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The revenue of the Dutch company, Royal Philips NV, has reached figures predicted by analysts. The company will increase its annual dividend by 6%, as well as will launch a new program to buy back shares worth 1.5 billion euros. In 2018, Philips increased revenues by 2% to 18.1 billion euros, which is slightly higher than the experts' forecast of 18.06 billion euros. The company's sales rose 5% last year. However, the company reduced profits by 41% to 1.1 billion euros. In the fourth quarter of 2018, Philips' revenue grew by 5% to 5.6 billion euros, while analysts were waiting for a figure of 5.53 billion euros. Sales rose 5% in the fourth quarter of the year. Net profit for the quarter decreased by 22% to 673 million euros. The company deconsolidated the division in the field of lighting engineering, due to which the financial indicators of the quarter decreased. Philips plans to increase sales by 4-6% annually until 2020. During recent trading, the company's shares rose in price by 0.6%.
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 ...
Tax revenues of Germany and of the 16 federal states sunk by 23.5% in April. It declined by a total of 39 billion euros ($43 billion) as the coronavirus pandemic ravages the country’s economy, the finance ministry’s monthly report ...
The Australian central bank bought semi-government bonds for the first time since the quantitative easing program launched to counter the pandemic and its impact. The Reserve Bank of Australia purchased A$2 billion ($1.2 billion) in semi-government ...
Accenture Plc released its study on Wednesday revealing that major banks across the globe are in danger of losing billions of dollars of fee-based retail revenue coming from the intensified regulatory pressure and tougher competition as new ...
The S&P 500 dropped to its lowest in two years on Monday when a sudden rise in coronavirus cases outside China caused investors to worry about valuation after the recent highs. The S&P 500’s 3.5% drop was its heaviest fall in ...
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