French L’Oreal, one of the world's largest manufacturer of cosmetics, following the results of the first quarter, reported revenue growth by 11.4% in annual terms to 7 billion 550 million euros. Experts had expected the figure at 7 billion 370 million euros. The luxury division increased quarterly revenue by 19% to 2 billion 680 million euros. Growth in its comparable sales was 14.2%. The revenue of the consumer goods division was 3 billion 280 million euros, an increase of 7%. The division increased comparable sales by 3.3%. Revenue growth was recorded in all regions. Thus, in Western Europe, the figure increased by 2.1%, in Eastern Europe - by 1.3%. The company's revenue in the Asia-Pacific region jumped by 30.4%, in North America - by 9.2%.
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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 second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...