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...Though TikTok remains unprofitable because of its heavy investment in global expansion, ByteDance as a whole recorded $28bn in net profit for 2023, the people with knowledge of its finances said....
...It booked net income of ¥166bn, compared with ¥93bn in its last financial year....
...But I’ve long thought it would be helpful to have a G that was more related to the E....
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...Having Blizzard game licences in its portfolio is not just about the boost to its net income. Crucially it gives NetEase an edge over Tencent, its biggest local rival....
...City officials got tired of dealing with piles of e-scooters discarded on sidewalks and roads. Since 2018, Bird has racked up more than $1.6bn in net losses....
...High interest rates and the capital-intensive nature of building clean energy projects are making it difficult for companies to finance projects, with 70 per cent of executives identifying lack of returns...
...Cracks show in Thames Water’s financial plumbing The supposedly bulletproof capital structure used to finance Thames Water isn’t looking so solid.The finances backing the UK’s largest water utility and...
...As a corporate e-learning company, the thinking was it would be recession-resistant because its customers were required to use its product from a regulatory and compliance perspective....
...BYD’s annual results, published after markets closed in China on Tuesday, follow a more than 400 per cent jump in annual net profit in 2022....
...Japanese stocks traded on a P/E of 67x in 1990. The Nifty 50 traded on a P/E of 34x in 1973....
...SIG now owns roughly 15 per cent of ByteDance, a stake worth about $40bn that represents a significant chunk of Yass’s net worth, according to people familiar with the matter....
...Meta’s finance chief Susan Li said capital expenditure would rise to $40bn this year and go even further in 2025, projections that overshadowed a 91 per cent increase in first-quarter net income....
...As Chris Verrone of Strategas noted yesterday, rising breadth helps make market euphoria look a bit less scary: The immediate risk we see is sentiment (i.e., the bar of expectations is high), but so far...
...Ford is reducing production of the F-150 Lightning, the electrified version of its best-selling pick-up truck, and this week it slashed prices on the Mustang Mach-E SUV....
...Ann E Harrison is an economist and the 15th dean of the Berkeley Haas School of Business....
...SK Hynix reported a net loss of Won1.38tn in the fourth quarter, compared with a net loss of Won3.75tn in the same quarter a year ago. Revenues rose 47 per cent year on year to Won11.3tn....
...Consensus forecast expects Rocket to swing back to a net income of $613mn this year and $1.2bn in 2025....
...list is designed to put pressure on the roughly half of companies on its Prime section that have a price-to-book ratio of less than one — meaning the market values them below the stated worth of their net...
...These earnings subtract most input costs from earnings, but not net interest charges and any taxation....
...That’s about 10-18 times more than the public finance currently on offer....
...Paul Mason, an analyst with E&P, said: “This is clearly a positive development for the Altium share price....
...A report last year from Majority Action, a non-profit, found that most companies that failed to meet investor expectations for a net zero ambition had no votes flagged against directors or for shareholder...
...Yet they need interest from the high-yield loans to finance the generous deposit rates required to attract savers....
...Luxury items he has raised finance on in the past week include a classic E-Type Jaguar collection, a Ferrari and a Lamborghini. Levels of repeat business are high....
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