Thursday, February 13, 2020

Groupe Renault FY19 Operating Income Declines; Revenues Down 3.3%

Groupe Renault (RNSDY.PK, RNSDF.PK, RNT.L) reported a net loss, Group share, of 141 million euros for fiscal 2019 compared to profit of 3.30 billion euros, prior year. Group operating income declined to 2.10 billion euros from 2.99 billion euros. Net income was at 19 million euros compared to 3.45 billion euros, previous year. The company said the decline came mainly from lower associated companies' contribution, down 1.73 billion euros, and a charge of deferred tax in France for 753 million euros.

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