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Net profit of the American leader of consumer goods, Procter & Gamble (P & G), grew by 18% following the results of the 2018-2019 fiscal years. The profit amounted to 6.427 billion dollars, according to the company's financial statement. The profit of the parent organization increased by 20% to almost $6.4 billion. Diluted earnings per share rose to $2.44 against $2 during the earnings period last year. The company increased sales by 0.2% to $34.128 billion. The second quarter of the fiscal year ended with an increase in profits by 26% to more than $3.2 billion. Profit of the P & G parent company following the results of the second quarter increased by 28% and exceeded $3 billion. Earnings per share reached $1.22, although experts had predicted growth to $1.21. Diluted earnings per share were $0.93 last year. The CEO of the company called attention to the efficiency and internal culture of Procter & Gamble the reason for the high financial performance over the earnings period.
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 ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
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 fell against its peers in early Asian trade as the debate between the Democrats and Republicans over the U.S. economic stimulus measures weighed on the market. The euro rose to its strongest level in over a year after EU leaders ...
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