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KUALA LUMPUR: Malaysia Smelting Corp Bhd (MSC) made a RM22.1mil net profit in the first quarter ended March 31 as the average tin prices jumped to RM100,115 a tonne from RM69,675 a tonne a year ago.
BERLIN: German sportswear company Adidas raised its 2021 sales outlook on Friday, saying it expects strong demand for new products despite ongoing lockdowns in Europe, supply chain challenges and political tensions.
A brisk U.S. economic recovery and stalled factory production in other countries hit by coronavirus have propped up demand for goods made in China
KUALA LUMPUR: Stocks to watch on Friday include IHH Healthcare Bhd, My E.G. Services Bhd (MyEG), Berjaya Food Bhd, Inari Amertron Bhd and MISC Bhd, according to JF Apex Research.
SYDNEY: National Australia Bank Ltd’s (NAB) half-year profit doubled as the bank unwound bad debt provisions amid a strengthening recovery in the country’s economy from last year’s pandemic shock.
TOKYO: Nintendo Co’s earnings beat estimates after hit games like Monster Hunter Rise propped up sales of the Switch, but warned that global chip shortages may disrupt production of its marquee device.