Ltd reported its first annual profit in eight years amid strong sales of its latest sports car models, paving the way for a potential initial public offering.

The manufacturer famous for making film spy James Bond's favourite car said on Monday that pretax profit swung to £87 million (S$159.4 million) last year from a loss of £163 million in 2016. The profit was the first since 2010, according to a spokesman.

TRENDING NOW

About 60 per cent of the job cuts are coming within support functions, including among developers.

Barclays to cut 5,000 jobs in AI-fuelled push to lower costs

OCBC is still the best performing constituent of the STI this year; DBS and UOB are in third and eighth place respectively.

DBS, OCBC, UOB face rate hike reality check

While most businesses say higher costs are eroding their profits, the impact is more keenly felt among companies from Malaysia, Indonesia and Singapore.

Cost over climate: Most Asean firms scaling back decarbonisation plans as higher energy prices bite

The freeze applies to VietJet’s assets worth up to US$251.6 million.

VietJet hit with global asset freeze in FitzWalter dispute

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More