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Calgary's Talisman Energy posts Q2 net loss of $237M on higher revenues

2014-07-29 15:14:58| Energy - Topix.net

Talisman Energy, which has been approached by Spain's Repsol for a potential deal, reports a second-quarter loss of net loss of US$237 million, or 23 cents per share.

Tags: net posts higher loss

 

Bharti Airtel quarterly revenues up 13% on 3G expansion

2014-07-29 15:04:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal first quarter up 13.3 percent year-on-year to INR 229.6 billion. The growth was driven by a 74 percent increase in mobile data revenues to INR 22.0 billion, as well as a 9.1 percent rise in the number of customers to hit the 300 million mark. EBITDA for the three months to June rose 18.0 percent from a year earlier to INR 77.2 billion, giving a margin of 33.6 percent, up from 32.3 a year ago. A drop in financing costs helped net profit jump 61 percent to INR 11.1 billion. Airtel increased capital expenditure 74 percent to INR 39.9 billion, driven by the 3G roll-out in India. As a result, operating cash flow fell 12 percent to INR 37.3 billion. Airtel reported mobile revenues in its home market India up 10 percent to INR 127.5 billion, while EBITDA rose 25 percent to INR 47.1 billion. The number of customers in India rose 10 percent year-on-year and 2 percent from March to 209.41 million at the end of June. In Africa, the operator grew revenues 17 percent to INR 69.7 billion, and EBITDA rose 7 percent to INR 17.0 billion. The number of customers fell by 357,000 compared to March to 69.09 million, mainly due to a temporary sales ban in Nigeria.

Tags: expansion quarterly revenues airtel

 
 

PepsiCo Earnings Review: Both Beverages and Snacks Boost Organic Revenues in Q2

2014-07-28 18:18:32| Beverages - Topix.net

Snacks and beverages manufacturer PepsiCo reported 0.5% growth in net revenues in Q2, with organic revenues rising 3.6%, on July 23. As expected, the snacks business, which constitutes more than half the net sales for PepsiCo, drove top line growth in the quarter.

Tags: in review organic earnings

 

Deckers Outdoor revenues touch record highs in Q1FY'15

2014-07-25 11:54:32| Footwear - Topix.net

Deckers Outdoor Corporation a global leader in designing, marketing, and distributing innovative footwear, apparel and accessories, announced financial results for the first quarter ended June 30, 2014.

Tags: record outdoor touch revenues

 

Baidu sees Q2 revenues jump 58%, net profit up 34%

2014-07-25 08:44:00| Telecompaper Headlines

(Telecompaper) Chinese internet search provider Baidu saw its second-quarter revenues jump by 58.5 percent year-on-year to CNY 11.9 billion. Operating profit increased by 22.5 percent to CNY 3.5 billion. Traffic acquisition costs reached CNY 1.5 billion, accounting for 12.7 percent of revenue from 11.6 a year ago. Net profit was up 34.1 percent year-on-year to CNY 3.5 billion in the second quarter. Adjusted EBITDA (non-GAAP) amounted to CNY 4.494 billion for the second quarter of 2014, representing a 29.3 percent increase from the year-earlier period. For the second quarter, Baidu expects revenues of ranging from CNY 13.4 and CNY 13.7 billion, representing a increase of 50.9 to 55 percent year-on-year.

Tags: up net jump profit

 

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