Source: www.reuters.com
LONDON, July 30 (Reuters) - French carmaker Renault (RENA.PA) on Friday posted a half-year net profit compared to a hefty loss for the same period in 2020, thanks to rising car sales and a turnaround plan focused on profitability.
The carmaker reported a quarterly net profit of 354 million euros ($420.52 million) for the first six months of 2021 compared to a loss of nearly 7.3 billion euros for the same period in 2020, which included lengthy industry-wide production shutdowns aimed at slowing the spread of the coronavirus pandemic.
($1 = 0.8418 euros)
