05 Aug

Many companies struggled with profitability last year as the impact of the COVID-19 pandemic hit the bottom line of businesses around the world. In fact, 69 of the Fortune Global 500 companies lost a combined $275 billion in profits in 2020 — with an average loss of about $1.44 billion.
Even Walmart, which claimed the top spot in the Fortune Global 500 for the eighth year in a row, saw a 9.2% drop in profits year on year. In fact, Big Box Corporation doesn’t even break into the top five on Fortune’s “Global 500 Most Profitable” list.
Apple. Profits: $57.4 billion. Revenue: $274.5 billion. …
Saudi Aramco. Profits: $49.3 billion. Revenue: $229.8 billion. …
SoftBank Group. Profits: $47.1 billion. …
Industrial and Commercial Bank of China. Profit: $45.8 billion. …
Microsoft. Profit: $44.2 billion.

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