The company has profited handsomely from an AI boom that has seen tech giants invest billions of dollars in Nvidia chips to power large language models like ChatGPT and Gemini. But doubts remain about whether these companies are actually making money from AI and whether they can maintain their breakneck spending pace. When asked about […]
PetroChina reported record operating profit in the first half of the year amid rising crude oil and natural gas production that more than offset weak Chinese fuel demand. PetroChina, the country’s largest oil and gas producer, reported a 3.9% year-on-year increase in net profit to $12.44 billion (88.61 billion Chinese yuan) in the first half […]
Greenfeed, Vietnam’s leading agricultural company, released its unaudited half-year financial statements in August, reporting net profit after tax of VND655 billion ($26.3 million). The owner of the integrated grocery chain 3F Plus has regained growth momentum despite ongoing disruptions in domestic and global supply chains. At the end of the second quarter of 2024, Greenfeed’s […]
Broadcast and media technology software provider Pebble Beach Systems reported a 12% year-on-year increase in orders in its half-year report on Wednesday, reaching £4.9 million, up from £4.4 million in the first six months of 2023. The AIM (Alternative Investment Market)-traded company said that while total revenue for the period fell slightly to £5.3 million […]
Beazley achieves record profit in the first half of the year | Insurance business Canada Insurance news Beazley achieves record profit in the first half of the year Contribution of the real estate segment highlighted Insurance news By Terry Gangcuangco Beazley Plc has released its interim results and announced a “record profit” for the first […]
New Boeing CEO Kelly Ortberg probably didn’t need reminding of what was coming. Still, the troubled plane maker’s second-quarter results, released just before his termination was announced last Wednesday, underscored the chaos he inherited. The company reported a loss of $2.90 per share, missing analysts’ expectations by nearly a dollar. Operating losses more than tripled […]
