Cummins’ Net Profits Up 20% in Q1
2014-05-12 Source：www.chinabuses.org
Summarize：On May 9, 2014, the world renowned engine maker Cummins released its financial report of the first quarter, showing that the company’s business was growing robustly in North America while the demand from the overseas markets was weakening. Overall, its business income went up by 12.3%, reaching 4.41 billion US dollars.
www.chinabuses.org: On May 9, 2014, the world renowned engine maker Cummins released its financial report of the first quarter, showing that the company’s business was growing robustly in North America while the demand from the overseas markets was weakening. Overall, its business income went up by 12.3%, reaching 4.41 billion US dollars.
In North American market, Cummins’ business income rose by 25% year on year while its business income from overseas markets basically stood at the same level compared with that in the same period last year. Specifically, its business saw some growth in China and Europe, which was offset by its weakening trend in India, Australia, Mexico and Brazil.
In the first quarter, Cummins’ operating profits totaled 510 million US dollars, up by 23.9%. Its net profits attributable to shareholders reached 338 million US dollars, up by 20% compared with 282 million US dollars in the same period in 2013.
Its engine business rose by 11%, reaching 2.6 billion US dollars, spare parts business was up by 21% year on year, totaling 1.2 billion US dollars, electric power business was down by 14% to 640 million US dollars and its distribution business went up to 950 million US dollars, up by 22% year on year.
Views:0Editor：Mark
Related China Bus News
editor@chinabuses.org
86-10-84933192;
