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The second largest toy manufacturer in the world, Hasbro, reported that its net profit for the first 9 months of the year decreased 1.9 times compared to the same period in 2017 and amounted to 211,668,000 dollars, which was caused by the elimination of the chain of children's stores Toys R Us in the USA. Revenues for the period fell by 12% to 3 billion 190 million dollars. The decrease in net profit in the third quarter was 0.6% in annual terms. Quarterly revenue declined by 12%. Revenue from international operations for the quarter was 24% less than a year earlier. In the US and Canada, the figure fell by 7%.
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 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 ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Thailand’s economy hit its sharpest downturn in eight years in the first quarter. Though it contracted by less than speculated, struggling months impend as the coronavirus crisis ravages tourism and domestic activity. Southeast Asia’s ...
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