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Naspers FY revenue rises 23% to USD 22.1 bln

2020-06-30 09:47:00| Telecompaper Headlines

(Telecompaper) Naspers has reported a 23 percent increase in revenue to USD 22.1 billion for the year ended 31 March from USD 19 billion in 2019, driven by e-commerce and growth at Tencent. Group trading profit grew 17 percent to USD 3.7 billion from USD 3.3 billion, as core Classifieds and core Payments businesses improved profitability even as it stepped up investment in Food Delivery. 

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Weatherford Production Software Boosts Revenue by $156 Million for Middle East Operator

2020-06-25 15:27:00| OGI

Weatherford International Plc said June 24 its production optimization software platform increased production by nearly 6,000 barrels per day (bbl/d), boosting revenue by $156 million over three years for a Middle East operator.

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Telkom Group FY revenue up 3% to ZAR 43 bln

2020-06-22 12:08:00| Telecompaper Headlines

(Telecompaper) South Africa's Telkom Group revenue said its revenue grew 3 percent to ZAR 43.0 billion in the year to end March, with expansion in the mobile market helping to offset a 22 percent decline in fixed voice revenue. The group reported a 66.4 percent decline in headline earnings per share to ZAR 2.08 per share. Basic earnings per share decreased by 78.4 percent to ZAR 1.21, impacted by one-time costs for voluntary severance and early retirement packages, Covid-19, and a higher effective tax rate. 

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Dutch mobile market limits revenue fall to 1.4% in Q1 on strong T-Mobile growth

2020-06-19 10:30:00| Telecompaper Headlines

(Telecompaper) Mobile service revenues totaled EUR 903 million in the first quarter, according to the Telecompaper quarterly Dutch Mobile Operators report. Vodafone showed the biggest decline, down 5.1 percent, and KPN's service revenues fell 4.4 percent year-on-year. T-Mobile outperformed and grew 6.9 percent, thanks to a strong increase in customer numbers in both the consumer and business segments.

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Zalando expects Q2 revenue growth of 16%

2020-06-18 11:45:00| Daily apparel & textile news and comment - from just-style.com

German fashion e-tailer Zalando anticipates a "significant" increase in second-quarter sales and EBIT amid an accelerated consumer shift from offline to online.

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