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The Swiss Swatch Group, the world's largest watch manufacturer, in the first half of 2018 increased its net profit by 66.5% to 468 million Swiss francs. Operating profit amounted to a record since 2015 629 million francs, increases by 70%. Experts had expected the figure at 612 million francs. The growth of indicators was due to the active demand for watches in Asia. The company increased revenue by 14.7% to 4 billion 270 million francs for six months. Profitability by the operating profit rose to 14.7% from 10% a year earlier, by the net profit - to 11% from 7.6%. Capitalization of the Swatch Group since the beginning of the year increased by 20% to 24 billion 900 million francs.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
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 ...
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 ...
KYC Policy