First-half earnings at the core namesake brand doubled to 1.8 billion euros, VW said, citing cost cuts and higher volume sales. Volkswagen said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core namesake brand. Earnings before interest and tax jumped to 4.55 billion euros ($5.34 billion) from 1.90 billion a year earlier, VW said on Thursday, beating a 4.49-billion-euro consensus forecast in a Reuters poll of analysts. It also affirmed an aim for a moderate rise in full-year deliveries. The group stuck to its guidance for 2017, which sees the return on sales coming to between 6 and 7 percent, after reaching 6.7 percent in 2016, and group revenue exceeding last year's record 217 billion euros by as much as 4 percent.
As it stated in LONDON--JU.S.T EAT PLC (JE.LN) Thursday reported a 46% rise in pretax profit for the first half of 2017 on revenue that also grew, and raised its full-year guidance. It now forecasts revenue for the year to be between GBP500 million and GBP515 million, up from previous guidance of GBP480 million to GBP495 million. The board expects full year underlying ebitda to be between GBP157 million and GBP163 million. The global online food delivery firm made a pretax profit for the half year ended June 30 of 49.5 million pounds ($65 million), compared with GBP33.8 million for the comparable period, on revenue that rose to GBP246.6 million, from GBP171.6 million. Underlying earnings before interest, taxes, depreciation and amortization, the company's preferred measure which strips out exceptional and other one-off items, rose 38% in the half year to GBP73.6 million.
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collected by :Jack Luxor
As it stated in LONDON--JU.S.T EAT PLC (JE.LN) Thursday reported a 46% rise in pretax profit for the first half of 2017 on revenue that also grew, and raised its full-year guidance. It now forecasts revenue for the year to be between GBP500 million and GBP515 million, up from previous guidance of GBP480 million to GBP495 million. The board expects full year underlying ebitda to be between GBP157 million and GBP163 million. The global online food delivery firm made a pretax profit for the half year ended June 30 of 49.5 million pounds ($65 million), compared with GBP33.8 million for the comparable period, on revenue that rose to GBP246.6 million, from GBP171.6 million. Underlying earnings before interest, taxes, depreciation and amortization, the company's preferred measure which strips out exceptional and other one-off items, rose 38% in the half year to GBP73.6 million.
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FCA's 2Q profit jumps on strong global results
"It was a strong quarter," Chief Financial Officer Richard Palmer said in a call with analysts and investors. A year ago, FCA earned 321 million euros ($352.8 million) in the three-month period on revenue of 27.89 billion euros. Driving their gains are strong sales of pickups and SUVs of all sizes. Fiat Chrysler's results came as General Motors Co. and Ford Motor Co. earlier in the week also posted strong operating results and profit margins, even as U.S. sales have slipped. In North America, revenue fell by about 8 percent to 16.08 billion euros ($18.8 billion) on 90,000 fewer vehicle shipments from the same three months a year ago.read more visit us profit
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