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The British manufacturer of household chemicals and medical products, Reckitt Benckiser, following the results of 2018, reported on the fall of net profit by 65%, or 2.9 times, to 2 billion 160 million pounds sterling. Such a significant drop is explained by the fact that one-time income from the sale of RB Food business and income received as a result of the US tax reform were included in the profit indicator for 2017. The profit indicator, which does not take into account one-off factors, in 2018 grew by 4%. Revenue amounted to 12 billion 600 million pounds, an increase of 10%. Comparable sales have increased over the year by 3%.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
KYC Policy