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Waste Management Firm Clean Harbors Posts Loss in Third Quarter
2014-11-06 11:00:00| Waste Age
Waste management firm Clean Harbors Inc. posted a loss for its third quarter, resulting from economic difficulties with its Oil Re-refining and Recycling segment. read more
Tags: management
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Sony posts quarterly loss on weak mobile sales
2014-10-31 08:50:00| Telecompaper Headlines
(Telecompaper) Sony reported a net loss of JPY 136 billion for its fiscal second quarter to September, hurt by an impairment charge to write down the value of its mobile business. Revenues were still up 7.2 percent year-on-year to JPY 1.902 trillion, helped by strong Playstation sales. The operating result moved to a loss of JPY 85.6 billion from a profit of JPY 13.9 billion a year ago, due to the charge of JPY 176 billion for the mobile business. Sony also took JPY 9.9 billion in restructuring charges in the quarter, of which 7.7 billion for exiting the PC business. At the mobile division, sales were up 1.2 percent to JPY 308.4 billion, but fell 4 percent at constant currency rates. The operating loss amount to JPY 172 billion, versus a profit of JPY 8.8 billion a year ago. Sony maintained its group outlook for 2014, cut in September when it warned about the mobile charge and a rethink at the phone business. It now forecasts the mobile division will report annual sales of JPY 1.35 trillion and a bigger operating loss of JPY 204 billion. The outlook was downgraded compared to the last quarterly report due to weaker smartphone sales, especially in China, as well as negative currency effects from the US dollar and restructuring costs.
Virgin Australia airline posts $333 million loss
2014-08-29 07:45:52| Airlines - Topix.net
Australia's second largest airline, Virgin Australia Holdings Ltd., said on Friday it lost 356 million Australian dollars in its last fiscal year, a three-fold increase over the previous year.
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Casella Waste Posts Smaller Loss for Quarter
2014-08-28 16:44:00| Waste Age
Casella Waste Systems Inc. lost a smaller amount in its transitional first quarter compared with 12 months earlier, but the company said its on track to get the firm on solid footing. read more
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Qantas Airways posts $2.6 billion loss for year
2014-08-28 03:39:06| Airlines - Topix.net
Qantas Airways Ltd. on Thursday posted a record 2.8 billion Australian dollar statutory loss for the last fiscal year reflecting a profit-draining battle with its smaller rival Virgin Australia and aircraft write downs.
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