STOCKHOLM, Oct 16 — Swedish truckmaker Volvo, one of the world’s largest, today reported at 23 per cent drop in its third quarter net profit but said the impact of the Covid-19 pandemic was easing. Net profit for the period came in at 5.72 billion Swedish kronor (RM2.68 billion), compared to...
People are seen in silhouette near the Volvo auto stand during the media preview of the 2016 New York International Auto Show in Manhattan, New York March 24, 2016. ― Reuters pic
Net profit for the period came in at 5.72 billion Swedish kronor , compared to 7.46 billion a year earlier. “After the easing of Covid-19 restrictions, freight activity has increased and customers are returning to previously planned replacement cycles,” Lundstedt said in a statement.
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