Philip Chua Business Blog

Posts Tagged ‘second quarter’

(SINGAPORE) After a sluggish start, listed companies in Singapore made up for lost time in the second quarter, with their bottom lines jumpstarted by the recovering economy. As of last Friday, the 105 companies that had released their financial results for Q2 ended June reported a 47.1 per cent year-on-year increase in combined net profit to $3.676 billion. And of the 105, an overwhelming majority... more

OCBC Bank's net profit rose 8 per cent to $503 million in the second quarter compared to a year ago, missing analysts' estimates, as the group struggled to boost its lending income amid low interest rates, while investment income halved due to turbulent financial markets. But OCBC raised its dividend for the first six months of the year to 15 cents per share, from 14 cents previously - the first t... more

J.M. Smucker Co.’s acquisition of Folgers Coffee Co. continues to pay off for the jam maker, helping to more than double its fiscal second-quarter profit, as consumers continue to turn to the company’s well-known brands and eat at home more during the recession.

J.M. Smucker Co – Folgers – Beverages – Business – Food

SINGAPORE’S life insurance industry marked a second consecutive quarter of recovery with $426 million of total weighted new business premiums in the third quarter, placing the industry near levels before the global recession.
While this is a tad lower than the weighted new business premiums of $444.8 million in the third quarter of last year, it is a jump of 40 per cent from the second quarter and… more

This week’s busy schedule of economic reports brought mostly good news, even if it did end on a somewhat disappointing note. Several of the more leading indicators of economic growth posted strong gains, suggesting that the recovery process is well underway. We still suspect that the second quarter shutdown and…

Global wages fell in the United States and some other wealthy nations in the second quarter of the year, raising questions about whether workers are sharing in any economic recovery.