Automotive concern Fiat Chrysler Automobile, following the results of the first quarter, reported on the increase in its net profit by 59%, or 1.6 times, in annual terms to 1 billion 20 million euros due to strong operating performance and a reduction in debt servicing costs. Operating profit excluding one-time factors increased by 5% to 1.6 billion euros. Quarterly revenue fell by 2% to €27 billion, mainly due to currency fluctuations. Global car sales in the past quarter amounted to 1 million 204 thousand cars, increased by 5%. Sales of Jeep cars increased by 37%. The net debt of the concern decreased by 1.1 billion euros to 1.3 billion euros.
Tesla surges 20%, gets boost from Panasonic’s quarterly profit increase04.02.2020
Australia bids for second flight from Wuhan as first batch of evacuees move to Christmas Island03.02.2020
China’s industry reports first profit decline in 4 years30.01.2020
Facebook surpasses Wall Street expectations with strong fourth quarter despite challenges