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Brewing corporation AB InBev, following the results of the first quarter, reported about the growth of net profit 3.5 times compared to the same period a year earlier to $3.57 billion. EBITDA, which does not take into account one-time factors, was at the level of 3.84 billion dollars, having increased over the year by 8.9%. Quarterly revenue of $12.59 billion showed a decline in annual terms by 4%. The revenue indicator, which does not take into account currency fluctuations, grew over the year by 5.9%. The volume of products sold during the earnings period decreased slightly, although in organic terms the figure increased by 1.3%. In the region of Europe, the Middle East and Africa, sales grew by 2.4%, in South America - by 5.9%. At the same time, sales declined in North America by 1.2% and in the Asia-Pacific region - by 1.3%. It is reported that the company is planning an IPO of the Asian division, during which it can raise about 70 billion dollars.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
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