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Chinese company Xiaomi, specializing in the production of electronics, reported that following the results of 2018, it received a net profit of 13 billion 480 million yuan while a year earlier it recorded a net loss of 43 billion 890 million yuan, finversia.ru writes. Revenues amounted to 174 billion 920 million yuan, noting an increase of 52.6%. The increase in revenue was observed in all business segments. The smartphone unit increased by 41.3%. TV sales jumped 225%. Significant revenue growth was also recorded in the field of Internet services and advertising. The first indicator increased over the year by 61.2%, the second one - by 79.9%. Xiaomi sales outside China jumped 118%. Foreign revenues accounted for 40% of the company's total revenue, up from 28% in 2017.
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, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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