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ABB India net declines 26 percent in 2012
2013-02-21 20:51:05| Electronics - Topix.net
Bangalore, Feb 21 : Power and automation technologies major ABB Ltd reported net profit of Rs.137 crore for calendar year 2012 as against Rs.185 crore in in 2011, registering a decline of 26 percent year-on-year . In a regulatory filing Thursday, the India subsidiary of the Swiss global firm said revenue for the year under review , however, ... (more)
Asian Stocks Advance on G-20, Yen; Li & Fung Declines on WalMart
2013-02-18 04:19:50| Logistics - Topix.net
Asian stocks rose, with the regional benchmark index paring last week's loss, as Japanese shares rallied after the Group of 20 nations refrained from censuring the nation's policies that have weakened the yen.
SWEDEN: H&M records fourth month of comparable sales declines
2013-02-15 11:00:00| Daily apparel & textile news and comment - from just-style.com
H&M Hennes and Mauritz has recorded its fourth consecutive month of comparable store sales declines, down 4% during January.
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SWEDEN: H&M sees fourth month of comparable sales declines
2013-02-15 11:00:00| Daily apparel & textile news and comment - from just-style.com
Cold weather has weighed on fashion sales in many European markets during January, with retailer H&M Hennes and Mauritz no exception.
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Zain FY net income declines to USD 902 mln
2013-02-15 09:31:00| Telecompaper Headlines
(Telecompaper) Middle East mobile operator Zain announced that its net income for 2012 declined to USD 902 million from USD 1.033 billion in 2011. Revenues fell to USD 4.58 billion from USD 4.79 billion, and EBITDA amounted to USD 2.04 billion, giving an EBITDA margin of 44.5 percent. The board recommended a cash dividend of USD 0.18 per share. Zain's consolidated customer base grew by 6 percent over the year to 42.714 million active customers, good for 2.451 million new lines in the past twelve months. Group chairman Asaad Al Banwan said 2012 had been a challenging year, and Zain's results suffered from exchange rate effects of around USD 109 million. He said Zain continued to adhere to its policy of reducing administrative, operational and finance costs during 2012.
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