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In the first quarter 2009, we additionally generated substantial profitability and returns," even after absorbing significant charges on soured investments.
That year U.S. airlines went from substantial profitability to a combined net loss of nearly $8 billion, despite an emergency infusion of close to $4 billion in government support.
In a 2016 report, global management consulting firm McKinsey & Company said a sample of 714 companies around the world showed substantial profitability and productivity benefits of big data investments.
Economic weakness in the U.S. is spilling into those regions as well, but PriceSmart, which achieved substantial profitability (with a nearly -15% return on equity) as sales passed the $2 billion mark a year ago, continues to attract new members and keep a lid on pricing thanks to operating efficiencies, particularly in its internal distribution operation.
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Investors have recognized if you introduce a breakthrough product, it can transform a company from substantial losses to profitability.
Fortunately, most banks have returned to substantial levels of profitability, which should allow them to absorb these losses.
Most have reported substantial improvements in profitability that they attribute to the information generated by the new approach.
The other chief executive, John J. Mack, said that Credit Suisse First Boston would build on its quarterly gains and would achieve "further substantial improvements in profitability".
We will be able to pick [smaller cities such as Manchester and Birmingham] off [later]." Institutional backers own most of the company with the management team retaining a "very substantial share" but profitability as a group "would be too premature at this stage" as it grows, he said.
The bottom line is, in order for GM to survive, it needs to make rapid, substantial gains in profitability.
MMC specialises in fast-growth early-stage UK-based businesses, partnering with entrepreneurs and impressive management teams to achieve substantial scale and profitability.
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