South Korean company Samsung Electronics announced this Friday that it expects operating earnings of around 4.3 trillion won (3.2 billion euros) in the fourth quarter of 2022, 69% less than in 2021. According to Lusa, the forecast result is justified by the fall in the price of memory chips and the reduction in demand...
Financial rating agency Moody's expects "solid profits" for banks in 2023, with rising interest rates and strengthened balance sheets offsetting the global economic slowdown. "Global banks will be protected from rising non-performing loans in 2023 by rising interest rates and solid reserves and the...
Hidroeléctrica de Cahora Bassa (HCB) has earned a little over 1.4 billion Meticais in the last three years, as a result of selling energy to national companies in the sector. The information was announced yesterday by the President of the Republic, Filipe Nyusi, during the gala celebrating 15 years since HCB was...
German sporting goods manufacturer Adidas posted €1,124 million in profit through September, down 41.3% year-on-year, due to problems in China, falling demand in Western markets and extraordinary costs. According to the company revealed today, turnover improved in the same period to 17,306 million...
US oil companies ExxonMobil and Chevron announced on Friday that they ended the third quarter with strong increases in profits, which in the case of the former reached 19,660 million dollars. Between July and September, ExxonMobil's net profit was almost three times what it was a year ago, according to a statement. Chevron's profit...
Social network TikTok continues its path of expansion and has already become the most money-making social media app in the world from in-app purchases. In the month of September alone, it raked in more than $2.5 million per day (about €2.51 million) in revenue derived...
Galp Energia posted a profit of €608 million in the first nine months of the year, up 86% year-on-year. All business segments showed "strong performance", but the increase in oil prices and the refining business help explain the results. Through September, margins of...
The profits of China's major industrial companies fell by 2.1% year-on-year between January and August, deepening the trend of contraction, according to data released today by the National Bureau of Statistics of the Asian country. When the data is negative, the Chinese statistics avoid releasing the monthly evolution, opting instead to publish the joint value...
China's major construction companies are failing to generate enough cash to meet their obligations, according to an analysis of their results, suggesting a worsening liquidity crisis in the country's property sector. Net profits of construction companies fell by an average of 188% in the first six months of 2022, year-on-year, from...
The conflict in Ukraine, high inflation and rising energy prices are hurting many companies around the world, but oil companies are posting record gains. Taking advantage of steep oil and gas prices in the geopolitical context, European oil companies rake in more than 55 billion...