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Following the results of the third quarter, the largest aerospace concern in Europe, Airbus Group, reported an increase in net profit 3.1 times compared to the same quarter a year earlier to 957 million euros. Factors such as the acquisition of the Canadian Bombardier business and strong demand for the company's aircraft had a favorable effect on the indicator. EBIT amounted to 1 billion 560 million euros, rising 3.4 times over the year. During the earnings period, Airbus increased its revenue by 20% to 15 billion 450 million euros. The company also reported that it ended 9 months of the year with a 4% increase in profits and 6% in revenues. During this period, the number of aircraft delivered to customers increased to 503 units from 454 units a year earlier. However, helicopters managed to deliver only 218, which is 266 units less than last year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
KYC Policy