Volvo reports jump in earnings on higher revenue, lower costs

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Reduced raw material and logistics expenses led to a robust Q3 operating profit of US$400 million.

Volvo Cars saw a 50% uptick in US car sales and a 34% rise in European buyers, but China experienced a 4% decline.

The carmaker, which is majority owned by Chinese automaker Geely, reported an operating profit of 4.5 billion kronor for the third quarter — up from two billion kronor a year earlier.

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:

 /  🏆 5. in SG
 

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

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.

Wall Street close higher, powered by upbeat earnings, guidanceNEW YORK: Wall Street ended higher on Tuesday (Oct 24) as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and s...
Source: theSundaily - 🏆 25. / 51 Read more »

US stocks pressured by mixed earnings, Capitol Hill turmoilNEW YORK, Oct 25 — Wall Street stocks mostly fell early today following mixed earnings reports, while markets monitored the latest struggle on Capitol Hill to elect a key...
Source: malaymail - 🏆 1. / 86 Read more »