Footballs

Inter, accounts in the red also for Suning: revenues down by 12.65% for Covid, -280 million compared to 2019 | First page

Inter have nothing to do with it and it’s history in its own right, but if at the Nerazzurri the main objective is that, at least for this market session, of self-sustaining through sales, the reason is also linked to the economic situation of the companies of the parent company Suning.com, the main company in the galaxy headed by the patron Zhang Jindong, widely affected by the Covid-19 pandemic.

ACCOUNTS IN RED – In recent days, he reports Football & Finance, the company’s accounts were in fact disclosed in the first six months of 2020, in which the impact of the Coronavirus emergency was widely felt. Revenues fell 12.65% compared to 2019 going from around € 16.7 billion to around € 14.65 billion. All this despite an important increase in online sales of 5.40%. The final loss is a loss of 166.5 million RMB (about 20 million euros) compared to the profit of 2.1 billion RMB (about 260 million euros) of 2019 (first six months)

RECOVERY – The data that emerge are important and make it clear the reason for the austerity imposed on all companies in the group despite the fact that the data are encouraging for the second quarter which saw a recovery, profit and cash flow greater than the same period of the previous year and the first quarter of 2020.

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