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Etisalat's expansion push lifts international revenues but Q3 net declines

2013-10-28 01:00:00| Total Telecom industry news

UAE operator is back on the M&A trail, with deals in Morocco, Sri Lanka a possibility.

Tags: net international expansion push

 

Canam reinstates dividend as Q3 profit surges to $10 million on higher revenues

2013-10-24 04:21:22| Steel - Topix.net

Canam Group is reinstating its quarterly dividend after the fabricator of steel structures for the construction industry saw profits surge to $10 million in the third quarter on a strong boost in revenue.

Tags: million higher profit revenues

 
 

KPN revenues down 7.6% in Q3, EBITDA falls 14%

2013-10-22 09:14:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN reported third-quarter revenues down 7.6 percent to EUR 2.08 billion, and EBITDA fell 14 percent year-on-year to EUR 743 million. The results exclude its German operator E-Plus, which is being acquired by Telefonica. KPN's net profit fell 56 percent to EUR 87 million. Capex totaled EUR 357 million in the three months, down 2.7 percent from a year earlier, and free cash flow fell 38 percent to EUR 63 million. The ration of net debt to EBITDA worsened, to 2.4 from 2.2 in the previous quarter. If the expected proceeds from E-Plus are taken into account, the ratio would be 1.5. KPN adjusted its outlook to take account of the German divestment. It reiterate dplans to resume dividends from 2014 and lowered its capex outlook to less than EUR 1.7 billion this year and a maximum EUR 4.7 billion over 2013-2015. The Dutch market remains challenging and is only expected to stabilise next year, while the Belgian operations should continue to outperform the market. E-Plus is expected to grow service revenues this year, but see a lower EBITDA margin.

Tags: falls revenues q3 kpn

 

Google revenues up 12% in Q3, profits improve

2013-10-18 08:45:00| Telecompaper Headlines

(Telecompaper) Google reported third-quarter revenues up 12 percent year-on-year to USD 14.89 billion. Revenues from Motorola Mobility fell to USD 1.18 billion from USD 1.78 billion, while Google's own revenues were up 19 percent to USD 13.77 billion. Traffic acquisition costs totaled USD 2.97 billion, or 24 percent of advertising revenues. Operating profit rose to USD 3.44 billion from USD 2.74 billion a year earlier. Motorola contributed a loss of USD 248 million, while Google's profit rose to USD 4.64 billion from USD 3.95 billion. Net profit improved to USD 2.97 billion or USD 8.75 per share, from USD 2.18 billion or USD 6.53 per share a year ago. Operating cash flow rose to USD 5.1 billion from USD 4.0 billion a year ago, and Google spent USD 2.29 billion on capital equipment in the quarter. The company finished September with USD 56.52 billion in cash.

Tags: google improve profits revenues

 

Revenues drop 20% at Goldman Sachs

2013-10-17 17:20:55| BBC News | Business | UK Edition

Goldman Sachs reports a 20% drop in third quarter revenues, but protects profits by trimming employees' pay and benefits.

Tags: drop revenues goldman sachs

 

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