) are falling in Monday's pre-market session after the Chinese car company reported net profit declines and missed quarter-over-quarter EV delivery estimates. Morning Brief HostsAfter reporting that first quarter, net profit fell 36% from a year ago, steep rise in research, hiring new staff and other operating expenses, offsetting some of the higher sales that the company did see.
And then additionally, you look at the vehicle margins that came in at 19.3% in the first quarter of 2024.You compare that with a 19.8% margin so larger than this most recent quarter in the first quarter of 2023.And I think just coming back to your point of exactly how this business is going to be able to continue to operate right now and, and make sure that they can ensure investors that they are going to maintain this profit margin as well.
A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions.
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