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French automotive company PSA Group in the first half of the year increased its net profit by 18% year-on-year to a record 1 billion 481 million euros. Analysts had expected the figure at the level of 1 billion 150 million euros. Revenues reached 38 billion 600 million euros, increasing by 40.1% over the year and exceeding analysts' forecast of 38 billion 370 million euros. In the past half-year the group increased sales by 38% in annual terms to 2 million 180 thousand cars. The profit of the Opel-Vauxhall brand amounted to 502 million euros against a loss of 179 million euros for the last 5 months of 2017. Peugeot, Citroen and DS brands increased profit by 30% to 1 billion 900 million euros.
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 ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
France is expected to recover in 2022, forecasting that the country’s economy will recuperate from its sharpest post-war recession brought by the novel coronavirus crisis, the central bank said on Tuesday. Europe’s second-largest ...
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