Annual profits

Kingfisher PLC sees annual profits hammered but sales pick up after coronavirus lockdown eases

[ad_1] “While the coronavirus crisis has obviously shifted our immediate priorities, we have continued to plan for the longer term and implement our new strategic plan,” said CEO Thierry Garnier. Kingfisher PLC (LON: KGF) reported a 66% collapse in annual profits, but said it had seen strong sales in recent weeks after the coronavirus lockdown […]

Corporate profits

Japanese corporate profits drop biggest since 2009 as pandemic wreaks havoc

[ad_1] Japanese corporate profits in the January-March quarter recorded the biggest decline since 2009, hit by the novel coronavirus pandemic that has ravaged the global economy, government data showed on Monday. Pre-tax profits of domestic companies covered by the ministry’s quarterly survey plunged 32.0% to 15.14 trillion yen ($ 140 billion) from a year earlier, […]