ABB profits rise for seven straight quarters
Updated : 2016-08-18
( chinadaily.com.cn )
( chinadaily.com.cn )
The CEO of ABB, Shi Bifu, said that with profit rising over seven straight quarters, the company’s cash flow has improved.
ABB focused on the high-growth market, changing its cost and capital structure to create more flexibility. The company plans to narrow the gap in operational performance between it and its competitors by a new second stage strategy in which it will streamline business functions, launch a sharing service and reduce complexity of WCP.
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