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by Tom Barfield Agence France-Presse Frankfurt am Main, Germany (AFP) — German high-end car maker BMW said Friday it booked a strong first three months with record first-quarter shipments and profits, confirming its targets for the full year. Net profit at the Munich-based group added 1.2 percent year-on-year to reach 2.3 billion euros ($2.8 billion). But operating, or underlying profits fell 3.1 percent to 2.8 billion euros, as revenues slipped 5.1 percent to 22.7 billion. BMW said […]
SEOUL, South Korea (AFP) — Samsung Electronics reported a 73 percent jump in its fourth-quarter net profit on Wednesday, setting a record for any three-month period, mainly driven by demand for its memory chips and display panels. Net profit for the October to December period rose to 12.26 trillion won ($11.4 billion), up from 7.09 trillion won a year earlier, the South Korean tech giant said in a statement. Samsung Electronics, the flagship subsidiary of […]
by John Biers Agence France-Presse Walmart updated investors Thursday on its latest new gadgets and time-saving pickup options to lure shoppers to stores and away from arch-rival Amazon. The good news? The company’s array of investments in e-commerce, store beautification, low prices and higher employee pay are indeed driving up store traffic. The bad news? Profits are down. Walmart US, the biggest division at Wal-Mart Stores, scored a 1.8 percent rise in comparable sales in […]
THE HAGUE, Netherlands (AFP) — Food and consumer products giant Unilever said Thursday profits soared in the first half of 2017, raking in 3.3 billion euros after the Anglo-Dutch firm spurned a takeover bid by US rival Kraft Heinz. The 22.4 percent hike in the first six months compared to the same period last year showed “a substantial step-up in profitability despite the persisting volatile global trading environment,” chief executive Paul Polman said. “The transformation of […]
SAN FRANCISCO, United States (AFP) — Apple on Tuesday reported a rise in quarterly profits but its shares took a hit from slow-growing revenues and weaker iPhone sales ahead of a 10-year-anniversary model on the horizon. Apple said that its profit climbed 4.9 percent to slightly more than $11 billion on revenue rising 4.6 percent to $52.9 billion in the quarterly that ended April 1. Shares of the California-based company were down nearly two percent […]
by Hwang Sunghee Agence France Presse SEOUL, South Korea (AFP) — Samsung Electronics’ profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker. The South Korean tech giant took another blow when prosecutors began investigating its involvement in a corruption scandal, which has seen the country’s president impeached, and sought the arrest of the firm’s de facto leader Lee […]
