General Motors cut semi-annual profit by 19.5%

American automaker General Motors in the first half of 2018 reduced its net profit by 19.5% in annual terms to 3 billion 436 million dollars, finversia.ru wrote with reference to the company's accounts. Diluted earnings per share fell to 2 dollars 38 cents from 2 dollars 80 cents a year earlier. Revenues decreased by 1.9% in annual terms and amounted to 72 billion 900 million dollars. In the second quarter, the company increased its net profit by 44% to $2 billion 390 million. Revenues amounted to 36 billion 760 million dollars, declining in annual terms by 0.6%.

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