Open

Coming up

Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Apple denies security breach in celebrity photo leak

Read more

MEDIAWATCH

Apparent beheading of Steven Sotloff sees more calls for #IsisMediaBlackout

Read more

AFRICA NEWS

Lesotho Coup: Exiled Prime Minister vows to return home after fleeing

Read more

DEBATE

Child Migrants In America: What to do about the wave of unaccompanied minors? (Part Two)

Read more

DEBATE

Child Migrants In America: What to do about the wave of unaccompanied minors?

Read more

THE INTERVIEW

Abbas Araghchi, Iranian deputy foreign minister

Read more

THE OBSERVERS

More of this year's best Observers stories

Read more

FOCUS

When water becomes a weapon of war

Read more

ENCORE!

Eve Ensler: 'In The Body Of The World'

Read more

  • France’s former first lady lifts lid on 'cold' Hollande

    Read more

  • Obama orders 350 more US troops to Baghdad

    Read more

  • IS video purports to show beheading of second US journalist

    Read more

  • French mum reunited with daughter 'kidnapped by jihadist father'

    Read more

  • Video: Bodies ‘left behind’ as Ukraine forces flee rebel assault

    Read more

  • Trust and 'bio-disaster units' needed to fight Ebola

    Read more

  • France vows crackdown on unemployment benefit ‘abusers’

    Read more

  • Could France sell the Mona Lisa to pay off its debts?

    Read more

  • Iraqi forces advance on IS as protesters storm parliament

    Read more

  • Germany blocks popular car pick-up service Uber

    Read more

  • Several UN peacekeepers killed in Mali explosion

    Read more

  • French clubs left behind as others spend big

    Read more

  • Arab media strike back at IS Islamists – with cartoons

    Read more

  • NATO plans new 'spearhead' force to counter Russia

    Read more

  • When water becomes a weapon of war

    Read more

  • US military targets Somalia's al Shabaab Islamist group

    Read more

  • Eve Ensler: 'In The Body Of The World'

    Read more

Business

French carmaker Renault bounces back with first-half profit

Text by News Wires

Latest update : 2010-07-30

Renault has announced a net profit of 780 million euros for the first six months of 2010, reversing a €2.7 billion loss over the same period last year, on the back of a 23% rise in sales.

AFP - Renault pushed back in to profit in the first half of the year with a net figure of 780 million euros (1.022 billion dollars) from a loss at the same time last year of 2.732 billion euros, it said on Friday.
  
The French auto group said it expected the global market to grow by about 8.0 percent this year, but said that the overall European market would probably fall by 7.0-8.0 percent.
  
The company stood by an outlook given at the beginning of the year that it would increase its share on its main markets.
  
Sales surged by 23.1 percent in the first half from the level during hard times amid the economic downturn at the same time last year to 19.668 billion euros.
  
The group said that "the performance and results are ahead of the plan set at the beginning of the year."
  
But the climate was unusually uncertain and the group would be particularly vigilant regarding any change in the economic situation, it said.
  
For the whole year, it expected to generate positive free cash flow, a measure of the rate at which cash flows in to the company compared with the speed of outgoings.

Date created : 2010-07-30

  • AUTO INDUSTRY

    Renault CEO Ghosn reelected and eyeing profits

    Read more

  • AUTO INDUSTRY

    Renault ends Indian car alliance over Logan flop

    Read more

  • AUTO INDUSTRY

    Renault and Daimler announce partnership

    Read more

COMMENT(S)