Philip Chua Business Blog

Posts Tagged ‘revenue’

(SINGAPORE) The government’s 2009 budget deficit is likely to be smaller than projected, leaving room for a substantial fiscal package this year, economists say.
While initial estimates last year were for an $8.7 billion deficit, or 3.5 per cent of GDP, Citi economist Kit Wei Zheng said in a report yesterday that a milder recession than feared means operating revenue is likely to come in above pro… more

(SINGAPORE) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

ST Engineering
Nov 5 close: S$2.97
DBS GROUP RESEARCH, Nov 4

THIRD quarter 2009 revenue of S$1.35 billion (down 2 per cent year-on-year, 4 per cent quarter-on-quarter) and net profit of S$120 million (down 7 per cent y-o-y, up 11 per cent q-o-q) were in line, and nine-months 2009 net profit of S$314 million equates to 74 per cent of our full year projections.
Q3 2009 pre-tax profit of S$149 … more

Yahoo Inc.’s third-quarter profit more than tripled even though the Internet company’s quarterly revenue fell in the double digits for the third consecutive time.

Stocks traded mixed early Monday as a handful of earnings reports signaled that companies are still having a hard time boosting revenue.

Reuters – Gannett Co Inc, the largest U.S. newspaper publisher, reported a lower quarterly profit that beat market forecasts on Monday because of cost cuts, while revenue fell because of a 28 percent drop in publishing advertising sales.

Cost cutting produced a solidly profitable third quarter for Gannett Co. But the latest results for the country’s largest newspaper publisher show another big decline in ad revenue.

Reuters – Johnson & Johnson posted weaker-than-expected quarterly revenue on Tuesday as sales of prescription drugs and cardiac stents disappointed, sending its shares down more than 2 percent.

AP – Wal-Mart Stores Inc.’s expansion in fast-growing emerging markets will fuel earnings and revenue growth, an analyst said on Monday, while giving shares of the world’s largest retailer an “Outperform” rating.

AP – Personal finance and business software maker Intuit Inc. on Thursday posted a wider loss for its fiscal fourth quarter as revenue slipped while expenses rose.