British Petroleum (BP) raked in at least $500 million during the third quarter of this year, as most of the world's energy companies were hurt by the gas crisis. As the world economy reeled from the damage that came with the Covid-19 pandemic, it saw an exacerbated consumption of...
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Tesla manufacturer posts $1.6 billion in profits
Electric car maker Tesla, led by Elton Musk, surpassed $1.6 billion in profit in the third quarter, nearly five times more than in the same period last year, the company said in a statement after the New York stock market closed. In the first nine months of the year Tesla has accumulated...
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Companies will profit USD 150 billion from container shipping this year
Shipping consultancy Drewry has revised upwards its forecast for container shipping companies' profits to $150 billion in 2021. The expectation is that in 2022 profits will be slightly better. Congested traffic and growing demand drive freight rates higher and higher, and...
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AFRICAN listed companies post better-than-expected profits
A study by Riscura, a market analysis and monitoring company, has revealed that 13 of the 15 listed companies - outside of South Africa - had profits that exceeded their expectations during the first half of 2021. The best performance was achieved by Coronation Africa Frontier which generated a profitability of...
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Tesla with record profit close to $1 billion
The US electric vehicle manufacturer founded and led by Elon Musk, reported record net income of $1.14 billion in its fiscal second quarter
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July 21, 2021July 21, 2021Companies
Coca-cola company's profits soar 481TP2Q2 in Q2
Coca-Cola's net profit increased 48% in the second quarter of 2021, year-on-year, to 2.2 billion euros, according to the report of accounts sent to the US supervisor and published today on the brand's website