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Puma footwear sales drive Q2 profit surge

2017-07-27 14:26:00| Daily apparel & textile news and comment - from just-style.com

German sportswear brand Puma has raised its full year guidance on the back of double-digit growth across all regions in its second-quarter, driven by footwear as the main growth driver.

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Samsung nearly doubles Q2 net profit

2017-07-27 08:16:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics nearly doubled its net profit in the second quarter, thanks to strong growth in its components and handset businesses and the takeover of consumer electronics group Harman. Net profit increased to KRW 11.05 trillion from KRW 5.85 trillion a year ago, as sales rose 20 percent to KRW 61.00 trillion. Operating profit was up 72.9 percent to KRW 14.07 trillion, in line with the company's preliminary report. 

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Joules moves to FY profit on international growth

2017-07-26 12:49:00| Daily apparel & textile news and comment - from just-style.com

UK fashion retailer Joules has booked higher sales in its last fiscal year and moved to a profit thanks to the group's expansion both at home and abroad and investment in online.

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AT&T returns to profit growth in Q2

2017-07-26 08:20:00| Telecompaper Headlines

(Telecompaper) AT&T reported higher profits for the second quarter, as lower costs helped offset falling sales in its legacy fixed and consumer mobile activities. Revenues fell 1.8 percent to USD 39.8 billion, while operating profit improved to USD 7.3 billion from USD 6.6 billion a year ago, thanks to reductions in operating costs. The adjusted operating margin, which excludes merger-related costs and other one-time items, rose by 150 basis points year-on-year to 21.6 percent. 

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GM profit down but better than expected

2017-07-25 14:44:33| BBC News | Business | UK Edition

The car giant saw net income fall to $2.4bn (1.8bn), down from $2.8bn a year earlier.

Tags: than expected profit

 

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