Renault Turns To FY21 Profit, Sees Margin Growth; Names New CFO; Stock Up

Shares of Renault SA were gaining around 3 percent in the morning trading in Paris after the French automaker reported a profit in its fiscal 2021, compared to last year's hefty loss, with strong revenue growth. Despite the impact of semiconductor shortages and rising raw material prices, operating margin exceeded Renaulution objective, reaching two years ahead of schedule.

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