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Tag: growth slows
Singtel growth slows on forex effects, Australia
2014-05-15 09:26:00| Telecompaper Headlines
(Telecompaper) Singapore Telecommunications (SingTel) reported net profit for its fiscal fourth quarter up 3.5 percent year-on-year to SGD 898 million. Growth was held back by the weaker Australian dollar and regional currencies; excluding the currency effects, net profit would have grown 13 percent. The operator said it profited from a solid consumer business in its home market and a strong return from its stake in Indian operator Bharti Airtel. Pre-tax earnings from its holdings in mobile operators abroad increased 9 percent to SGD 558 million. Operating revenue was still down 7.9 percent to SGD 4.128 billion and fell 1.1 percent on a constant currency basis. This was due to the earlier flagged weaker performance at Optus in Australia and in the Enterprise segment. EBITDA dropped 9.2 percent to SGD 1.297 billion, and free cash flow was 31.4 percent lower at SGD 868 million. Over the full year, Singtel reported a small drop in revenue and higher profits. For the current year to March 2015, it expects stable revenue and EBITDA, and capital expenditure around SGD 3.2 billion.
Tags: australia
effects
growth
forex
US retail growth slows in April
2014-05-13 16:32:30| BBC News | Business | UK Edition
US retail sales grew by just 0.1% in April, figures from the Commerce Department show, as consumers cut back on purchases of electronics and furniture.
Tags: april
growth
retail
slows
US economic growth slows sharply
2014-04-30 15:22:36| BBC News | Business | UK Edition
US economic slows to 0.1% in the first quarter of the year, thanks to the impact of unusually bad winter weather.
Tags: growth
economic
economic growth
sharply
America Movil growth slows on forex effects
2014-04-30 09:06:00| Telecompaper Headlines
(Telecompaper) America Movil saw its growth slow in the first quarter, due to negative currency effects and the increased regulation in its home market Mexico. Revenues were up 1.3 percent from a year ago to MXN 195.4 billion, and EBITDA rose 1.7 percent to MXN 64.9 billion. Excluding forex effects, the figures were up respectively 6.9 and 6.7 percent. Net profit was hurt by increased financing costs, dropping 48.3 percent to MXN 13.9 billion or MXN 0.20 per share. The company spent MXN 19.1 billion on capital investments in the quarter, while also reducing debt by MXN 2.2 billion, buying back MXN 12.6 billion in shares and acquiring assets for MXN 1.4 billion. Net debt of MXN 440 billion was worth 1.6x annual EBITDA at the end of March. America Movil finished the quarter with 272.2 million mobile customers, up by 2.3 million from three months earlier. The net additions included 1.4 million from the acquisition of Page Plus in the US and 769,000 new postpaid customers, as well as 980,000 disconnections of inactive customers in Latin America. The number of revenue-generating units in the fixed market rose by 1.2 million in the quarter, of which 571,000 in TV and 492,000 in broadband, to a total 70.7 million at the end of March.
Tags: america
effects
growth
forex
China's logistics growth slows in first quarter
2014-04-29 12:19:11| Logistics - Topix.net
China's logistics industry growth continued to slow in the first quarter of this year, weighed down by shrinking demand growth and a slowing economy, new data showed on Tuesday.
Tags: growth
quarter
logistics
slows
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