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The American cosmetics company, Avon Products, which operates in more than 100 countries around the world, following the results of the first nine months, reported a net profit of $55,700,000, whereas a year earlier it had a loss of $70,400,000. Revenues amounted to 4 billion 170 million dollars, an increase of 1%. During the earnings period, the company reduced sales by 3% to 3 billion 925 million dollars. Avon also reported net profit growth nearly 10 times in the third quarter. The quarterly figure was 113 million 800 thousand dollars. Revenue increased by almost 1% to 1 billion 424 million dollars, sales decreased by 2% to 1 billion 346 million dollars.
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 ...
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