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Vivendi Q4 revenues down 4.6% on SFR, forex effects
2014-02-25 12:14:00| Telecompaper Headlines
(Telecompaper) Vivendi reported a 4.6 percent drop in fourth-quarter revenues to EUR 5.95 billion, as its French telecom operator SFR continued to suffer from tough competition. Canal Plus increased sales 7.2 percent to EUR 1.45 billion, while SFR revenues were down 7.1 percent to EUR 2.58 billion. Universal Music posted a 9.3 percent drop in sales to EUR 1.49 billion, and Brazilian operator GVT's revenues fell 5.1 percent to EUR 412 million, with both units hurt by negative forex effects. Vivendi's adjusted EBITA was up 1.0 percent to EUR 312 million, helped by lower operating costs and a reduction in restructuring charges. Adjusted net profit improved to EUR 292 million from EUR 105 million a year earlier, following the sale of most of its games unit Activision Blizzard. Maroc Telecom, which is planned for sale to Etisalat, is excluded from the net result. On a reported basis, the net result improved to a profit of EUR 556 million versus a loss of EUR 1.48 billion a year ago. This includes EUR 2.92 billion from the Activision sale, offsetting impairment charges of EUR 2.43 billion on SFR. Vivendi reduced net debt to EUR 11.1 billion at year-end, compared to EUR 13.4 billion in 2012, thanks to divestments. The company reiterated its intention to focus on the media and content market and said it's pursuing all potential opportunities to participate in consolidation in the French telecom market.
Tags: effects
revenues
forex
sfr
AUDIO: Music streaming revenues 'grow 40%'
2014-02-19 10:48:01| BBC News | Business | UK Edition
Geoff Taylor and Spencer Hickman discuss the year-on-year rise in music streaming revenues.
Tags: music
audio
grow
revenues
Ag costs could exceed revenues
2014-02-19 02:42:00| Corn & Soybean Digest
The Center for Farm Financial Management at the University of Minnesota presented some compelling data compiled on farms over eight states that are considered above average operations. The first fast fact was that the cost of production for half of the corn producers was above $5.00 per bushel. Road Warrior read more
1st Qtr: Buhler Ind. Revenues Drop 9%, Net Income Up 43%
2014-02-18 12:25:13| Agriculture - Topix.net
REVENUES DROP 9%, NET INCOME UP 43% Feb. 18, 2014 Source: Buhler Industries news release To view the complete report, click here.
DHX Media reports 15% increase in revenues on, boosts net earnings
2014-02-14 18:23:16| Telecom - Topix.net
Children's programming company DHX Media says its net income jumped to $3.2 million in its fiscal second quarter, helped by an increase in licensing revenues.
Tags: net
media
increase
reports
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