Corporate profits

Ericsson beats quarterly core profit estimates, shrugs off tariffs

The Swedish group outperformed rivals in winning US contracts

In an essay, the philosopher Alasdair MacIntyre describes two fishing crews to show the difference between profit-maximising and the pursuit of excellence.

Why is modern commerce corrosive?

It’s a topic of today, but one philosopher hit the nail on the head years ago

Profits plunged 17.8 per cent in August from a year earlier following a 4.1 per cent increase in July.

China’s industrial profits suffer biggest slump this year, adds to economic woes

The country plans to issue US$284 billion of sovereign debt this year as part of a fresh fiscal stimulus

Voting 7-2, the justices said Congress has the constitutional power to tax people and companies on their share of undistributed corporate income.

Supreme Court upholds US tax on foreign business income

The case is being closely watched because of its potential implications for Democratic proposals to impose a wealth tax

The Detroit automaker expects an annual core profit of between US$10 billion and US$12 billion.

Ford reaffirms annual core profit outlook

Ford Motor reaffirmed its annual core profit outlook on Tuesday (Mar 26).

Rolls-Royce acknowledges the downtime on the XWB-97 engine is greater than expected but denies suggestions that the performance level equates to being “defective”.

Emirates tells Rolls-Royce: Go back to basics, put products first

The head of Dubai’s Emirates has urged Rolls-Royce to go “back to basics” and focus on the performance of its engines, a day after the British firm laid out plans to quadruple profits.

The supermarket group, which has a near 28 per cent share of Britain’s grocery market, expects a year to end-February 2024 retail adjusted operating profit of £2.75 billion (S$4.66 billion) versus the £2.49 billion made in 2022/23.

Britain's Tesco raises profit outlook after strong Christmas sales

Tesco, Britain’s biggest retailer, on Thursday (Jan 11) upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Chr...

The results come even as the Japanese investment group managed to pull off the long-anticipated IPO of chip designer Arm, although it did not record proceeds from that as earnings as Arm remains a subsidiary.

SoftBank books US$5.2 billion quarterly loss as investments and weak yen bite

SoftBank Group on Thursday (Nov 9) booked a US$5.22 billion loss, marking its fourth straight quarter in the red, as it wrote down the value of some investments and a weak yen lifted the cost of its d...

The company reported a profit of US$3.2 billion, or US$3.39 per share, for the three months ended Sept 30, compared with US$2.5 billion, or US$2.58 per share, a year earlier.

Mastercard Q3 profit rises

Mastercard on Thursday (Oct 26) reported a rise in third-quarter profit, as consumer spent on travel and entertainment.

Profit attributable to DP World’s owners in the six months to June was down 9.7 per cent at US$651 million from a year earlier, when the port operator posted record profit of US$721 million.

Dubai's DP World posts 10% fall in H1 profit, flags uncertain trade outlook

DUBAI’S state-owned ports giant DP World said on Thursday (Aug 17) its first-half profit fell nearly 10 per cent from a year earlier, even as revenue climbed nearly 14 per cent, and flagged an uncerta...