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British company Burberry, one of the world's leading manufacturers of luxury goods, for the fiscal year ended March 31, increased its operating profit by 4% to 410 million pounds. Pre-tax profit was 413 million pounds, increased by 5%. The net profit of the British company has grown over the year by 2.4% to 294 million pounds. At the same time Burberry reduced annual revenue by 1% to 2 billion 733 million pounds. Its comparable sales increased by 3%. Burberry announced the launch of a share buyback program of 150 million pounds. Over the year, the company's capitalization increased by 9%.
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 ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more ...
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