sales growth


Weak US data underscore growing headwinds to economy

WASHINGTON, Feb 22 — New orders for key US-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp…

FTSE 100 lower as weak dollar hits exporters but Reckitt shines after results

LONDON, Feb 18 — Britain's blue-chip index inched lower and off its four-month high, as a weaker dollar weighed on exporter stocks while consumer goods giant Reckitt Benckiser jumped after forecast-beating sales growth. The FTSE 100 index and the…

Nestle profit surges as Swiss food giant eyes selling Herta

ZURICH, Feb 14 — Swiss food giant Nestle said today that profits surged last year, boosted by income from the disposal of businesses, and it would consider selling its Herta charcuterie business. Net profit leapt 41.6 per cent to 10.1 billion…

Strong recovery anticipated for CCK’s prospects

KUCHING: The team at Public Investment Bank Bhd (PublicInvest Research) sees strong recovery in Sarawak’s CCK Consolidated Holdings Bhd’s (CCK) prospects after having suffered from a double whammy in recent times due to a steep decline in egg prices and an increase in feedstock cost. The research firm in its initiation report on the stock […]

AmorePacific to grow figures by 20 pct this year

KUALA LUMPUR: Global beauty company, AmorePacific Malaysia Sdn Bhd targets its sales and profit to grow by 20 per cent this year, bolstered by expanding brands portfolio and sales channels, as well as extensive marketing plans. AmorePacific Malaysia general manager, Margaret Chin said the company, a wholly-owned unit of AmorePacific Corp based in South Korea, […]

Heineken toasts fizziest beer growth in a decade

THE HAGUE, Feb 13 — Dutch brewing giant Heineken today cheered the fastest sales growth in its core brand in a decade, helped by the roll-out of a non-alcoholic beer. Despite a fall in overall profits the world’s second largest brewer recorded…

China Lunar New Year retail sales rise, but pace slowest in years

SHANGHAI: Sales by China’s retail businesses during the Lunar New Year holiday rose 8.5 per cent from a year earlier, pushing up consumer stocks on Monday, but a cooler pace of growth added to evidence the economy is slowing. The Ministry of Commerce, in a notice on its website late Sunday, said retail and catering […]

Gucci grabs limelight in bright Kering results

PARIS, Feb 12 — French luxury group Kering still has plenty of spring in its step despite cutting loose sneaker brand Puma, with Gucci grabbing the financial glamour with a profit margin nearing 40 percent. With the Stella McCartney, Volcom and…

Berjaya Food ‘on the cusp of better times’ — Analysts

KUCHING: Berjaya Food Bhd (Berjaya Food) has been viewed by AmInvestment Bank Bhd’s research house (AmInvestment Bank) as ‘on the cusp of better times’ as the group’s expected earnings growth of 86 per cent for FY19F is attractive coupled with the stellar Starbucks brand. Following a recent meeting with Berjaya Food, the research team said […]

Nokia coy about 2019 growth despite strong Q4 profits

HELSINKI, Jan 31 — Finnish telecoms equipment maker Nokia published better-than-expected fourth-quarter results today, but revised downward its forecast for its networks business in early 2019. Nokia reported a profit of €193 million (RM908…