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Q2-2015: Forex pulls down Hasbro revenue; Licensing & Entertainment op income halves

2015-07-28 11:32:52| Toys - Topix.net

BENGALURU: American multinational toy and board game company Hasbro, Inc., reported 3.8 per cent decline in net revenue to $797.66 million in the quarter ended 28 June, 2015 as compared to the $829.26 million in the corresponding year ago quarter impacted by negative forex of $71.5 million says the company. If the forex loss was neglected, net revenue in Q2-2015 grew 4.8 per cent in the current quarter as compared to the previous quarter.

Tags: entertainment income revenue licensing

 

Ooredoo H1 revenue falls 5.4% to USD 1.2 bln

2015-07-28 08:21:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group reported a 5.4 percent decline in revenues for the first half of 2015 to USD 1.187 billion, hurt by the stronger dollar. In local currency in Kuwait, Algeria and Maldives, the operator posted revenue growth, and the total number of subscribers rose by 11.3 percent year-on-year  to 24 million on 30 June. EBITDA declined to USD 400 million from USD 490 million in the same period of 2014. Net profit declined to USD 55.8 million from USD 171.8 million in 2014, hurt by adverse currency movements in Tunisia and Algeria as well as foreign exchange losses of USD 44.1 million, mainly from Algeria. Chairman Sheikh Saud Bin Nasser Al Thani said customer and revenue growth performance demonstrates progression and delivery of the group's strategy to invest in differentiating customer experience while providing world-leading network speeds. Al Thani said the group will continue to execute its date-centric strategy to take advantage of the opportunities offered by an increasingly digital world.

Tags: usd falls revenue bln

 
 

Venezuelan Currency Chaos Costs Coca-Cola Bottler 95% of Revenue

2015-07-27 09:50:29| Beverages - Topix.net

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The company said Thursday it reduced the value of its revenue from Venezuela by 95 percent as the nation's currency collapses and inflation soars.

Tags: costs currency revenue chaos

 

Heathrow records 5.9% increase in revenue, focuses on airport expansion

2015-07-27 01:00:00| Airport Technology

UK's Heathrow Airport has recorded revenues of GBP1.3bn, representing a 5.9% increase in the first six months of 2015.

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Freight surge lifts revenue, profit as Landstar adds capacity

2015-07-25 16:06:05| Trucking - Topix.net

A surge in freight demand from new and existing customers pushed Landstar System's second-quarter revenue and freight volumes up, in some cases by double digits.

Tags: capacity profit revenue adds

 

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