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Pandora lifts Q3 revenues 30%, inks USD 90 mln settlement

2015-10-23 09:28:00| Telecompaper Headlines

(Telecompaper) Pandora and a coalition of independent and major record companies have agreed to a USD 90 million settlement for Pandora's use of recordings created before 1972. The settlement was reached between Pandora and ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings and Warner Music Group. The deal resolves the use by Pandora of the recordings. The internet radio service also announced its third quarter results, with revenues jumping 30 percent year-on-year to USD 311.6 million. The net loss however grew to USD 85.93 million from a loss the year earlier of 2.02 million.

Tags: usd settlement revenues pandora

 

Chr Hansen delivers 10% growth as revenues hit a 859 million for full year

2015-10-21 22:10:49| Food - Topix.net

Chr Hansen has reported 'very satisfactory' overall growth of 10%, as stronger performances in cultures, enzymes, and nutrition balance out below per performance in natural colours. The Danish natural ingredient supplier reported a 10% organic growth, with revenue hitting a 859 million for the full year, compared to a 756 million in 2013/14.

Tags: for year full hit

 
 

Chr Hansen delivers 10% growth as revenues hit a 859 million for full year

2015-10-21 21:46:12| Chemicals - Topix.net

Chr Hansen has reported 'very satisfactory' overall growth of 10%, as stronger performances in cultures, enzymes, and nutrition balance out below per performance in natural colours. The Danish natural ingredient supplier reported a 10% organic growth, with revenue hitting a 859 million for the full year, compared to a 756 million in 2013/14.

Tags: for year full hit

 

China Mobile revenues up 6.5%, EBITDA grows 9.1%

2015-10-20 12:04:00| Telecompaper Headlines

(Telecompaper) China Mobile reported an acceleration in customer growth in September, adding 2.761 million new customers for a total 822.906 million. Over 18 million 4G customers were added, taking the total to 247.617 million, while 3G users fell to 195.279 million. The continued customer growth and expansion in 4G data services helped the operator grow revenues for the first nine months of 2015 by 6.5 percent year-on-year to CNY 512.7 billion, and EBITDA increased 9.1 percent to CNY 192.3 billion. The EBITDA margin improved to 37.5 percent from 36.6 in the year-earlier period. Net profit rose 3.4 percent to CNY 85.4 billion. China Mobile reported mobile data traffic up 151 percent in the period, while voice traffic fell 1.2 percent and SMS traffic was down 6.4 percent.. Average minutes per user were down slightly to 434 per month, and ARPU dipped to CNY 61 per month from CNY 62 a year ago. China Mobile noted that its recent introduction of data carryover from 01 October may have an adverse impact on operating revenue and net profit from the fourth quarter.

Tags: china mobile revenues grows

 

America Movil Q3 revenues up 1.2%, EBITDA falls

2015-10-20 10:02:00| Telecompaper Headlines

(Telecompaper) America Movil announced that its third-quarter revenues were up 1.2 percent from the prior year to MXN 223.6 billion. Service revenues fell 0.6 percent excluding currency effects, similar to the Q2 performance, as the drop in voice revenues offset accelerating data revenues. EBITDA fell 8.2 percent over the same period to MXN 66.7 billion, hurt by currency depreciation in countries such as Brazil and Colombia. America Movil noted that Central America has now become its fastest growing region, due to the economic slowdown in South America. Operating profit reached MXN 35.2 billion, down 17.5 percent from a year earlier, and the net result moved to a loss of MXN 2.1 billion versus a profit of MXN 17.2 billion as financing costs increased and the company became a net taxpayer. Net debt increased by MXN 61.3 billion compared to the end of 2014, mainly due to reclassifying the KPN investment as an asset for sale. Net debt equaled 1.8 times EBITDA at the end of Septmber. In the first nine months of the year, the company funded capital expenditures totaling MXN 105.7 billion.

Tags: america falls revenues movil

 

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