General Motors automaker’s net profit grew x1.6 in 2021

Automaker General Motors released its annual report. It shows by the end of 2021, the company’s net profit is $10 billion, which is 1.6 times more than this indicator value in 2020. Per share, earnings increased from $2.37 to $6.70. The automaker’s annual revenue increased by 3.7%. It amounted to 127 billion dollars. In 2021, General Motors sold 6 million 291 thousand vehicles. This is 7.8% less than the figure for cars sold a year before. Sales in the domestic car market fell by almost 13% to 2 million 218 thousand units. The amount of cars sold in the Asia-Pacific region, as well as in the Middle East and African countries, decreased by 3.1% to 3 million 323 thousand cars. According to General Motors prognosis, by the end of 2022, the amount of net profit will be in the range of 9.4 to 10.8 billion dollars. Annual earnings per share can range from $6.25 to $7.25. Shares of General Motors rose more than 1% after the release of the annual report.

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Arseny Kudrin

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