Banks in Mozambique have been "real money-making machines". And without much margin for error, it can be said that it has been one of the most profitable businesses, despite the adverse scenarios that the economy has gone through time and time again. This is what this sector has been demonstrating through the reports and accounts presented...
Tag: net profits
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January 31, 2023January 31, 2023Technology & Innovation
Samsung posts 39.5% rise in net profit in 2022
South Korean tech giant Samsung Electronics today announced a 39.5% rise in net profit in 2022 to 55.65 trillion won (41.6 billion euros), thanks to a recovery in the last quarter. The company's sales revenue increased by 8.1% to 302.2 billion won (226.1 billion euros), despite the...
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October 27, 2022October 27, 2022Latest, World, Technology & Innovation
Samsung posts 23.5% drop in net profit in third quarter
South Korean tech giant Samsung Electronics today announced a 23.5% year-on-year drop in net profit between July and September to 9.39 trillion won (€6.6 billion). The result is justified by the slowdown in the global semiconductor sector. At the same time, net profit was down 15.4% compared to the...