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Italian oil and gas company Eni published a report on the results of 2018, according to which, its net profit showed an increase of 25% and reached 4 billion 226 million euros. Revenues reached 76 billion 926 million euros, rising by 8.4%. The report for the last quarter of last year revealed weak financial results of the company. Its net profit fell 4 times compared to the same period in 2017, dropping to 499 million euros. Annual revenue decline was 3.7%. Its volume fell to 20 billion 109 million euros. The hydrocarbon production index for the quarter also showed a decrease of 1%, while in 2018 it grew by 2% to 1 million 851 thousand barrels of oil equivalent per day.
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 ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
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