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Samsung profit jumps in Q3, boosted by strength at chips, high-end phones

2018-01-31 12:15:00| Telecompaper Headlines

(Telecompaper) The memory business again showed the strongest growth, with sales rising 54 percent to KRW 17.94 trillion. Semiconductor sales advanced 42 percent to KRW 21.11 trillion. Samsung said it benefited from good market conditions, driven by demand for mobile and data centre applications. The supportive market environment is expected to continue into 2018. 

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SK Hynix's revenue grows 75%, profit jumps 260% in 2017

2018-01-25 09:17:00| Telecompaper Headlines

(Telecompaper) Fourth-quarter revenue amounted to KRW 9.03 trillion, up 69 percent year-on-year, and operating profit jumped 191 percent to KRW 4.47 trillion, with an operating margin of 49 percent. Net income for the quarter was KRW 3.22 trillion, an increase of 98 percent year-on-year.

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Axiata's 9-month revenue grows 15%, profit jumps 14%

2017-11-23 11:04:00| Telecompaper Headlines

(Telecompaper) Axiata Group reports that its revenue increased by 15 percent to MYR 18.1 billion for the nine months of financial year 2017, from MYR 15.8 billion in the corresponding period of 2016. Revenue growth was mainly driven by data segment with data revenue contributing 44 percent of service revenue as compared to 33 percent in the year-earlier period.

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China Telecom's H1 profit jumps 7%, revenue up 4%

2017-08-23 12:27:00| Telecompaper Headlines

(Telecompaper) China Telecom reported operating revenues of CNY 184.1 billion in the first half of 2017, which represents an increase of 4.1 percent year-on-year. Service revenues amounted to CNY 165.8 billion, up 6.8 percent compared to the year-earlier period. EBITDA amounted to CNY 52.4 billion, up 3.7 percent year-on-year, while EBITDA margin stood at 31.6 percent at 30 June 2017. Net profit reached CNY 12.5 billion, representing an increase of 7.4 percent over the same period of 2016.

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Telecom Egypt Q2 net profit jumps on Vodafone dividend

2016-08-11 17:33:00| Telecompaper Headlines

(Telecompaper) Telecom Egypt (TE) reported a 175 percent increase in net profit to EGP 1.04 billion for the second quarter ended 30 June from EGP 378 million in the same period 2015. The operator attributed the growth to higher revenues, and an increase in income from investments, primarily attributable to Vodafone Egypt.

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