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Finsbury Food sees profit ahead of forecasts, ups dividend

2013-07-15 12:23:07| Industrial Machines - Topix.net

Finsbury Food, the cake and bread maker, said profit expectations for the financial year ended June 2013 are significantly ahead of expectations and has recommended an increase in its final dividend.

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Axiata group sees profit grow 5%

2013-05-23 02:32:00| Telecompaper Headlines

(Telecompaper) Mobile operator group Axiata posted a first quarter net profit of MYR 675.2 million, up 4.7 percent from MYR 644.9 million in the year-ago period, mainly due to foreign exchange gains. Higher profit contribution in Sri Lanka and Bangladesh operations also brought back positive growth to the group. Revenues were up 5.5 percent to MYR 4.5 billion from MYR 4.2 billion in Q1 2012 as slower momentum in traditional revenues was cushioned by strong growth in data at Celcom and XL. EBITDA, however, dipped 2.4 percent to MYR 1.8 billion, due to higher costs associated with the push for data coverage expansion, especially at XL. EBITDA was also impacted following the introduction of SMS interconnection and price competition at XL which started in the second quarter 2012. The company's total mobile subscriber base grew 9.4 percent across the group to 219 million. For FY 2013, Axiata expects revenue growth of 7.6 percent and EBITDA growth of 0.2 percent.

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SingTel Q4 profit falls 33%, sees higher Ebitda this financial year

2013-05-16 05:01:48| IT Services - Topix.net

Singapore Telecommunications Ltd, South-east Asia's largest telecommunications operator, posted on Wednesday a 33 per cent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid.

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NTT sees FY profit grow 12%

2013-05-13 02:26:00| Telecompaper Headlines

(Telecompaper) Japanese telecommunications group NTT posted a net profit of JPY 524.1 billion for the fiscal year ended 31 March, up 12.1 percent from JPY 467.7 billion in FY 2011. The profit missed the guidance of JPY 530 billion. Revenues went up 1.8 percent to JPY 10.70 trillion from JPY 10.51 trillion, lower than the forecast of JPY 10.81 trillion. However, operating income fell 1.7 percent to JPY 1.20 trillion due to a decrease in operating income from the mobile communications business partially offset by increases in operating income in the data communications business and long distance and international communications business. In FY 2013, NTT expects revenues of JPY 11.0 trillion, up 2.8 percent, while net income is expected to grow by 11.6 percent to JPY 585.0 billion.

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Sony returns to profit, sees further growth in coming year

2013-05-09 08:58:00| Telecompaper Headlines

(Telecompaper) Sony reported results for its fiscal year to March 2013 in line with its recently revised forecast. Revenues rose 4.7 percent to JPY 6.801 trillion, and the operating result moved to a profit of JPY 230 billion from a loss of JPY 67.3 billion the previous year. The net profit totaled JPY 43 billion or JPY 40.19 per share, versus a loss of JPY 456.7 billion or JPY 455.03 per share a year ago. Sony benefited from the takeover of the Sony Ericsson mobile phone joint venture, restructuring at its TV business and the divestment of its small display and chemicals businesses and office buildings. The mobile business, which includes handsets and PCs, doubled sales to JPY 1.258 trillion thanks to the takeover. On a pro forma basis, sales were up 18 percent, as higher prices and volumes for smartphones helped offset lower computer sales. Sony sold 33.0 million smartphones during the fiscal year, up from 22.5 million the previous year. The division still posted an operating loss of JPY 97.2 billion, versus a profit of JPY 7.2 billion a year earlier when it booked a one-time gain on the mobile takeover. The weak PC market and forex effects weighed on results, as did an increase in restructuring charges. For the year to March 2014, Sony forecast an increase in revenues to JPY 7.50 trillion and stable operating profit, thanks to the weaker yen and improved electronics sales, including a "significant" increase in smartphones sales to around 42 million units. Net profit is expected to rise to around JPY 50 billion.

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