Indian economy showing renewed buoyancy: PHD Chamber The Indian economy is showing renewed buoyancy despite the prevailing, though toned down, external sector headwinds amid current geo-political realities, said Mr. Pradeep Multani, President, PHD Chamber of Commerce and Industry. Out of the 10 lead economic and business indicators of QET (Quick Economic Trends), tracked by the industry body PHDCCI, 8 have shown an increase for the month of July 2022 as compared with 6 out of 10 indicators showing the uptrend in June 2022, said Mr Pradeep Multani. GST Collections, E-way Bill, Railway Freight, Passenger Vehicle Sales, Exports, unemployment rate,…
Read MoreDay: 18 August 2022
Henkel significantly increases sales, drives strategic agenda and raises sales guidance for 2022
Group sales in the first half of 2022 grew organically by +8.9 percent to around 10.9 billion euros (nominal +9.9 percent), driven by all business units and regions Earnings impacted, as expected, by drastic input cost headwinds: – Operating profit (EBIT)* reaches 1,166 million euros (-18.5%) – EBIT margin* at 10.7% (-370 basis points) – Earnings per preferred share (EPS)* at 1.95 euros, -20.8% at constant exchange rates Good progress in implementing the purposeful growth agenda and in merging the consumer businesses into Henkel Consumer Brands Outlook for fiscal 2022 updated: – Organic sales…
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