Record orders help turbo-charge Ferrari earnings

  • 📰 eNCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Ferrari said record orders and a double-digit boost in deliveries had helped it to a strong performance in the third quarter.

The firm with the prancing horse logo reported a net profit of 207 million euros , an increase of 21 percent from the same period last year.Ferrari delivered 2,750 cars between July and September, an increase of nearly 19 percent from the same period last year and up 11 percent from before the pandemic hit in 2019.

Ferrari chief executive Benedetto Vigna noted"record order intake worldwide, particularly in China and USA," during the quarter. Sales rose by 18.6 percent from the same period last year to 1.05 billion euros. They were up by 15.1 percent from 2019. The company revised higher its outlook for operating earnings to 1.5 billion euros, which would be a substantial increase from the 1.1 billion euros last year and the 1.3 billion in 2019.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I have a deep investigation story that involves FNB and the banking Ombudsman which is relevant and substantiated with proof of human rights violation and contravention to the current laws of South Africa fnbmustfall

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Court orders police minister to compensate security company owner for unlawful arrestMadolo told the court how sergeants Deon Muller and Zandisile Ngqandu assaulted him, pointed a gun at him and detained him in Libode, Eastern Cape.
Source: SowetanLIVE - 🏆 13. / 63 Read more »