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US: Target Q3 profits slump despite solid revenues
2013-11-22 14:03:00| Daily apparel & textile news and comment - from just-style.com
Retailer Target Corporation posted reduced profits for the third quarter, despite solid revenues in the company's core US business.
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revenues
Dutch mobile service revenues fall 6.4% in Q3
2013-11-21 10:56:00| Telecompaper Headlines
(Telecompaper) Dutch mobile service revenues fell 6.4 percent annually and declined 1.9 percent quarterly to a total EUR 1.36 billion in the third quarter of 2013, according to the latest research from Telecompaper. The market contraction was driven by a continued decline in voice revenue and slowdown in data services growth. Non-voice services (data and SMS) were estimated at 42.1 percent of total mobile service revenue in the quarter, but these are not growing fast enough to offset fully the erosion in voice revenues, the market researcher said. Telecompaper now expects the Dutch market to shrink 6 percent over the full year 2013 to around EUR 5.5 billion in service revenue. Over the five years to 2017, it estimates a compound annual growth rate of minus 2.5 percent, as the economic recession, regulation and the shift to OTT and Wi-Fi services continue to weigh on the sector. The Dutch market saw a slight decrease of 1.3 percent year-on-year in the number of mobile SIMs (including MVNOs), to a total 20.3 million at the end of September 2013. KPN's market lead increased to just under 48 percent of subscribers (mainly due to the migration of MVNO Lycamobile from Vodafone to KPN), while Vodafone saw its market share decrease to less than 27 percent, and T-Mobile was relatively stable at almost 26 percent.
Tags: service
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Avaya revenues down, profits improve in Q4
2013-11-21 08:57:00| Telecompaper Headlines
(Telecompaper) Avaya reported revenues for its fiscal fourth quarter to September of USD 1.2 billion, down 6 percent from a year earlier but 4 percent higher versus the previous quarter. Adjusted EBITDA improved to USD 295 million from USD 267 million a year earlier, and adjusted operating profit rose to USD 244 million from USD 206 million. Net profit rose to USD 23 million from USD 10 million in the year-ago quarter. After cash flow from operations of USD 52 million in the period, Avaya finished September with total cash of USD 288 million. Revenues over the full year fell 9 percent to USD 4.7 billion, and adjusted operating profit was unchanged at USD 721 million. For the coming year, Avaya said it remains focused on broadening its product portfolio and improving go-to-market alignment.
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q4
6.06.216 Lighting and District Amenities Revenues and Program.
2013-11-20 19:15:23| PortlandOnline
Tags: and
program
district
lighting
MTS grows revenues 4% in Q3
2013-11-19 13:50:00| Telecompaper Headlines
(Telecompaper) Russia and CIS mobile operator MTS reported third-quarter revenues grew by 4 percent year-on-year to RUB 103.4 billion. In its home market Russia, revenues rose 3.7 percent to RUB 91.5 billion, and mobile services revenues were up 6 percent to RUB 70.3 billion. The company also got a boost from 45 percent growth in data service revenues, to RUB 13 billion. Group OIBDA increased by 5 percent to RUB 46.3 billion, and the OIBDA margin grew by 0.3 percentage points to 44.8 percent. OIBDA totaled RUB 41.5 billion in Russia, up by 3.6 percent. MTS said the results support its full-year outlook for at least 5 percent revenue growth and an OIBDA margin of at least 43 percent. Quarterly net profit reached RUB 18.079 billion, down by 10.4 percent due to a forex gain in the year-earlier period. Free cash flow for the first nine months of the year totaled RUB 72.2 billion, a 51 percent increase year-over-year. MTS said cash flow will come under pressure in Q4 when it steps up capital expenditure. Capex for the first nine months reached RUB 43.913 billion or 15 percent of revenues and MTS forecast this to grow to around 20 percent of revenue in the full year as it continues its LTE roll-out in Russia and GPON expansion in Moscow.
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