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Virgin Australia narrows bottom-line loss to $48m

2015-02-19 00:03:52| Airlines - Topix.net

Virgin Australia narrowed its first-half statutory net loss to $48 million as it benefits from cost cutting and a truce in its battle with Qantas in the domestic market. Australia's second-largest airline group released on Thursday more details of its financial performance in the first half after providing headline numbers for the second quarter two weeks ago.

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Fresh Del Monte narrows loss

2015-02-17 15:31:29| Agriculture - Topix.net

Fresh Del Monte Produce Inc. said its loss narrowed in the fourth quarter as higher banana volume in North America, as well as sales growth in tomatoes and melons, offset weakness in prepared foods and led to better-than-expected results. Banana sales rose 3% to $439 million on a 2% increase in volume.

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SK hynix narrows gap with Samsung in NAND flash sector

2015-02-08 05:17:42| Semiconductors - Topix.net

South Korea's No. 2 chipmaker SK hynix Inc. saw its share of the NAND flash market rise in the fourth quarter of 2014 from three months earlier, narrowing its gap with industry leader Samsung Electronics Co., data showed Sunday.

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Twitter narrows loss as EBITDA reaches record high in Q3

2015-02-06 07:57:00| Telecompaper Headlines

(Telecompaper) Twitter's fourth-quarter revenues soared 97 percent from the year before to USD 479 million. Advertising revenue lifted 97 percent to USD 432 million, with mobile advertising revenue making up 80 percent of the total. Data licensing and other revenue advanced 105 percent to USD 47 million while international revenue totalled USD 164 million, up 149 percent. The company recorded record quarterly profit on an adjusted EBITDA basis, reaching USD 141.5 million from 44.8 million. The net loss meanwhile narrowed to USD 125.4 million from a net loss the year earlier of 511.5 million. CEO Dick Costolo expects the absolute number of net users added in the first quarter to be at similar levels as those seen during the first three quarters of 2014. This follows a loss of 4 million monthly users in Q4 due to changes in third-party integrations. Twitter's active monthly users will still up 20 percent year-on-year to 288 million, of which around 80 percent were on mobile platforms. For the first quarter, the company is guiding for revenues of USD 440-450 million and adjusted EBITDA of USD 89-94 million.

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