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Advanced Disposals ADS Posts Smaller Loss in Fourth Quarter, Year
2014-03-21 13:46:00| Waste Age
ADS Waste Holdings Inc., Advanced Disposal Services Inc.s parent firm, reported a smaller loss than a year ago for its fourth quarter and year as it nears financial completion of its Veolia ES Solid Waste purchase and the firms integration and restructuring costs. read more
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Tiffany Posts 4Q Loss Due To Large Charge
2014-03-21 13:18:50| Jewelry - Topix.net
Tiffany & Co. is reporting a loss in its fiscal fourth quarter, dragged down by a hefty charge tied to an unfavorable arbitration ruling.
Transat posts Q1 loss on declining loonie, higher operating costs
2014-03-13 15:48:40| Real Estate - Topix.net
Transat A.T. Inc. says a lower Canadian dollar hurt its first quarter profit, as it was forced to increase its operating expenses to make up for the currency's declining value.
Trinity Mirror posts big annual loss
2014-03-13 13:16:54| BBC News | Business | UK Edition
The publisher of the Daily Mirror and Manchester Evening News posts a 161m annual loss, blaming the economic environment and print industry woes.
Vimpelcom posts Q4 loss on Canada, Ukraine writedowns
2014-03-06 09:10:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported a net loss of USD 2.660 billion for the fourth quarter, versus a profit of USD 195 million a year earlier, as the company wrote down the value of its investments in Ukraine and Canada. Revenues fell 7 percent to USD 5.554 billion, while EBITDA dropped a slower 3 percent to USD 2.372 billion, helping the margin increase to 42.7 percent. Sales were down in all its divisions apart from the CIS, due to regulatory and macroeconomic pressures, negative currency effects and tough competition in markets like Italy. On an organic basis, quarterly revenues were down 4 percent in Russia, 10 percent lower in Italy, 9 percent less in Ukraine and 8 percent lower in Africa and Asia. Over the full year 2013, Vimpelcom increased capex 3 percent to USD 4.233 billion or 19 percent of revenues, as it focused on expanding its broadband networks. The capex-sales ratio is expected to increase further in 2014 to 21 percent, as the roll-out of 3G and 4G continues in key markets. Operating cash flow fell 5 percent to USD 5.386 billion in 2014, and the net debt ratio increased slightly to 2.3x EBITDA. The company reiterated its plan to sharply reduce dividends until the debt ratio drops to 2.0. Vimpelcom also maintained its outlook issued in January for stable revenues and EBITDA this year and net debt around 2.3x EBITDA at year-end.
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