Company results

SingPost’s Q1 operating profit up 55.2% to $4.1 million

SingPost says revenue gains in its post office network and property assets segments largely counterbalanced a mixed performance in logistics and letters.

Lego CEO rules out AI-designed toys as record growth rolls on

Former Brazil footballer Cafu holds a Lego World Cup trophy in front of a giant recreation of the trophy.

Chinese tech giant Alibaba posts AI-fuelled revenue bump

Alibaba’s revenue in the quarter ended June 30 was nearly 269 billion yuan (S$51 billion), up 9 per cent year on year.

JD Sports cuts profit outlook as US sales drop, shares tumble

JD Sports cut its profit outlook as its customers grapple with cost-of-living pressures.

Olam first-half profit jumps nearly sixfold to $1.9 billion on divestment gains

Olam declared an interim dividend of seven cents per share, up from two cents a year ago, plus a special dividend of six cents cents per share.

Starbucks Korea suffers first loss in 27 years on ‘Tank Day’ debacle

SCK Company, which operates Starbucks in South Korea, sank to an operating loss of 18.4 billion won (S$16.6 million) in the three months through June.

Genting Singapore H1 profit falls 33.5% to $156.1 million despite stable revenue

Genting Singapore’s non-gaming revenue has been supported by refreshed attractions, hospitality and experiential offerings.

Lower mortgage rates, policy changes to support Singapore property market in 2026: PropNex

Private home prices are expected to rise 3-4% in 2026, with around 9,000 new private homes sold and strong demand from locals with genuine housing needs.

2 more Cnergy petrol stations expected in Jurong and Marsiling in 2027

Cnergy’s petrol and diesel prices, which are the lowest in Singapore, helped drive the increase in liquid fuel sales.

‘We don’t need to hold 100%’: CapitaLand Investment weighs partial sale of Ascott stake

Chief executive Lee Chee Koon said that Ascott’s steady growth has attracted interest from investors and limited partners, and having another investor could help grow the business further.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.