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China Mobile nine-month profit rises on 4G customer growth

2016-10-20 02:00:00| Total Telecom industry news

Company ends September with 481 million 4G customers; fixed broadband business sees strong growth.

Tags: customer china mobile growth

 

FTSE 100 lower as Travis Perkins hit by profit warning

2016-10-19 10:01:34| BBC News | Business | UK Edition

The FTSE 100 slips back in early trade, with shares in Travis Perkins down 5% after it warns on profits and says it will close 30 stores.

Tags: lower hit profit warning

 
 

Yahoo! more than doubles profit to USD 163 mln in Q3

2016-10-19 08:31:00| Telecompaper Headlines

(Telecompaper) Yahoo reported a net profit of USD 163 million in the third quarter, more than double the year-earlier total of EUR 76 million, on earnings of USD 1.305 billion, up from USD 1.226 billion in Q3 2015. Earnings per share came in at 20 cents compared to 15 cents a year earlier, while adjusted EBITDA dipped to USD 229 million from USD 244 million. Yahoo's display advertising revenue was down 7 percent year on year to USD 476 million due to a 5 percent fall in the number of ads sold, while mobile revenue increased to USD 396 million from USD 271 million and accounted for 32 percent of traffic-driven revenue. CEO Marissa Mayer announced that she was pleased with the results and said the company was still "busy preparing for integration with Verizon," after the telecommunications giant agreed to buy Yahoo for USD 4.8 billion in July.

Tags: yahoo usd profit doubles

 

Ryanair cuts profit forecast after fall in pound

2016-10-18 08:22:14| BBC News | Business | UK Edition

Ryanair reduces its forecast for full-year profits, blaming the drop in the pound following the Brexit vote.

Tags: fall profit cuts pound

 

Samsung expects further profit hit from Note 7 fallout

2016-10-14 03:26:48| BBC News | Business | UK Edition

Samsung expects further blows to its profits from the Note 7 fallout, saying it expects revenue to be affected into the first quarter of 2017.

Tags: note hit samsung profit

 

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