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Tuesday, June 18, 2019

Tag: revenue

Slack expects US$600 Million in sales this year

The company is following Spotify Technology SA by going for direct listing, as Slack already has so much in total assets – US$1.1 billion and doesn’t need to raise more capital with an IPO.

Media group study finds Google makes billions from news

The report is expected to be presented this week to a congressional hearing on antitrust abuses by Big Tech firms.

Why it’s good for federal govt to transfer revenue to the...

Revenue transfers to states are a much better way of spreading the benefits of growth to all areas of the country and all segments of the population.

Ambank net profit up 33% to RM1.5 bil

Ambank Group CEO Sulaiman Mohd Tahir says the excellent results for financial year 2019 show its transformation strategy is beginning to bear fruit.

Sabah to pursue owed revenue, with or without amendment bill, says...

Shafie Apdal says some matters need no legislative amendment as they are stated in the Federal Constitution.

FIFA register US$700 million extra revenue in latest filings

The results are higher than those projected last June before the start of the World Cup held in Russia.

Dell projects sales growth will slow in fiscal 2020

Dell generated consistently strong hardware sales over the last year amid its transition back to the public market.

AirAsia swings to a loss in Q4 on fuel, lease expenses

It posts a loss of RM395 million for the three months to Dec 31 versus a RM372.6 million net profit a year prior to that.

SP Setia’s property sales exceed target for 2018

The good performance allows SP Setia to declare a final dividend of 4.55 sen per share bringing the total dividend for 2018 to 8.55 sen per share.

Walmart reports jump in 4Q profits on higher US sales

The company's latest increase follows acquisitions of smaller digitally-oriented retail companies and revamping its operations with new smartphone application features and customer offerings.

Uber revenue growth slows, losses persist as 2019 IPO draws near

As it released the numbers, Uber touted the rising use of its app around the world.

Carlsberg chalks RM277 million in net profit for 2018

Carlsberg Malaysia announces it will pay out a record high dividend of 100 sen per share for 2018.

Indonesia sees US$1.6 billion windfall from halal labelling rule

Issuing halal certificates to consumer goods from shampoos to toothpaste and cosmetics may net the government about 22.5 trillion rupiah (US$1.6 billion) in annual revenue.

Twitter shares sink after weaker-than-expected revenue forecast

Investors' concerns over the weak forecast overshadowed strong fourth-quarter results for the social media company that included a 24% jump in total revenue.

Spotify reports 30% rise in quarterly revenue

The streaming company says it will acquire podcast companies Gimlet Media Inc and Anchor.

Harley Davidson sees continued drop in sales

The American iconic motorcycle brand's weakness is the most pronounced in the US market, where sales have declined 10.1% to 20,849 vehicles.

Activist says Sabah leaders now mute on revenue owed by Putrajaya

Sabah and Sarawak activists are not convinced that the federal government will return the billions owed to the two states under MA63.

Now pay us, Anifah tells Putrajaya after record tax collection

The former minister says the monies collected are enough to pay what is owed to Sabah and Sarawak.

Macau casinos rake in US$37.6 billion gaming revenue in 2018

Gambling revenue in Macau rose 14% in 2018 with tax from casinos accounts for over 80% of the Macau government's total revenue.

Academic calls for independent grants commission to channel aid to states

IDEAS fellow Tricia Yeoh says PH shouldn't follow previous BN policy of ignoring needs of opposition states.

Sapura Energy narrows loss to RM31 mil in Q3

Revenue rose by 17% to RM1.5 billion for the quarter under review.

Litrak’s Q2 net profit goes up slightly to RM60.5 mil

The highway concessionaire tells Bursa it has lower revenue due to reduced traffic along the Damansara-Puchong Highway.

Withholding Sabah’s special grant against MA63, says activist

Zainnal Ajamain says continued withholding of the payment could force the people to raise the matter with the UN as MA63 is an international treaty.

Airbnb says quarterly revenue topped US$1 bn

More than 400 million guests "arrivals" have been logged at Airbnb lodgings since the service launched a decade ago.