Volvo posts $610mln Q2 net income July 17, 2015 - 13:48 AMT PanARMENIAN.Net - Sweden's AB Volvo has posted second-quarter net income of 5.2 billion kronor ($610 million), up from 2.5 billion kronor a year earlier as the truck maker delivered more vehicles in Europe and North America and benefited from a decline in the Swedish currency, the Associated Press reports. Revenue soared 17 percent to 84.8 billion kronor ($10 billion), mainly attributable to positive currency effects. In April, the Goteborg-based group ousted its chief executive and named Martin Lundstedt, top boss at rival Scania AB, to become the new CEO and group president in October. Acting boss Jan Gurander said Friday, July 17, the group saw "the efficiency programs we are implementing are developing according to plan, when measured in local currencies." He added "all of the group's truck brands maintained or increased their volumes during the quarter."  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
