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Revenue up, net income down at Irving-based Kimberly-Clark

2014-07-23 05:42:36| Paper - Topix.net

The Irving-based maker of Huggies baby wipes, diapers and other products saw revenue rise but profit dip in the second quarter.

Tags: net income revenue net income

 

Verizon revenue growth accelerates to 5.7% in Q2

2014-07-22 13:37:00| Telecompaper Headlines

(Telecompaper) Verizon saw its annual revenue growth accelerate to 5.7 percent in the second quarter, to USD 31.5 billion, helped by continued strength at its mobile activities. Cost control help operating profit jump 17.2 percent from a year earlier to USD 7.7 billion, and the margin improved to 24.4 percent from 22.0 a year ago. The adjusted EBITDA margin improved to 37.6 percent from 35.9 in Q2 2013, and adjusted EPS rose to 91 cents from 73 cents a year ago. This excludes a one-time gain of USD 434 million or 10 cents per share for the sale of 700 MHz band licences. Verizon Wireless drove the increase sales, with mobile revenues up 7.5 percent year-on-year to USD 21.5 billion. Retail service revenues grew 5.3 percent to USD 17.3 billion, helped by a 4.7 percent increase in postpaid ARPU to USD 159.73 per month. The wireless EBITDA margin on service revenues rose to 50.3 percent from 49.8 percent a year earlier. In the wireline market, revenues rose 0.3 percent year-on-year to USD 9.8 billion, the first increase in seven years. The 5.3 percent growth in the consumer market was offset by a continued drop in business revenues. The wireline EBITDA margin reached 23.2 percent, compared with 22.2 percent in Q2 2013. The operator maintained its full-year guidance for capital expenditure of USD 16.5-17.0 billion, after USD 8.5 billion in H1. Verizon also still expects revenue growth of around 4 percent and a higher adjusted EBITDA margin this year. 

Tags: growth revenue verizon q2

 
 

Royal Mail sees parcels revenue fall

2014-07-22 09:22:23| BBC News | Business | UK Edition

Royal Mail warns of lower revenues from its parcels business, but says it should still be able to meet its targets for the year.

Tags: mail fall royal revenue

 

Marcoc Telecom returns to revenue growth in Q2

2014-07-21 08:21:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group reported improved results for the second quarter, thanks to continued growth at its international activities and an economic recovery in its home market Morocco. Revenue returned to growth, up 1.3 percent year-on-year to MAD 7.4 billion, while the EBITDA decline slowed to 2.0 percent, to MAD 4.1 billion. The group's customer base rose to 38 million at 30 June, up by 9.2 percent year-on-year. Over the first six months, revenues were up 0.7 percent to MAD 14.6 billion, while EBITDA declined by 4.4 percent to MAD 8.03 billion. This was due to a 7 percent drop in EBITDA in Morocco only partially compensated by a 4.1 percent rise in EBITDA from international activities. The EBITDA margin fell by 2.9 percent points to 55.2 percent. Net income dropped 12.7 percent year-on-year to MAD 3.07 billion, and operating cash flow was down 4.9 percent to MAD 5.1 billion. The group maintained its annual forecast of a slight decline in EBITDA and slightly higher capital expenditures. 

Tags: returns growth revenue telecom

 

Huawei's H1 revenue up 19 percent year-on-year at $22 billion

2014-07-21 06:00:51| Wireless - Topix.net

Huawei Technologies Co Ltd, the world's No. 2 telecom equipment maker, said on Monday it will achieve sustainable growth in 2014 after posting a 19 percent jump in first-half revenue to 135.8 billion yuan .

Tags: percent revenue billion huaweis

 

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