Global Invacom Group, a satellite company listed in Singapore and the U.K., announced that it anticipates reporting a reduced net loss and higher gross profit for the first half of the year. Despite a decline in revenue, the company's increased focus on product mix and implementation of efficiencies at its U.S. manufacturing facilities have contributed to these positive … [Read more...] about Global Invacom Group Expects Narrowed Net Loss and Increased Gross Profit in First Half
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Deutsche Lufthansa Reports Surge in Revenue and Profit
Deutsche Lufthansa has announced a significant increase in revenue and profit for the second quarter, driven by strong demand that is expected to continue throughout the year. Passengers are eager to make up for lost time due to the Covid-19 pandemic, especially in premium cabins. During the three months ending in June, the German carrier group recorded revenue of €9.39 billion … [Read more...] about Deutsche Lufthansa Reports Surge in Revenue and Profit
Toyota Reports Strong First-Quarter Results
Toyota Motor has announced its first-quarter results, demonstrating impressive growth and exceeding market expectations. Here are the key highlights: Net Profit Soars Toyota's net profit for the quarter ended June 30 surged by 78% from the previous year, reaching an impressive 1.311 trillion yen ($9.22 billion). This figure surpasses the estimated net profit of Y793.85 billion … [Read more...] about Toyota Reports Strong First-Quarter Results
Auto1 Group Faces Decline in Sales and Lowers Expectations
Shares in Auto1 Group have seen a significant decline today following the company's report of decreased units sold in the second quarter, as well as a downward revision of their sales expectations for the entire year. As of 0950 GMT, shares were down 9.45% at EUR8.87. According to Auto1, they sold 141,682 units in the quarter, representing a 15% decrease compared to the … [Read more...] about Auto1 Group Faces Decline in Sales and Lowers Expectations
Segro Reports Swing to Pretax Loss in H1
Segro, the U.K. real-estate investment trust, announced a swing to a pretax loss for the first half of this year due to losses on property gains. However, adjusted profit and revenue saw an increase. For the six months ending June 30, Segro reported a pretax loss of £33 million ($42.7 million), compared to a profit of £1.375 billion for the same period in 2022. This change was … [Read more...] about Segro Reports Swing to Pretax Loss in H1
