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Royal Philips of the Netherlands reduced its third-quarter net profit by 8% to 291 million euros. Its dynamics were negatively affected by expenses caused by the lighting equipment manufacturing division of Philips Lighting. At the same time, the adjusted profit showed an increase of 7% to 568 million euros in the last quarter, while experts had predicted 584 million euros. Revenues amounted to 4 billion 310 million euros, an increase of 4% over the quarter. Comparable sales generally rose 4%. The figure in Latin America grew by 10%, in Western Europe and North America – by 2%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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 second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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