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French automaker Renault in 2018 reduced its net profit for the first time in five years. The company reported a 36.6% drop to 3 billion 302 million euros. Revenue and operating profit of the company also showed a decline. Revenue in the amount of 57 billion 419 million euros decreased over the year by 2.3%, and operating profit fell by 6.3%, having reached 3 billion 612 million euros. At the same time, global sales of Renault grew by 3.2%, having reached 3 million 880 thousand cars. The company reduced operating profit margin to 6.3% from 6.6% a year earlier. The share of Renault's new electric vehicles in the European market was 22.2%, which retained the title of the leader for this indicator.
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 ...
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 ...
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 ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
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