Recently, North American commercial vehicle and engine production giant Navistar released financial reports for the fourth quarter and for the entire fiscal year. In the fourth quarter of this year, Navistar’s net profit was US$255 million, equivalent to a diluted profit of US$3.48 per share.
The report shows that compared to the same period last year, Navistar’s net profit in the fourth quarter was US$44 million, and diluted earnings per share was US$0.61; adjusted net profit in the fourth quarter was US$247 million, and diluted earnings per share was US$3.37. .
It is reported that in the 2011 fiscal year, Navistar's net profit totaled 1.7 billion U.S. dollars, diluted earnings per share was 22.64 U.S. dollars; in fiscal year 2010, it was 223 million U.S. dollars, and diluted earnings per share were 3.05 U.S. dollars. Fiscal 2011 adjusted net profit was $402 million, and diluted earnings per share was $5.28.
Navistar is the largest heavy truck and school bus producer in North America. Its brands include International commercial vehicles and military trucks, MaxxForce diesel engines, IC school buses and commercial buses, and Workhorse RVs. NC2 is a joint venture funded by Navistar and Caterpillar. The company exhibited International brand trucks at this year's Beijing auto show.
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