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Ooredoo Q3 net profit falls 51% on forex losses
2016-10-31 09:38:00| Telecompaper Headlines
(Telecompaper) Qatar-based Ooredoo Group reported third-quarter revenues up 2 percent year-on-year to QAR 8.352 billion, and EBITDA rose 3 percent to QAR 3.678 billion. The company's net profit was still down 51 percent from a year earlier to QAR 370 million, due to foreign exchange losses. Ooredoo attributed the growth in underlying results to strong growth in data revenues, which reached 39 percent of group revenues, and expansion in the enterprise market, which accounted for 17 percent of revenues. In addition, the customer base grew 16 percent year-on-year to 166 million at the end of September.
Gemalto lowers 2017 profit target, posts 1% Q3 revenue drop
2016-10-31 09:33:00| Telecompaper Headlines
(Telecompaper) Gemalto lowered its target for 2017 operating profit, with a revised guidance in the range of EUR 500-520 million. In March 2015, the company had raised this target to EUR 660 million from EUR 600 million previously, an increase mainly driven by its acquisition of data protection specialist SafeNet. CEO Philippe Vallee stated that the outlook had worsened for the Mobile business unit and that payment card migration was slower than expected. The company reported third quarter revenue of EUR 753 million, down 1 percent year-on-year at constant exchange rates (compared to an increase of 3 percent in the previous quarter).
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Ooredoo Q3 profit plunges 51% on forex losses
2016-10-31 01:00:00| Total Telecom industry news
Revenue, EBITDA inch up as Qatar-based telco group reports 16% increase in customer base.
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Deckers "pleased" with Q2 as profit rises 8%
2016-10-28 15:06:00| Daily apparel & textile news and comment - from just-style.com
US apparel and footwear group Deckers Brands said it is pleased with its second-quarter results, after booking an 8% rise in profit despite a slight drop in sales.
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Google ad business drives increase in Alphabet Q3 profit
2016-10-28 08:24:00| Telecompaper Headlines
(Telecompaper) Alphabet, the parent company of Google, reported a strong increase in third-quarter profits, led by continued expansion in Google's advertising business. Revenues rose 20 percent year-on-year to USD 22.45 billion, and operating profit increased to USD 5.77 billion from USD 4.71 billion, leading to an increase in the margin to 34 percent from 33 a year ago. Net profit rose to USD 5.06 billion or USD 7.25 per share from USD 3.98 billion or USD 5.73 per share a year earlier.
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