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French fashion house Hermes International reported on the results of 2018. During the earnings period, its net profit rose by 16% to 1 billion 410 million euros, while economists had predicted it at the level of 1 billion 370 million euros. Operating profit showed the minimum growth rate for 9 years amid a weakening of the US dollar and the Chinese yuan against the euro. The figure increased by 6%, reaching 2 billion 50 million euros. Hermes maintained its leadership among luxury manufacturers in Europe in terms of profitability, which was 34.3%, exceeding the company's forecast. Revenues reached 5 billion 970 million euros, its growth was 7.5%. Hermes decided to increase the dividend for the year to 4 euro 55 cents per share against 4 euro 10 cents per share in 2017.
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 ...
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