Profit revenue

Safran warns of sharp drop in profits and sales

Safran SA said Thursday that its earnings and adjusted revenue fell sharply last year due to the coronavirus pandemic, and released a forecast for 2021. The French aerospace and defense company posted an adjusted net profit of 844 million euros (1.03 billion euros) against 2.67 billion euros the previous year. Adjusted revenue fell 32.5% organically […]

Profit companies

The 6 Attributes of Super Profit Businesses (laser focus is key to your goals)

For over a decade, I have worked with distributors of all sizes and profit levels in many different industries. We noticed a group of companies with much higher profit rates than their peers and started looking for the common attributes that generated rates of 15%, 20%, and even 25%. We found that these six attributes […]

Profit revenue

Barrick Gold stock rebounds to 10-month low after profit, earnings exceed expectations

Barrick Gold Corp. shares GOLD, + 0.52% ABX, + 0.13% jumped 2.9% in pre-market trading, to rebound from the previous 10-month session’s closing low, after the gold miner reported better than expected fourth-quarter earnings and income. Net income was $ 685 million, or 39 cents per share, from $ 882 million, or 50 cents per […]

Profit sharing

History Publishing Company Launches Author Profit Sharing Plan

PALISADES, NY, February 16, 2021 / PRNewswire / – In effect February 22, 2021, History Publishing Company, publisher of many award-winning and best-selling books, is launching a major profit-sharing plan for authors. The plan, a first in the highly competitive book industry, cuts royalties from standard ten percent to forty percent. The program is specially […]

Profit sharing

Despite pandemic, GM’s UAW hourly workers receive larger profit-sharing checks than in 2019

Hourly General Motors employees represented by the UAW could receive up to $ 9,000 in profit-sharing payments for their work in 2020. According to The Detroit News, GM said 44,000 workers were eligible for the payment. If the final official tally matches the estimates, that will mean a payout of around $ 1,000 higher than […]

Profit revenue

AstraZeneca profit, higher revenue, growth guides

AstraZeneca PLC said on Thursday that fourth quarter profit before tax, revenue and earnings per share increased and that it expects growth in 2021. The British pharmaceutical giant said its profit before tax for the last three months of 2020 reached $ 1.17 billion, down from $ 240 million a year earlier. Basic earnings per […]

Profit sharing

GM hourly workers set to receive up to $9,000 profit-sharing check

DETROIT – GM’s strong fourth-quarter profit could mean good news for the automaker’s employees. 2020 was a tough year, but GM ended the year with impressive earnings, beating Wall Street expectations. The pandemic hasn’t hurt the automaker as much as expected. LILY: Despite COVID pandemic, GM rebounds with strong Q4 profit When the auto plants […]

Profit sharing

GM earns less in 2020; UAW workers receive $9,000 profit-sharing checks

DETROIT (AP) — General Motors’ profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related plant shutdowns and a costly airbag recall. The Detroit automaker said Wednesday it earned $6.43 billion as demand for its vehicles surged at the end of a year dominated by the coronavirus upheaval. […]

Profit sharing

GM Realizes $ 6.4 Billion Profit in 2020, Increases Profit Sharing

Detroit – Proving it can weather a downturn, General Motors Co. posted a net profit of $ 6.4 billion despite pandemic pressures of 2020 – and this year it faces a global semiconductor shortage that could cost $ 2 billion in lost profits. Still, business leaders remain optimistic about their ability to weather the storm: […]

Profit sharing

GM earns less in 2020; UAW workers receive $ 9,000 in profit-sharing checks

DETROIT (AP) – General Motors profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related plant closures and a costly airbag recall. The Detroit automaker said on Wednesday it made $ 6.43 billion as demand for its vehicles increased at the end of a year dominated by coronavirus […]

Profit sharing

Korean Tech Employees Complain About Inadequate Incentive Bonuses

Tech industry employees in South Korea are outraged by the opaque payment systems some companies use to administer profit-sharing schemes. Employees of big tech companies such as Samsung Electronics and LG Energy Solution were observed Friday posting complaints on online communities and social media about their bonuses and how they were calculated. The dispute arose […]

Profit sharing

Korean tech workers complain about insufficient bonuses from incentive programs

Korean tech workers complain about insufficient bonuses for incentive programs (123rf) Employees in the tech industry in South Korea are outraged by the opaque payment systems some companies use to administer profit-sharing programs. Employees of leading tech companies such as Samsung Electronics and LG Energy Solution were observed on Friday for posting complaints to online […]

Profit sharing

Korean tech workers complain about insufficient bonuses for incentive programs

Employees in the tech industry in South Korea are outraged by the opaque payment systems some companies use to administer profit-sharing programs. Employees of leading tech companies such as Samsung Electronics and LG Energy Solution were observed on Friday for posting complaints to online communities and social media about their bonuses and how they were […]

Profit sharing

UAW Ford workers can expect a 45% drop in profit sharing payments

Ford Motor Co.’s 2020 profit-sharing payouts of up to $3,625 for eligible United Auto Workers hourly members will be down about 45% from a year earlier, the automaker said Thursday. The drop in payments, which is due in March, is a direct result of the eight-week manufacturing shutdown last spring amid the COVID-19 pandemic that […]