The Business Times
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Corporate profits

Telcos, Media & Tech

Ericsson beats quarterly core profit estimates, shrugs off tariffs

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

Why is modern commerce corrosive?

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

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

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

Supreme Court upholds US tax on foreign business income

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

Ford reaffirms annual core profit outlook

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”.
Global Enterprise

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

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.
Companies & Markets

Britain's Tesco raises profit outlook after strong Christmas sales

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.
Companies & Markets

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

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.
Companies & Markets

Mastercard Q3 profit rises

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.
Companies & Markets

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

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