CLP Holdings reported a 6.6% year-on-year rise in net profit to HK$5.99 billion, bolstered by one-off gains including the sale of the Jhajjar Power Station in India. Chairman Michael Kadoorie detailed green energy proposals and high-level mainland meetings.
BP reported a profit jump to $3.91 billion in the April-June period as fossil fuel prices soared amid the US-Iran conflict. CEO Meg O'Neill announced plans to sell several assets, including the North Sea business, as part of a strategic pivot back to oil and gas.
WuXi AppTec reported a 33.7 per cent rise in H1 net profit to 11.08 billion yuan, beating expectations driven by strong demand for weight-loss and diabetes drugs and US growth.
A parliamentary panel in India recommended lowering the minimum age for managing directors from 21 to 18 and raising the maximum age to 75. The committee also proposed measures for reverse-flipping of foreign companies and dedicated NCLT benches.
Wuxi AppTec, Asia's largest contract pharmaceutical research provider, reported H1 net income of 11.08 billion yuan, surpassing market estimates. This strong performance was driven by robust demand for weight-loss and diabetes drugs, alongside significant growth in its US business.
Hyundai Steel Co., South Korea's second-largest steelmaker, reported a 67.6% plunge in its second-quarter net profit to 12.1 billion won, primarily due to a prolonged slump in the construction sector. Despite the significant drop, the results surpassed market expectations, and the company plans to bolster profitability by supplying steel for energy and AI data center projects, alongside building a new EAF plant in Louisiana.
S-Oil Corp., South Korea's third-largest refiner, reported a net profit of 514.6 billion won in Q2, reversing a year-ago loss. This was driven by high refining margins and strong lubricant earnings amid supply disruptions from the Middle East conflict, with steady demand expected in H2.
Korea Aerospace Industries (KAI) reports a 35.2% drop in Q2 net profit to 37 billion won due to delayed revenue recognition from aircraft orders, despite a 41% increase in sales to 1.16 trillion won.
Samsung C&T Corp. reports a 73.9% year-over-year increase in Q2 net profit to 915.5 billion won, driven by a diversified business portfolio despite global economic uncertainty.
Chinese battery giant CATL reported record second-quarter revenue of 147.79 billion yuan and net profit of 22.5 billion yuan, up 56.92% and 36.5% year-on-year respectively. However, these figures slightly missed market estimates, attributed to weakening EV demand in China. The company also announced a plan to buy back up to 40 billion yuan in shares.
Samsung Heavy Industries Co. announced a 4.9% increase in its second-quarter net profit, reaching 222.8 billion won, driven by higher-margin vessels like LNG carriers and enhanced productivity. Operating profit surged 58.7%, and sales rose 20.4%. The company plans to integrate digital, AI, and robotics technologies for future growth.
Woori Financial Group announced a 7.4% increase in its second-quarter net profit to 1 trillion won (US$682 million), driven by rises in both interest and non-interest income. This also marks a 66% rise from the previous quarter.
KB Financial Group reported a record-high net profit of 1.99 trillion won (US$1.36 billion) in Q2, up 14.6% year-on-year, driven by increased interest and non-interest income. Its flagship unit, KB Kookmin Bank, saw a 3.2% decline in net profit due to higher loan-loss reserves.
IndusInd Bank reported a 72% year-on-year consolidated net profit surge to Rs 1,037 crore in the first quarter, driven by lower provisions and operating expenses. Despite flat Net Interest Income and declining fee income and advances, the bank improved asset quality and capital adequacy.
Adani Power reported a 42% year-on-year increase in consolidated net profit to Rs 4,806 crore in Q1, with revenue growing 34% to Rs 18,902 crore. The company's board also approved a fundraising of Rs 15,000 crore, driven by rising power demand and higher capacity utilization.
Hong Kong's Cathay Pacific Airways expects its first-half net profit to surge by up to 75% to HK$6.5 billion (US$829 million), driven by increased passenger and cargo traffic, alongside a HK$1.4 billion gain from its Air China interest dilution.
Punjab National Bank's shares rose nearly 6% after reporting a 214% YoY net profit increase to Rs 5,253 crore in Q1FY27, beating estimates. Improved asset quality and lower provisions led brokerages like JM Financial and Motilal Oswal to upgrade/reiterate ratings and raise target prices.
TSMC, the world's largest contract chipmaker, reported record quarterly profits and raised its revenue outlook, driven by robust demand for AI chips. The Taiwan-based company also announced an additional $100 billion investment to expand its advanced chip manufacturing capacity in the US.
Tata Consultancy Services announced a 4.6% rise in net profit and a 13.9% revenue growth for Q1, meeting market expectations. Growth was driven by the financial services sector and the US market. Net profit reached Rs 13,349 crore, including a Rs 668 crore charge from a DXC settlement.
TCS reported $7.6 billion in June-quarter revenue, a 2.7% year-on-year increase. The company saw a 2.7% sequential decline in net profit due to a one-time charge and annual wage hikes impacting operating margins to 24%. Despite cautious tech spending, TCS resumed workforce expansion, adding 9,279 employees.
Digital payments firm PayU anticipates a 25% expansion in total payment value and lending assets under management within 12-18 months, aiming for net profitability across its fintech operations. CEO Anirban Mukherjee projects Rs 6,700 crore revenue for FY26.
The All India Football Federation (AIFF) and Indian Super League (ISL) clubs have agreed to a four-year club-led model for Indian football. A special purpose vehicle (SPV) will manage commercial aspects, with AIFF receiving administration fees and a share of net profits. Clubs can exit the deal after two years.
Shenzhen Longsys Electronics expects net profit of 9.2-11 billion yuan for H1 2023, a massive jump from 14.8 million yuan a year ago. The surge is attributed to strong demand, limited global capacity, and renewed supply agreements.
The Italian State Printing and Mint Institute (IPZS) reported record-breaking results for 2025, with revenues of €574 million, EBITDA of €236 million, and a net profit of €175 million. The Ministry of Economy and Finance (MEF), as the sole shareholder, will receive the highest dividend ever, equivalent to the entire net profit.
