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American automaker General Motors in the first half of 2018 reduced its net profit by 19.5% in annual terms to 3 billion 436 million dollars, finversia.ru wrote with reference to the company's accounts. Diluted earnings per share fell to 2 dollars 38 cents from 2 dollars 80 cents a year earlier. Revenues decreased by 1.9% in annual terms and amounted to 72 billion 900 million dollars. In the second quarter, the company increased its net profit by 44% to $2 billion 390 million. Revenues amounted to 36 billion 760 million dollars, declining in annual terms by 0.6%.
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 ...
Levi Strauss & Co (LEVI.N) expects that its business would lose footing in the second half of the year. The company deemed it possible even as its sales were seen recovering at its reopened stores, following virus-related lockdowns imposed ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
On Wednesday, Ryanair's (RYA.I) Chief Executive Officer Michael Kevin O'Leary announced that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff. The warning came after the company resumed ...
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