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The French automaker PSA Group, following the results of 2018, reported on the growth of net profit by 47% to a historic high of 2 billion 827 million euros. Operating income of $4 billion 400 million showed an annual growth of 43%. Revenue amounted to 74 billion 27 million euros, an increase of 19%. The main reason for good financial performance was the growth of sales by 6.8% over the past year to 3,880 thousand cars. Dividend payments for 2018 increased to 78 cents per share from 53 cents per share in 2017. The company expects stable sales in the European market and their growth in Latin America, China and Russia this year.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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 ...
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