American company Kraft Heinz, one of the world's largest food producers, reported a second-quarter drop in net profit by 34.8%, or 1.5 times, year-on-year to $756 million. Adjusted earnings were $1 per share, while analysts had predicted 92 cents per share. Total revenue increased by 0.8% to 6 billion 690 million dollars. Experts had expected the figure at 6 billion 580 million dollars. The reason for the decline in profit was the weak performance in North America. Sales in the US fell by 1.9%. Since early 2018, the company's capitalization has decreased by 19% and amounted to 72.5 billion dollars.
UBS' third-quarter revenue increases due to its strong performance in the global markets20.10.2020
Oil falls for fourth day on rising fears over second coronavirus wave12.10.2020
Oil falls on second session as U.S. Gulf reopens production09.10.2020
HSBC aims to achieve net-zero carbon emissions in thirty years