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Ballard posts big third-quarter loss but sees a rosier future
2015-10-29 03:58:24| Electronics - Topix.net
Princess Astrid of Belgium, centre, listens to a presentation at hydrogen fuel cell manufacturer Ballard Power Systems in Burnaby Tuesday. While auto manufacturers such as Mercedes and Toyota have been grabbing headlines on the more glamorous side of the hydrogen fuel-cell sector, it is proving to still be a tougher business for fuel-cell manufacturer Ballard Power Systems, which recorded another multi-million-dollar loss in the third quarter of 2015.
Statoil posts Q3 loss, continues to feel sting of low oil prices
2015-10-28 13:11:15| Oil & Gas - Topix.net
Norwegian oil and gas company Statoil posted a loss in the third quarter despite attempts to slash costs amid declining oil prices. The state-controlled company posted a net loss Wednesday of 2.8 billion kroner in the July-September period, compared with a loss of 4.7 billion kronor in the same quarter last year.
Telenor posts Q3 net loss on Vimpelcom writedown
2015-10-28 08:57:00| Telecompaper Headlines
(Telecompaper) Telenor reported a loss of NOK 1.77 billion for the third quarter, hurt by a writedown on its stake in Vimpelcom which is up for sale. In the year-earlier period, the company had a profit of NOK 2.59 billion. Revenues increased to NOK 31.84 billion in Q3 from NOK 27.69 billion a year ago and were up 4.5 percent on an organic basis. Adjusted EBITDA rose to NOK 11.85 billion from NOK 10.26 billion, with the margin little changed at 37.2 percent. Telenor said it showed strong results in the Norwegian mobile market, continued expansion in Myanmar and promising growth trends in Pakistan, Bangladesh, Sweden and Hungary. However, it faced intense competition impacting performance in Thailand, Malaysia and Denmark. In Denmark, the group is still reviewing its strategic options after the proposed merger with Telia was blocked by regulators. The inclusion of the Danish operations led to a change in Telenor's outlook for the full year. It now expects an EBITDA margin of 34-35 percent for 2015, at the low end of its earlier guidance of 34-36 percent. Organic sales growth is expected at around 5 percent over the full year, after 5.7 percent in the first nine months of the year.
Monsanto posts 4Q loss, to eliminate 2,600 jobs to cut costs
2015-10-07 15:39:08| Chemicals - Topix.net
Monsanto Co. says it will eliminate 2,600 employees as part of a cost-saving plan as it reported a loss for the fourth quarter amid falling sales of its biotech seeds and herbicides.
Troubled Toshiba posts $318m loss
2015-09-07 05:03:55| BBC News | Business | UK Edition
Troubled Japanese conglomerate Toshiba posts a net loss of 37.8bn yen ($318m; 209.3m) for the year to March.
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