The Mozambique Airport, a public company has decreased from 3.5 billion meticals in 2019 to 1.5 billion meticals (22 million meticais) in 2021, said the company's president, Américo Muchanga. "Our company, in 2019, had revenues on the order of 3.5 billion meticais. These revenues, in 2020, fell to...
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March 28, 2022March 28, 2022Latest, World, Technology & Innovation
Huawei profits reach 76% in 2021
Huawei said today that profit from asset sales made last year reached 76%. This is a milestone for the company, now under the management of Chief Financial Officer, Meng Wanzhou, since she returned to China last year after nearly three years of detention in Canada. In its biggest annual gain of...
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Adidas profit more than quadruples to 2,116 million euros
Sporting goods manufacturer Adidas revealed Wednesday that it posted a profit of €2,116 million in 2021, up 389.6% from the previous year, driven by sales that recovered from the fall caused by the pandemic. Turnover grew 15.2% last year to €21,234 million, while operating income rose to...
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Deutsche Bank to earn 2,510 million euros in 2021
Deutsche Bank posted a net income of €2,510 million in 2021, four times higher than in 2020 (€624 million) and the highest since 2011. Deutsche Bank reported last Thursday that revenues increased last year to €25,410 million (+61TP2Q), and that it reduced provisions...
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Microsoft hits $39.3 billion profit in second half of 2021
Microsoft announced a few days ago a profit of 39.3 billion dollars in the second half of 2021, up 34% year-on-year, for a turnover of 97 billion dollars, 21% higher than the same period last year. According to information provided by the Lusa news agency, among Microsoft services whose revenues grew most, the highlight goes to the...
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January 8, 2022January 10, 2022Economy
"Commercial banks to bill 11 billion Meticais in 2021," - WB report
According to the report of the Bank of Mozambique, in the first half of 2021, the banking sector continued to record profits, despite the pandemic, as profits increased by 3 billion Meticals, settling at 11.2 billion Meticals, until June 2021. This variation, according to the semi-annual report of the Bank of...
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DHL may set new record in operating profit
Deutsche Post DHL Group may hit a record high of more than 7.7 billion euros this year, according to an upward revision to operating profits, which are in line with the growth seen in the third quarter, in which the company "grew strongly." A statement from the group said that for the third quarter of...
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Galp wants government support to increase cash flow towards green economy
Galp Energia CEO Andy Brown said he intends to increase cash flow and profits, and follow through with the company's strategic transformation plan focused on renewable energy, biofuels and hydrogen. The pillar of the Portuguese oil company noted that the company's goal of making its operations less harmful to the environment requires, in...
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Nokia achieves 463 million euro profit in Q3
Nokia today revealed that it had a 463 million euro profit in the third quarter of this year, against a positive result of 305 million euros in the same quarter of the previous year, according to Lusa news agency. The Nordic cell phone and fixed network equipment maker's profit came in above forecasts...
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October 27, 2021October 27, 2021Marketing & Advertising
Puma raises sales outlook despite supply challenges
Puma announced Wednesday that it has raised its sales forecast for this year, despite constraints from a supply chain blockage due to covid-19 in Vietnam, port congestion and container shortages