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Telefonica Q2 sales plunge 11% in Latin America on heavy Covid-19 and forex impact
2020-07-30 09:52:00| Telecompaper Headlines
(Telecompaper) Telefonica said its operations in Latin America were heavily impacted by the Covid-19 pandemic and weak local currencies in the second quarter of 2020, with revenues plunging 10.8 percent on an organic basis and 28.0 percent on a reported basis to EUR 1.89 billion, compared to EUR 2.61 billion a year earlier. The newly-combined Telefonica Hispam unit comprises all of Telefonica's Latin American subsidiaries, with the exception of Brazil, and is being spun off as part of a wide-ranging restructuring plan announced last November.
Tags: sales
america
impact
heavy
Samsung improves margins on lower sales in Q2, sees gradual recovery in H2
2020-07-30 08:45:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported higher earnings for the second quarter, helped by continued demand for its memory chips as well as a one-time gain at its display business. This helped offset the slump in the smartphone market and overall weaker consumer demand in April and May. Samsung said it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the year, helped by the launch of new products.
Kevin Sonby Joins Cathay Industries as VP of Sales
2020-07-29 16:50:21| Coatings World Breaking News
Tags: sales
industries
kevin
joins
Lydalls Q2 Sales Impacted by Covid-19-Related Auto OEM Shutdowns
2020-07-29 16:13:25| Nonwovens Industry Breaking News
Sales slide 33.8% in the quarter
Puma moves to H1 loss as virus hits sales
2020-07-29 14:54:00| Daily apparel & textile news and comment - from just-style.com
Puma has moved to a net loss for the first half of the year at negative EUR59.4m (US$69.6m) from a EUR144.1m profit a year earlier after sales were pummelled by the coronavirus pandemic.
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