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profitability News

Aurora Cannabis sales strong even as losses balloon

Canadian cannabis producer, Aurora Cannabis posted a fiscal second-quarter loss of C$237.8 million on revenue of C$54.2 million, compared with year-earlier profits of C$7.7 million on revenue of C$11.7 million.

EVs will be successful when automakers can call them profitable

Major automakers are still dependent on the profits made from high-margin conventional cars, even as they change their focus to electric vehicles. The big question surrounding the success of EVs for automakers is when will they become profitable?

Vice Media cuts 250 jobs in effort to shore up profitability

Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom.

Ford Focus may not be the last casualty of Trump trade war

Ford has announced that it’s abandoning plans to sell the Focus Active — which the company makes in China — in the United States because of tariffs imposed by the Trump administration.

Tesla's solar facilities hit as Elon Musk tries to turn a profit

Elon Musk's move to cut nine percent of the Tesla workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to internal documents and a few former employees.

Tesla cuts workforce by 9 percent in reorganization effort

Tesla CEO Elon Musk told employees on Tuesday the company plans to make significant job cuts as part of a comprehensive restructuring effort.

Op-Ed: How to identify areas of unrealised profit potential Special

Preparing a profit and loss statement is just the beginning of assessing a business’s profitability, however being able to identify areas of unrealised profit potential and devising strategies to release that potential is where the real work comes in.

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