Tag: Profitability
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ASOS losses shrink as strategic review advances
ASOS reports narrowing losses as strategic review progresses ASOS has narrowed its operating losses in the latest full-year results, signaling that the fashion retailer’s strategic review is taking effect even as revenues faced a setback. The group disclosed that its operating loss for the 52 weeks to 31 August 2025 declined to £212.3 million, down…
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Willi-Food International Reports Q3 2025 Profit Margin Gains and Stronger Margins
Willi-Food International Announces Q3 2025 Results G. Willi-Food International Ltd. (NASDAQ: WILC) released its third quarter 2025 results, highlighting notable improvements in gross profit, operating profit, and overall margins. The company, which operates as a global distributor and developer of food products, emphasized that its focus on efficiency, cost controls, and strategic product mix contributed…
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Singapore F&B Closures 2024: Grab CEO Urges Upskilling for Drivers
Record closures reshape Singapore’s dining landscape The Singapore food and beverage (F&B) sector is undergoing a seismic shift as rising living costs tighten consumer wallets. Data from 2024 show that more than 3,000 restaurants shut their doors, the highest annual tally in nearly two decades. The trend has carried into 2025, signaling structural pressures that…
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UOB Posts Q3 Profit Slump as S$1 Billion Allowances Jump Dents Earnings
Overview: UOB’s Q3 2025 Profit Decline United Overseas Bank (UOB) reported a sharp decline in net profit for the third quarter ended September 30, 2025, as it warned that it had “pre-emptively set aside” higher allowances. The Singapore-based lender posted a quarterly net profit of S$443 million, a significant drop of 72% from S$1.61 billion…
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UOB’s Q3 Profit Plunges as It Pre-emptively Sets Aside More Allowances
Overview: UOB Faces a Sharp Q3 Profit Decline United Overseas Bank (UOB) reported a dramatic drop in net profit for the third quarter ended September 30, 2025. The Singapore-based lender booked a quarterly net profit of S$443 million, representing a 72% year-on-year decline from S$1.61 billion in the prior-year period. The result underscores how UOB…
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Swiggy Shares Climb as Q2 Loss Narrows on Instamart Momentum
Swiggy: Q2 Results Highlight Narrowing Loss amid Instamart Growth Swiggy Ltd, India’s leading food and grocery delivery platform, saw its shares rise about 2.5% to around Rs 434 in trading after releasing its second-quarter (Q2) results. While the company continued to report a net loss for the quarter, the pace of the loss narrowed compared…
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Lower Average Funding Costs for Greek Banks
Introduction The financial landscape in Greece is undergoing a significant transformation, primarily due to the declining average funding costs for Greek banks. With these costs now plummeting to a historical low of approximately 1%, banks find themselves in an advantageous position to enhance their profitability. This development is crucial, especially in the aftermath of June,…