Tag: profits

Morrisons sales rise but profits hit by Covid costs

Image copyright PA Media Sales at Morrisons surged in the first half of its financial year but the supermarket saw profits drop because of coronavirus-related costs. Morrisons said like-for-like sales, excluding fuel, rose by 8.7% in the six months to the beginning of August. However, profit fell by more than a quarter after costs rose by £155m to deal with… Read more →

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Zoom revenues skyrocket as profits double

Image copyright Zoom Popular videoconferencing app Zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis. Revenues leaped 355% to $663.5m (£496.3m) for the three months ending 31 July, beating analysts’ expectations of $500.5m. Profits soared to $186m, while customer growth rose 458%, compared to the same period in 2019. Video conferencing… Read more →

ITV profits wiped out as pandemic hits ad revenue

Image copyright ITV/Coronation Street Image caption Popular soap Coronation Street resumed filming in June ITV has been through “one of the most challenging times” in its history, says chief executive Dame Carolyn McCall. Profits at Britain’s biggest free-to-air commercial broadcaster have tumbled as advertising revenues and production of shows were hit by the pandemic. The scale of the impact came… Read more →

Coronavirus: Samsung profits soar on work from home demand

Image copyright Getty Images Samsung Electronics has seen its earnings soar as sales were boosted by millions working and learning from home during the virus pandemic. The world’s largest maker of smartphones said second quarter operating profits rose 23% compared to last year. The results were helped by strong demand for computer chips, which pushed up prices on the global… Read more →