Financial

Garmin Q2 net profit benefits from interest income, currency gains

By 2023-08-03T09:58:00

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Boosted by more than $29.6 million in interest income and gains on foreign currency, Garmin posted 11.7 percent net income growth to $287.9 million from $257.9 million. Without the two gains, the group’s profit would have been essentially flat for the period ended July 1. Second quarter operating income fell ...

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