Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter

TOKYO, Aug 5, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022. Revenue rose 2.3% to YEN871.3 billion year-over-year, resulting in business profit(1) of YEN14.9 billion, a 30.4% decrease from the previous fiscal year, […]

Glencore to return $6 billion to shareholders as profit doubles to record

LONDON (BLOOMBERG) – Glencore will return an additional US$4.45 billion (S$6.14 billion) to shareholders in dividends and share buybacks as first-half profit more than doubled to a record thanks to surging coal prices. Glencore, the world’s top coal shipper, has been one of the biggest winners from the global energy crunch as demand for the […]

Toyota profit slides 42%, hit by double-whammy of supply constraints and costs

TOKYO (REUTERS) – Toyota Motor posted a worse-than-expected 42 per cent hit to quarterly operating profit on Thursday (Aug 4) as the Japanese automaker was squeezed by both supply constraints and rising costs. Operating profit for the three months ended June 30 sank to 578.66 billion yen (S$5.97 billion) from 997.4 billion yen in the […]

Wintermar Offshore (WINS:JK) Reports 1H2022 Results

JAKARTA, Jul 29, 2022 – (ACN Newswire via SEAPRWire.com) – Wintermar Offshore Marine (WINS:JK) has announced results for 1H2022. Total revenue was up 25%YOY to US$25 million, helped by higher chartered vessels revenue. Revenues rebounded in 2Q2022 by 39%QOQ as several vessels commenced operations after delays in 1Q2022. All Divisions turned in positive gross profit […]

Shell quarterly profit rockets to $24.9b on high oil and gas prices

LONDON (AFP, REUTERS) – British energy giant Shell said on Thursday (July 28) that its second-quarter profit rocketed to US$18 billion, smashing its previous record just three months earlier, as it rewarded shareholders with another bumper stock buyback. The surge in net profit in the three months to June was partially attributable to a reversal […]

Pertamina’s largest share of 2021 profit from upstream sector

JAKARTA, Jun 23, 2022 – (ACN Newswire via SEAPRWire.com) – The upstream sector accounted for the largest share of state-owned oil and gas firm PT Pertamina’s (Persero’s) net profit as Indonesian crude prices (ICP) soared in 2021. Pertamina Hulu Energi Offshore Southeast Sumatra (PHE OSES) well in Seribu Islands waters off North Jakarta’s coast (ANTARA […]