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Hyundai Motor, the largest car manufacturer in South Korea, reported on the growth of all financial indicators in the first quarter of the year. The company's net profit of 953 billion 800 million won showed an annual growth of 30%. The operating profit indicator increased for the first time in 6 quarters, reaching 824 billion 900 million won and rising by 21% over the year. Experts had expected less significant growth - up to 777 billion 300 million. Revenue amounted to 23 trillion 990 billion won. Its growth in annual terms was at the level of 6.9%. At the same time, the company reduced sales by 30 thousand cars compared to the same period a year earlier. Sales that did not include sales of Hyundai machines in China rose 0.4%. The domestic market also showed sales growth of 8.7% due to the high demand for the new SUV.
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 ...
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 ...
KYC Policy