UOB Reports Strong Q4 Performance
In the fourth quarter, United Overseas Bank (UOB) saw a significant rise in net profit thanks to increased non-interest income and fee-related revenues. Financial Highlights Net profit for the quarter…
Sumitomo Electric Industries Shares Surge on Raised Earnings Guidance
Shares of Sumitomo Electric Industries saw a significant boost following an upward revision of its fiscal-year earnings outlook. The company attributed this positive adjustment to the recovery in auto production…
Mercedes-Benz Reports Third Quarter Results
Mercedes-Benz, the German luxury-car maker, released its third quarter results on Thursday. Here are the key details: Net Profit The company's net profit for the quarter was 3.72 billion euros…
Swedbank Reports Strong Q3 Performance
Stockholm, Sweden - Swedbank, a leading Swedish lender, has announced impressive financial results for the third quarter of this year. The bank's net profit rose to 9.12 billion Swedish kronor…
Westpac Banking Corp Forecasts Decrease in Net Profit for Fiscal 2023
Westpac Banking Corp, one of Australia's leading financial institutions, has revealed that its reported net profit after tax for fiscal 2023 will experience a significant reduction. The estimated decrease amounts…
H&M to Report Q3 Results
Sales Hennes & Mauritz (H&M), the Swedish fashion retailer, is set to announce its fiscal third quarter results on Wednesday. The company has already provided a preliminary sales figure, showing…
Sasol Reports Sharp Decline in Net Profit in Fiscal 2023
By Michael Susin Sasol, the South African chemicals-and-energy group, has reported a significant decline in net profit for fiscal 2023. This is a result of various impairments and a reduction…
Freightways Reports 7.3% Increase in Annual Net Profit
Courier and information management company, Freightways, announced that its annual net profit has risen by 7.3%. Despite facing challenges such as disruptions caused by Cyclone Gabrielle and economic slowdowns in…
Zurich Insurance Group Posts Net Profit Below Forecasts
By Mauro Orru Zurich Insurance Group has reported a net profit below analysts' expectations for the first half of the year. The Swiss insurer disclosed that its net profit increased…
Carrefour Confirms Targets for 2023
Carrefour has announced that it is on track to meet its targets for 2023, following its positive financial performance in the first half of the year. Despite a slight slowdown…
Nokia’s Second Quarter Results
Nokia, the Finnish telecom and consumer-electronic company, is set to release its second quarter financial results on Thursday. Here are the key details you should know: Net Profit Expectations Analysts…