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Boeing revenues and deliveries rise

2014-04-23 14:35:02| BBC News | Business | UK Edition

Boeing's revenues rise 8% to $20.5bn (12.2bn) in the first quarter, driven by an increase in commercial aircraft deliveries.

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China Unicom service revenues up 12% on broadband expansion

2014-04-17 12:03:00| Telecompaper Headlines

(Telecompaper) China Unicom reported first-quarter service revenues up 11.8 percent from a year earlier to CNY 63.80 billion. Total revenues reached CNY 76.47 billion. Growth was led by the mobile business, where service revenues rose 15.4 percent to CNY 40.68 billion. The company added a net 8.710 million new customers in the quarter, for a total 289.693 million at the end of March, and mobile broadband customers rose by 9.700 million to 132.300 million. ARPU totaled CNY 47.6 for the mobile business, while mobile broadband ARPU was at CNY 70.3. In the fixed-line business, service revenue rose 5.8 percent year-on-year to CNY 22.92 billion. Broadband accounted for over half the total, growing 11.0 percent to CNY 12.44 billion. China Unicom added 1.794 million broadband customers in Q1, for a total 66.441 million at the end of March. ARPU for the broadband business was CNY 63.3. Despite an increase in sales costs for promoting broadband and facing competition, the operator improved its EBITDA margin by 2.2 percent points compared to a year earlier to 37.6 percent of service revenue. Total EBITDA rose 18.7 percent to CNY 24.00 billion, and net profit was up 73.9 percent to CNY 3.30 billion. Operating cash flow also improved, to CNY 18.20 billion from CNY 15.84 billion a year ago. 

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Google Q1 revenues up 19%, profit growth slower

2014-04-17 08:32:00| Telecompaper Headlines

(Telecompaper) Google reported first-quarter revenues of USD 15.42 billion, up 19 percent from a year earlier. The figure excludes traffic acquisition costs, which totaled USD 3.23 billion, or 23 percent of advertising revenues. Operating profit rose to USD 4.12 billion from USD 3.75 billion a year ago, while the margin fell to 27 percent from 29. Net profit increased to USD 3.45 billion or USD 5.04 per share, from USD 3.35 billion or USD 4.97 per share in Q1 2013. Motorola's results were recorded as discontinued operations, pending the sale of the handset business to Lenovo. Motorola contributed a net loss of USD 198 million for the quarter. Google generated operating cash flow of USD 4.39 billion in Q1, while investing USD 2.35 billion in capital equipment. The company finished March with cash of USD 59.38 billion. Google added another 3,000 employees in the quarter, for a total of just under 50,000, excluding Motorola. 

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Nestlé reports 5.1% drop in Q1 net revenues

2014-04-16 01:00:00| Food Processing Technology

Nestlé has reported a 5.1% year-over-year decrease in net sales to CHF20.8bn ($23.6bn) for the first quarter of 2014, its results affected by severe weather in North America and weak consumer confidence in Europe.

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Nike Q3'FY14 revenues mount 13%

2014-04-12 12:51:39| Footwear - Topix.net

NIKE, Inc. reported financial results for its fiscal 2014 third quarter ended February 28, 2014.

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