trending Market Intelligence /marketintelligence/en/news-insights/trending/iOJrCcZY1jghfF-hhrR6LA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Nexteer Automotive H1 profit climbs 58.1% YOY

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


Nexteer Automotive H1 profit climbs 58.1% YOY

Nexteer Automotive Group Ltd. said its normalized net income for the first half came to 5 cents per share, a gain of 58.0% from 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $129.6 million, a gain of 58.1% from $82.0 million in the year-earlier period.

Total revenue climbed 17.1% year over year to $1.92 billion from $1.64 billion, and total operating expenses grew 14.7% from the prior-year period to $1.70 billion from $1.49 billion.

Reported net income grew 50.1% year over year to $150.0 million, or 6 cents per share, from $100.0 million, or 4 cents per share.