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ZTE posts FY loss on lower revenues, margins

2013-03-27 17:40:00| Telecompaper Headlines

(Telecompaper) ZTE reported annual revenue down 2.4 percent in 2012 to CNY 84.2 billion, hurt by delays in some network contracts and lower sales of feature phones. In its home market China, revenues were stable at CNY 39.6 billion, while sales abroad fell 4.5 percent to CNY 44.7 billion. Revenues from carrier network equipment fell 10.6 percent to CNY 41.6 billion, and sales of end-user devices dropped 4.1 percent to CNY 25.8 billion. In software, services and other products, where ZTE has been looking to expand in the government and enterprise segments, the group grew revenues 31.1 percent last year to CNY 16.8 billion. The gross margin declined, hurt by a number of low-margin contracts in China, Africa and South America, the company said. The operating result moved to a loss of CNY 143 million from a profit of CNY 3.94 billion a year earlier, and in line with its earlier profit warning, the company recorded a net loss of CNY 2.84 billion for the year, versus a profit of CNY 2.06 billion in 2011. Operating cash flow moved to a positive CNY 1.87 billion, from a negative CNY 1.81 billion in 2011, and the group posted its first positive free cash flow in three years.

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Code Red: Rescue Your Revenues With ZirMed's Coding, Compliancy And Reimbursement Management Tools

2013-03-25 12:15:35| dairynetwork Downloads

As healthcare costs and insurance premiums continue to rise at a pace far surpassing inflation, payers have responded to the mounting economic pressures by employing complex billing and coding rules to eliminate inappropriate payments.

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Small and Midsize Manufacturers Project Strong Revenues for 2013

2013-03-20 17:53:00| Electrical Construction & Maintenance

Majority of manufacturers plan to beat 2012 revenue records, keep capital investments strong, and bring international sourcing closer to the United States read more

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China Telecom grows FY mobile revenues 42%

2013-03-20 09:18:00| Telecompaper Headlines

(Telecompaper) China Telecom reported 2012 revenues up 15.5 percent to CNY 283.07 billion. Mobile revenues improved 42.5 percent to CNY 117.83 billion, and wireline revenues were up 1.8 percent to CNY 162.37 billion. EBITDA, including network leasing fees, fell 6.0 percent to CNY 96.39 billion. China Telecom recently completed the acquisition of its main mobile network assets and said it expects profitability to improve once the leasing fees end. The operator's net profit for the year was down 9.5 percent to CNY 14.93 billion or CNY 0.18 per share, hurt by extra costs for launching the iPhone and expanding in the high end of the market. Helped by investments in 3G, mobile service revenues were up 36 percent last year to CNY 92.8 billion. The operator added a net 34.15 million new mobile subscribers for a total 161 million at year-end. 3G subscribers grew by 32.76 million and accounted for 43 percent of the customer base. China Telecom estimates its mobile subscriber market share was about 15 percent, while the 3G subscriber market share reached 30 percent. The company also invested in its fixed broadband network last year, including the fibre cities project. This helped fixed internet revenues grow 10 percent to CNY 67.8 billion, and the fixed broadband customer base increased by 13.31 million to over 90 million. After a 39.4 percent drop in free cash flow last year to CNY 12.36 billion, China Telecom left its dividend unchanged at HKD 0.085 per share. It forecast an increase in capex this year to CNY 75 billion from CNY 72.5 billion in 2012.

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MTS grows Q4 revenues 6%, EBITDA up 1%

2013-03-19 14:02:00| Telecompaper Headlines

(Telecompaper) Russian mobile operator MTS reported fourth-quarter revenues up 6 percent from a year earlier to USD 3.17 billion, while EBITDA rose a slower 1 percent to USD 1.29 billion. MTS said profit growth was held back by investments in its retail distribution and provisions for the shutdown of its operations in Uzbekistan. Net income was still up 39.1 percent to USD 547.3 million, thanks to lower financing costs and forex gains. Over the full year, the company missed its target for 7 percent revenue growth, with sales up just 0.9 percent due to a stronger dollar and the Uzbekistan withdrawal. The target for an OIBDA margin over 42 percent was met with a result of 42.6 percent, helped by tighter cost controls. Group capex rose to USD 2.90 billion last year, or 23.3 percent of revenues, in line with guidance. With its 3G roll-out nearly complete, capex will drop this year, but still remain at about 20 percent of revenues as the LTE roll-out starts. MTS expects capex of 18-19 percent of sales over the period 2013-2015. The company again targets 5-7 percent revenue growth this year, in local currencies, while the EBITDA margin is estimated at 41-42 percent.

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