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Added on the 21/10/2015 16:54:40 - Copyright : Reuters EN
Yokohama, Jul 28 (EFE/EPA).- Japanese carmaker Nissan Motor has registered a net profit of 114.5 billion yen ($1.04 billion) for the April-June period, in contrast with the 285.6 million yen net loss it posted in the same period last year, largely thanks to a good performance in the United States market.Japan's second largest carmaker on Wednesday also announced that during the first quarter of the Japanese fiscal year ending in June, it achieved a gross operating profit of 90.3 billion yen, compared to the loss of 232.3 billion yen between April-June 2020. (Camera: ARCHIVE). ARCHIVE FOOTAGE SHOWS NISSAN CARS AT GLOBAL HEADQUARTERS SHOWROOM OF NISSAN MOTOR CO., LTD. IN YOKOHAMA, KANAGAWA PREFECTURE, JAPAN.
Tesla reported its best quarterly profit on Wednesday. According to CNN, shares of Tesla (TSLA) climbed again in after-hours trading on the earnings report. The auto manufacturer said it hopes to hit its target of half a million car sales this year. The positive report and high target came as good news to investors in the stock, which has gained more than 400%. There had been doubts that Tesla could achieve its goal of delivering 500,000 due to the Covid-19 pandemic.
Seoul, Jul 30 (EFE/EPA).- South Korean giant Samsung Electronics achieved a net profit of 5.55 trillion won ($4.67 billion) in the second quarter, a 7.33 percent year-on-year increase, driven by its semiconductor division.The company's gross operating profit between April and June was 7.7 trillion won, 8.21 percent more than the same quarter of 2019, while its operating profit stood at 8.15 trillion won, an increase of 23.48 percent year-on-year, Samsung Electronics said in a statement on Thursday."Even as the spread of COVID-19 caused closures and slowdowns at stores and production sites around the world, the Company responded to challenges through its extensive global supply chain, while minimizing the impact of the pandemic by strengthening online sales channels and optimizing costs," the statement said. (Camera: JEON HEON-KYUN).SHOT LIST: A SAMSUNG STORE IN SEOUL, SOUTH KOREA.
The automaker's revenue shot up to a record, driven by strong sales in the U.S. and China. But as Fred Katayama reports, one analyst says those results are unsustainable.
Volkswagen Q1 profits beat even the higher estimates in a Reuters poll as the carmaker posts a surprise gain on special items related to provisions for its diesel emissions scandal. Julian Satterthwaite reports.
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