Cummins announced its financial report for the first half of the year. The company’s business growth in the first half of the year in North America and China was strong, and its operating income, operating profit, and net profit all increased. In the second quarter of this year, the growth of Cummins' North American regional and Chinese market business made up for the company's declining business in other regions. At the same time, the company’s overall operating income increased by 7.0% year-on-year to US$ 4.84 billion; operating profit was 6.1 billion. The U.S. dollar rose slightly by 0.3% from the same period of last year; net profit increased from US$410 million in the same period last year to US$450 million, an increase of 7.7%. Cummins’ operating income for the first half of the year was US$9.24 billion, an increase of 9.4% from US$8.45 billion in the same period of last year; operating profit increased by 9.9% from the same period last year to US$1.13 billion; net profit increased from US$0.7 billion in the same period last year to 7.8 Billion US dollars, an increase of 12.6%. Among all business units, engine division sales amounted to US$5.31 billion in the first half of the year, an increase of 10.9% over the same period of last year; sales of components division increased by 14.0% year-on-year to US$2.51 billion; sales of power division decreased year-on-year. 6.2% to US$140 million; distribution division increased 9.2% year-over-year to US$220 million. Cummins said that as the company's first-half profit exceeded expectations and the business in North America and China maintained a good growth, the company decided to increase its full-year performance forecast for the year. In the simplest of terms, an Overhead Crane is a machine, or piece of equipment, that allows you to lift and move heavy materials from one location to another in a precise manner.Eurocrane overhead crane adopts European concept ,has the features of superior performance,compact structure,small dimension of headroom and makingfull use of available space of the plant. In addition the design of the product has fully considered the requirements of customers to increase the safety and easiness during the use. The standard configuration includes trolley frequency conversion and cart frequency conversion to make the running stable and reliable. Double Girder Overhead Crane,Overhead Travelling Crane,Overhead Bridge Crane,Double Girder EOT Crane,Overhead Crane EUROCRANE GLOBAL , https://www.euroopenwinch.com
Cummins Sales Up 9.4% Net Profit Increase 12.6%