10 Most Profitable Companies in the World – 2020

While some companies registered losses following the outbreak of the coronavirus pandemic, some were profitable during the same period.

The world’s largest two economies by far, the U.S. and China, are headquarters for every one of the 10 most profitable companies: half are U.S. and half are Chinese.

Equally important, half of the corporations on the list are technology companies and the other half are financial companies.

We present below the 10 Most Profitable Companies in the World in 2020.

1. Apple Inc.

• Net Income: $58.4 billion
• Revenue: $273.9 billion
• Market Cap: $2.1 trillion

2. Microsoft Corp

• Net Income: $44.3 billion
• Revenue: $143.0 billion
• Market Cap: $1.6 trillion

3. Industrial And Commercial Bank Of China Ltd.

• Net Income: $41.7 billion
• Revenue : $122.2 billion
• Market Cap: $195.0 billion

4. China Construction Bank Corp.

• Net Income: $35.6 billion
• Revenue: $104.3 billion
• Market Cap: $173.8 billion

5. Alphabet Inc.

• Net Income: $31.5 billion
• Revenue: $166.0 billion
• Market Cap: $1.1 trillion

6. Agricultural Bank of China Ltd.

• Net Income: $28.4 billion
• Revenue: $91.5 billion
• Market Cap: $112.3 billion

7. JPMorgan Chase & Co.

• Net Income: $25.2 billion
• Revenue: $118.9 billion
• Market Cap: $315.5 billion

8. Alibaba Group Holding Ltd.

• Net Income: $24.9 billion
• Revenue: $77.9 billion
• Market Cap: $761.3 billion

9. Bank Of China Ltd.

• Net Income: $24.8 billion
• Revenue: $79.3 billion
• Market Cap: $94.0 billion

10. Intel Corp.

• Net Income: $23.7 billion
• Revenue: $79.0 billion
• Market Cap: $213.0 billion

• Banks record $181 million net profit in 2016

• Banks record 30% increase in profits

• “Zimbabweans Sold US$8 Million To Banks Since The Ban On Forex,” RBZ

• CABS Receives Historic €15M Credit Facility From European Investment Bank

  HOT DEALS:
  itel A70 - (128GB, 3GB RAM) $89,
  itel A70 - (256GB, 4GB RAM) $99
  itel P40 (128GB, 4GB), (6000mAh) $99
  itel P40 (64GB, 4G), (6000mAh) $93
  Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika.
  

  WhatsApp: 0783 450 793

• Stanbic Named Investment Bank Of The Year 2021

• Cresta Expands Into South African Market

• Tagwirei Linked Company Buys BNC Shares Worth $3 Billion

• Victoria Falls Stock Exchange Officially Launched

• Mthuli Extends Suspension Of Old Mutual, PPC Stock Fungibility By 12 Months

More: Pindula News;  Investopedia