The net profit of the German automaker Bayerische Motoren Werke AG (BMW) for January-September 2020 decreased almost 1.7 times year on year and amounted to 2.11 billion euros.
Adjusted earnings per share were € 3.2 against € 5.37 a year earlier. Annual revenue decreased by 7.1% to last year’s level – to 69.508 billion euros.
In nine months, car deliveries fell by 12.5% to 1.638 million units, of which the BMW brand accounted for 1.427 million cars (down 11.3%). Deliveries of the Mini decreased by 20% to 208.1 thousand cars, and Rolls-Royce – by 28.5%, to 2,651 units.
In the third quarter, the company’s net profit grew by 17.4% to 1.786 billion euros. Adjusted earnings per share amounted to 2.71 euros against 2.31 euros in the third quarter of 2019. Revenue in annual terms decreased by 1.4% to 26.283 billion euros.
In the third quarter, the company increased car deliveries by 8.6% to 675,592 units. Deliveries of the BMW brand increased by 9.8% – to 585.2 thousand cars, Mini – by 1.9%, to 89.26 thousand, Rolls-Royce – decreased by 9.5%, to 1091 units. At the same time in China, which accounts for a third of deliveries, the figure rose by 31% to 230.9 thousand cars.
The Japanese electronics giant Toshiba Corporation in the first half of the 2020-2021 fiscal year (ended September 30) earned a net profit of 3.493 billion yen ($ 32.95 million) against a loss of 145.146 billion yen ($ 1.3 billion) a year earlier. it is said in the company’s reporting. The company’s operating profit was 3.114 […]
BMW has agreed to pay 18 million dollars fine for distortion of sales data for five years. About it with reference to the Commission on securities and stock exchanges of the USA. According to the commission, from 2015 to 2019, BMW maintained a reserve of unaccounted for car retail sales, which it used to achieve […]
A few days ago the official Facebook-community of one of the Ukraine’s largest shopping clubs LeBoutique was unavailable. The community is quite popular; about 35 000 users signed for the page. As reported in AIN.UA shopping club, the community was blocked by administration of the social network for the use of someone else’s trademark. The […]
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Due to the elimination of corruption patterns in the energy sector, the State Treasury has saved 140 billion UAH. On this figure notified the head of the government of Ukraine Volodymyr Hroisman in an interview to the national news agency Ukrinform. According to the Prime Minister the compensations for Naftohaz and LMKP Teplokommunenergo were hundreds […]
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Last winter two well-known manufacturers of technique went to court with counter-accusations of patent infringement. Apple representatives accused their Swedish competitors in the application of technologies in the transmission network, the Swedes responded by suing a counter statement in which it accused Apple of using of their cellular technologies in the production of its equipment. […]
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Yesterday it took place a press conference with the top management of the group companies WOG, where it were voiced the plans of the largest oil trader and retailer of coffee for 2017. Also, the results of the past year were reviewed. CEO of Business Serhiy Koretskyi, together with the director of retail sales Kudin […]
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In the second quarter of 2020, China’s economy grew after a historic downturn in the previous three months. This was reported by Interfax with reference to the State Statistical Office of China on Thursday, June 16. Thus, China’s GDP in April-June increased by 3.2% compared to the same period last year. The recovery was caused […]
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The new Syrian government has signed an agreement with a company from the United Arab Emirates (UAE) that will invest $800 million in the modernisation of the port of Tartus, which was previously leased by Russia. This was reported yesterday by Reuters. It is stated that yesterday, on 13 July, the General Directorate of Land […]
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ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said. According to the analytical company […]
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The deputies of the Verkhovna Rada of Ukraine (VRU) supported in the second reading a bill amending the law on the abolition of mandatory state registration of foreign investments. For document №2763 on Tuesday, May 31 voted 259 MPs with the required minimum of 226 votes. This bill will help to create the conditions to […]
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The owner and president of DCH Oleksandr Yaroslavsky is ready to attract $ 1 billion in investments in the restoration of the Kharkiv Aviation Production Enterprise. This statement is published on the official website of the DCH. “The DCH Group is ready to take responsibility for the resumption of domestic aircraft construction and raise $ […]
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The computer system of the American medical company Universal Health Services, which has a membership of over 400 medical institutions, has become the object of attack by hackers that demand the ransom. This was reported by CNBC, citing sources from the company’s employees. According to the TV channel, computers in the various institutions of the […]
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The share of the ruble in payments for Russian exports reached a record 55.5% in June, according to the Russian Central Bank. For the first time on a quarterly basis, the ruble’s share in export settlements exceeded half, standing at 53.3%, The Moscow Times reports. An estimated 40% of this increase stems from the need […]
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The attractiveness of Ukraine for many foreign investors has been very high and still remains so. However, due to a number of circumstances, the business climate is not yet conducive to the inflow and growth of investment. The main investors in Ukraine are the Netherlands, Germany, the Russian Federation, Austria, the United Kingdom, the British […]
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By 2024, more than 300 branches of Privatbank will be closed; more than six thousand employees will be fired. Such measures are spelled out in the financial institution’s development strategy approved by the Cabinet of Ministers. It is noted that the bank should leave 1250 branches (according to data for 2020, 1688 of them), and […]
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The Ukrainian “KVV group” put in dead storage its Liepajas KVV metalurgs plant in Latvia because of the crisis in the steel industry and the failure of the negotiations with the Latvian government. “The management of the ” KVV group” forced to take this decision in view of the continuing long-term negative factors, that impede […]
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Indian oil refining company Nayara Energy, in which Rosneft holds a 49.13% stake, has announced the start of legal proceedings against Microsoft. The move comes after the U.S. tech giant “suddenly and unilaterally” cut off Nayara’s access to key services, Bloomberg reports, citing a company statement. “Microsoft is currently restricting Nayara Energy’s access to its […]
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The TMT Investments Company has sold a 7.1% stake in the Depositphotos company to the private European investor, whose name was not disclosed. The deal amounted to $ 5.85 million. Thus, the overall assessment of the Ukrainian company, according to the terms of this transaction, is approximately $ 82 million. TMT will use the proceeds […]
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