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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Renault SA | EU:RNO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.02% | 48.22 | 48.21 | 48.24 | 48.55 | 48.22 | 48.55 | 9,535 | 08:28:06 |
From May 2019 to May 2024
By Max Bernhard
Renault SA (RNO.FR) on Friday reported lower revenue and a significant drop in profit for the first half, which it said was "heavily penalized" by a decline in the payout from its alliance partner Nissan Motor Co. (7201.TO).
Net profit fell to 970 million euros ($1.08 billion) in the six months to the end of June from EUR1.95 billion the same period last year, the French auto group said. Nissan's contribution swung to a EUR21 million loss from a EUR805 million profit the same period a year ago. Revenue fell 6.4% to EUR28.05 billion.
Renault cut its 2019 revenue outlook, now expecting revenue to be close to last year, compared with a previous forecast for an increase. The company backed its guidance for an operating margin of about 6% and a positive operational free cash flow in its core auto business.
Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard
(END) Dow Jones Newswires
July 26, 2019 01:47 ET (05:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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