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The net profit of the German energy company RWE in 2018 decreased 5.7 times to 335 million euros. During the earnings period, the adjusted EBITDA fell by 28.4%, amounting to 1 billion 540 million euros. Revenue at the end of the year was at the level of 13 billion 530 million euros, which is 2.7% less than the previous year. Last year, the company generated energy in the amount of 176 billion kilowatt-hours. This figure was 12.1% less than the volume produced a year earlier. According to RWE estimates, its net profit for the current year will show a slight increase compared to the figure for 2018, and the adjusted profit will be between 1 billion 400 million euros and 1 billion 700 million euros.
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 ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
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