General Motors 2019 reduced net profit by 16%

One of the largest automotive companies in the world American General Motors (GM) in 2019 reduced net profit attributable to shareholders of the company, to 6,732 billion dollars per annum.

As shown by the annual reports of GM, the diluted earnings per share amounted to 4.57 5.53 dollar against the dollar by the end of 2018.

At the same time, the total revenue of the American General Motors fell 6.7% to 137,237 billion.

Net loss for the fourth quarter was 194 million dollars, whereas a year ago it was noted a profit of $ 2,044 billion.

Diluted loss per share was $ 0.16 compared to sales profit of 1.4 per dollar for the fourth quarter of the previous year. Adjusted profit of $ 0.05 forecast 0.11 dollar.

it is Noted that the negative impact on financial performance provided the strike of the employees. The negative effect of the strike amounted to $ 3.6 billion. In 2020 GM expects diluted earnings per share in the amount of 5.75-6.25 dollar.

In 2019, the company’s sales decreased by 8% to 7,718 million cars. The United States had 2,887 million vehicles.

Sales in the Asia-Pacific region (APAC), Middle East and Africa decreased by 12.5% to 3,678 million vehicles.