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Tag: growth forecasts
China export growth beats forecasts
2013-03-08 05:19:40| BBC News | Business | UK Edition
Chinese exports rose more-than-expected in February, adding to optimism over a recovery in the world's second-largest economy.
Tags: china
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ITALY: Yoox forecasts growth after strong full-year
2013-03-06 13:01:00| Daily apparel & textile news and comment - from just-style.com
Online fashion retailer Yoox Group said it expects to increase profit and revenue in 2013 by continuing to invest in logistics and technology, after posting strong full-year sales growth.
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Sprint forecasts return to OIBDA growth in 2013
2013-02-07 16:48:00| Telecompaper Headlines
(Telecompaper) US mobile operator Sprint said it expects a return to underlying profit growth in 2012, after a continued deterioration in results in 2012. The company forecast adjusted OIBDA of 5.2-5.5 billion in 2013, after the 2012 result fell to USD 4.8 billion from USD 5.0 billion in 2011. Sprint's net loss for 2012 swelled to USD 4.3 billion, including USD 1.3 billion in Q4 alone, due to the costs of shutting down the Nextel CDMA network as well as launching the iPhone. The extra investments in launching its LTE network and new phones and services led to a 5 percent increase in group revenues over the full year to USD 35.3 billion. Mobile service revenues improved 12.2 percent year-on-year in Q4 on the Sprint platform, and the Sprint customer base rose by 683,000 in the three months to 53.54 million. However, with only about 50 percent of Nextel customers converted to Sprint, the operator had a net outflow of 337,000 customers in the quarter, and a total base of 55.63 million customers. Postpaid ARPU increased slightly from Q3, to USD 61.47. Sprint finished the year with USD 8.2 billion in cash and said it has also received USD 3.1 billion from SoftBank in a 1 percent, seven-year convertible bond related to the Japanese operator's pending takeover of Sprint. After an increase in capex to USD 1.9 billion in the fourth quarter, free cash flow was a negative USD 1.3 billion.
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