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Edaran Otomobil Nasional Bhd (EON), which recorded a more than 31% drop in new car sales for the first three months, posted lower unaudited net profits of RM62.2mil for the first quarter ended March 31, 2003, compared with RM105.9mil in the same period last year.
BEIJING: Profits at China's industrial firms rose sharply in May, maintaining the previous month's sizzling pace despite signs of slowing momentum in the world's second-largest economy and an intensifying trade spat with the United States.
TOKYO: Share buybacks by Japanese companies are sharply down from last year despite rising profits, suggesting that Japan Inc’s commitment to raising shareholder returns could be waning.
HONG KONG: Chinese industrial profits rose 14% in April from a year earlier as global trade increased.
TOKYO: Mitsubishi UFJ Financial Group Inc, Japan’s top lender by assets, and No. 2 Mizuho Financial Group Inc said their quarterly net profits had risen by more than a third, driven by a rally in Japanese stocks that pushed up the value of their equity portfolios.
PETALING JAYA: Low-cost carrier AirAsia Bhd will only start equity accounting its share of profits from Thai AirAsia (TAA) and Indonesia AirAsia (IAA) when the amount of unrecognised losses from these associates have been reversed, the airline told i>StarBiz/i>. Some analysts say that can take place as soon as the year after next.
British Airways' fourth quarter pretax profits fell to 5 million pounds (US$9.3 million; euro7.3 million) from 45 million pounds a year earlier, largely because of rising fuel costs, but the carrier's full-year pretax profits jumped sharply, it said Friday.