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Italian company Ferrari, specializing in the production of sports cars, following the results of the third quarter, reported a 2-fold increase in net profit compared to the same quarter in 2017 to 287 million euros. Tax benefits and an increase in the supply of cars contributed to the growth. Revenues amounted to 838 million euros, almost repeating the result of the previous quarter. Adjusted EBITDA reached 278 million euros, an increase of 4.7%. The last two indicators did not reach the estimates of experts. During the earnings period, the company delivered 2 thousand 262 cars, increasing the quarterly figure by 11%. In 9 months of the year, net profit increased 1.5 times, EBITDA – by 8%.
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 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 ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
KYC Policy