Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


PSA Peugeot Citroen shifts back into profitability

PARIS, Feb 9, 2011 – French automaker PSA Peugeot Citroen said on Wednesday that it had earned 1.13 million euros ($1.54 billion) in net profit last year following two years of losses.

"We are pleased to announce a substantial recovery in profitability in 2010 for all our businesses," Chairman of the Managing Board Philippe Varin said in a statement.

Revenues grew by 15.8 percent to 56.06 billion euros, driven by the success of new models which took sales to a record 3.6 million vehicles, France\’s largest carmaker said.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...