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Japanese company Fast Retailing, Asia's largest clothing retailer, reported on the results of the second financial half year ended in late February. During this period, its net profit increased in annual terms by 9.5%, reaching 114 billion 29 million yen. The company recorded a semi-annual operating profit of 172 billion 900 million yen, its growth was at 1.4%. Revenue amounted to 1 trillion 270 billion yen, an increase of 6.8%. All financial indicators during the earnings season reached record levels. At the same time, Uniqlo, the largest company's brand, reduced the profit margin of Japanese operations by 3.3%, which was due to discounts on its winter collection amid warm weather. In Japan, Uniqlo's operating profit fell by 24%, while revenue fell by 0.5%. At the same time, operating profit abroad increased by 9.6%, revenue jumped 14.3%.
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 dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
KYC Policy