Georg Fischer, the Swiss manufacturing company, has announced a slight decrease in net profit and sales for the first half of 2023. This drop can be attributed to the negative impact of unfavorable exchange rates, although it was partially offset by price adjustments. Financial Performance In precise figures, the net profit for the first half of the year amounted to 123 million … [Read more...] about Georg Fischer Reports Net Profit and Sales Drop in First Half of 2023
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Otis Worldwide Reports Higher Sales and Earnings
By Will Feuer Otis Worldwide, a Farmington-based elevator-and-escalator maker, has announced an increase in sales and earnings for the second quarter. The company has also introduced a cost-savings program to enhance its operations. Financial Performance During this period, Otis recorded a profit of $376 million, or 90 cents a share, compared to $321 million, or 76 cents a … [Read more...] about Otis Worldwide Reports Higher Sales and Earnings
Microsoft to Cut Additional Jobs, Impacts Employees in Customer Service, Support, and Sales
Microsoft Corp. has announced further job cuts in addition to the 10,000 layoffs previously announced this year. The recent round of cuts, which primarily targets employees in customer service, support, and sales, was reported by GeekWire. While the precise number of layoffs remains undisclosed, a filing with Washington state's Employment Security Department confirmed that 276 … [Read more...] about Microsoft to Cut Additional Jobs, Impacts Employees in Customer Service, Support, and Sales
Anglo American Platinum Expects Sharp Decline in Earnings for First Half of 2022
Anglo American Platinum, a South African precious-metals company, announced today that it anticipates a significant drop in both basic earnings and headline earnings for the first half of this year. The company attributes the decline to lower palladium prices impacting revenue, a weakened exchange rate, and a decrease in sales. According to their projections, Anglo American … [Read more...] about Anglo American Platinum Expects Sharp Decline in Earnings for First Half of 2022
