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DowDuPont, formed as a result of the merger of two chemical giants Dow Chemical and DuPont, in the first quarter increased its net profit from continuing operations to 1.1 billion dollars compared to a profit of 888 million dollars for the same period last year. Adjusted earnings rose 7% to 1 dollar 12 cents per share, analysts had predicted 1 dollar 9 cents per share. Quarterly revenue was $21.5 billion, increased by 5%. Analysts had expected the figure at the level of 21.4 billion dollars. The company's management expects that in the second quarter revenues will grow by more than 10%, EBITDA - more than 20%.
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 economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
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