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French company Kering, which owns well-known luxury brands, reported that in 2018 its net profit doubled, having reached 3 billion 715 million euros. The figure was significantly higher than experts' forecasts of 2 billion 790 million euros. Reporting for the fourth quarter indicates an increase in the company's revenue by 25% compared with the same period a year earlier to 3 billion 831 million euros, the Gucci brand showed a quarterly increase of 28% in particular. Kering's revenue for the entire 2018 year amounted to 13 billion 665 million euros. Its growth was at the level of 26.3%. At the end of the year, the company’s management decided to raise dividends to 10.5 euros from 6 euros a year earlier.
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 ...
KYC Policy