ING Groep NV saw its third-quarter profit fall sharply after it booked a loss on the sale of operations in South Korea. However the company’s new chief executive said Wednesday profits on an underlying basis were stable and that the company is close to repaying rescue money it received from the Dutch state in times of crisis in 2008 and 2009.
Malaysia Airlines said Wednesday it is on track to become profitable by the end of next year because its business turnaround plan has gained momentum.
Oil prices eased on profit-taking in Asia on Friday but remain supported by concerns about turmoil in Egypt after a crackdown on protesters killed nearly 600 people nationwide, analysts said.
Dell said Thursday its quarterly profit plunged 72 percent from a year ago as the struggling computer giant felt the impact of weak PC sales.
By Ernesto M. Ordoñez
After my commentary on soy’s commercial value and profitability was published on July 6, I received several calls on how soy can bring joy to poor farmers.
By Doris C. Dumlao
Conglomerate Aboitiz Equity Ventures grew its first-semester net profit by 1 percent year-on-year to P11.9 billion, as higher earnings from its banking and food businesses made up for the slack in profit out of the power business.
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.
By Michelle V. Remo
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.
By Daxim L. Lucas
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.