Your English writing platform
Discover LudwigExact(8)
The company has already disposed of $38bn worth of assets to pay for the Gulf of Mexico spill, and this helped push net profit down from $5.017bn a year ago to $3.692bn.
It provides only 5% of profit, down from 10% five years ago.
Last year it had $56 million in profit, down from $99.5 million in profit the year before.
The bank reported a 68-cent profit, down from the First Call/Thomson Financial estimate of 93 cents and the year-ago 92-cent profit.
Its consumer electronics division, which makes televisions, fridges, and other home appliances, made a 210 billion won profit, down from 770 billion won a year ago.
Facebook raked in a record $4.26 billion in profit, down from $4.7 billion the previous quarter due to that big tax.
Similar(52)
The news came as the company reported full year pretax profits down from $342.3m to $338m on flat revenues of $1.27bn.
Warwick Bartlett, a gambling consultant, says it now makes up less than half of betting-shop profits, down from more than 90% two decades ago.
In the first half of the year ArcelorMittal reported an operating loss at its main European mills, which dragged overall profits down from $2.2 billion to $1.8 billion.
The company, which bought 173 pubs from Orchid for an initial £266m, reported full year profits down from £142m to £123m.
Stanley Works expects its worldwide tax rate to fall to 23percentto25percentcent of profits, down from 32percentt now, said Gerard J. Gould, Stanley's vice president for investor relations.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com