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Italian fashion house Prada in the first half of 2018 increased its net profit by 10.7% in annual terms to 105 million 700 thousand euros. The profit before tax and interest payments increased by 16% and amounted to 159 million 200 thousand euros. EBITDA increased by 8% to 270 million 800 thousand euros. Revenues amounted to 1 billion 535 million euros, increased by 3.3% in annual terms. The increase in sales was recorded in all regions. In Europe, sales excluding currency fluctuations increased by 7%, in the Asia-Pacific region - by 14%, in the Americas - by 8%, in Japan - by 9%, and in the Middle East - by 7%. As part of the optimization of the retail network, the company has opened 17 and has closed 13 stores since the beginning of 2018.
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 ...
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