Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip manufacturer, reported a 32 percent jump in profits in the final quarter last year, benefiting from increasing global sales of smartphones and tablet computers.
Thrift banks in the country registered higher profits in the first half as robust economic growth led to higher demand for consumer loans and other financial services.
Sony is in talks with suitors including Taiwan’s Hon Hai Precision over the sale of its battery business, a report said Thursday, as the Japanese firm tries to repair its dented balance sheet.
Publicly listed Ayala Corp. Tuesday reported stronger nine-month performance figures, citing the robust contributions of its property, banking and water businesses to the bottomline.
Swiss cement group Holcim reported a 10.3-percent rise in net profits to 1.1 billion francs ($1.2 billion, 925 million euros) for the first nine months of the year, in a statement on Wednesday attributing this to growth in emerging markets.
Research firm IHS said Microsoft and Apple are garnering the highest profit margins for their tablets, followed to a lesser extent by Google and then Amazon.
Air New Zealand has announced it will axe its Hong Kong-London service with the loss of 70 jobs and introduce a code-share with Cathay Pacific on the Auckland-Hong Kong route.
Toyota Motor will hike its operating profit forecast for the year by 5.0 percent to 1.05 trillion yen ($13 billion) when it releases it earnings later Monday, Japan’s public broadcaster NHK reported.
Apple Inc. paid an income tax rate of only 1.9 percent on its earnings outside the U.S. in its latest fiscal year, a regulatory filing by the company shows.
Universal and commercial banks in the country registered higher profits in the first semester, as growth of the economy spurred an increase in demand for loans and other banking products and services.
The country’s largest shopping mall developer SM Prime Holdings Inc. grew its nine-month net profit by 15 percent year-on-year to P7.4 billion, underpinned by growth from new malls, same store sales and improved operations in China.
The Philippine Amusement and Gaming Corporation raked in a whopping P4.38 billion in the first three quarters of 2012, placing its gross income at P31.16 billion by the end of September.
