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Weak UK postpay market sees Dixons Carphone lower profit forecast

2017-08-24 10:36:00| Telecompaper Headlines

(Telecompaper) Dixons Carphone has warned of a drop in profits in the current financial year as it faces a challenging postpay UK mobile phone market. In a trading statement, the group said it now expects profit before tax of GBP 360-440 million for the year to April 2018, down from GBP 501 million last year. 

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Dixons Carphone warns on profit as mobile sales hit

2017-08-24 08:52:17| BBC News | Business | UK Edition

More expensive mobile phones and lower EU roaming charges will hit profits, the retailer warns.

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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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China Telecom posts profit growth on 4G adds

2017-08-23 02:00:00| Total Telecom industry news

China Telecom reported strong growth in net profit in the first half of 2017, aided by the addition of more than 30 million 4G customers. The Chinese operator's bottom line came in at 12.54 billion yuan (€1.6 billion) for the six months to the end of June, up by 7.4% on the same period a year earlier, while EBITDA grew by 3.7% to CNY52…read more on TotalTele.com »

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Provident Financial shares dive on new profit warning

2017-08-22 09:33:35| BBC News | Business | UK Edition

The firm's shares plummet 43% after it says it will lose 80m to 120m over a faltering shake-up.

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