The world’s largest antivirus software vendor Symantec (NASDAQ:SYMC) reported that net profit in the first fiscal quarter more than doubled to $ 161 million, or 20 cents a share, compared with $ 74 million, or 9 cents a share a year earlier.
ConocoPhillips (NYSE:COP) said, that its net profit in II quarter has grown dramatically through the sale of several units. The oil company also said it plans to raise additional $ 3.4 billion by the end of the year by implementing a plan to sell all 20% stake in Russian oil giant Lukoil.
ArcelorMittal SA, largest steel company all over the world, said that the jump in sales and price increases helped it to generate a profit of $ 1.7 billion in the II quarter. The company stated that it intends to sell the unit for the production of stainless steel.
The world of luxury remains true to tradition. Employer aging politicians (Tony Blair and Mikhail Gorbachev) LVMH records highest revenue in recent years. Experts say the restoration of luxury goods sales. The world’s largest producer of luxury goods LVMH (Moet Hennessy Louis Vuitton) has reported about net profit 53% increasing to 1.05 billion euros ($ 1.36 billion)for the first half of the year.
The largest company by market capitalization, Reliance Industries of India reported about net profit increase by 32% (for the second quarter to 48.5 billion rupees (earlier $ 1 billion)). The growth of the indicator, compared with the previous quarter was only 3% since the company failed to increase production of natural gas.
PSA Peugeot Citroen, the second-largest automaker in Europe, reported a profit for the first 6 months of the year. PSA Peugeot Citron amount of profit has surpassed expectations of analysts.