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Tag: profit
ZTE increases profit, revenues during H1 2016
2016-08-26 02:00:00| Total Telecom industry news
Chinese vendor claims leading position in 4G equipment sales; reports solid growth in its consumer device and smart cities businesses.
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increases
revenues
zte
Axiata Group revenue up nearly 13%, profit plunges 63%
2016-08-25 11:00:00| Telecompaper Headlines
(Telecompaper) Asian operator Axiata Group reported second-quarter revenue of MYR 5.3 billion, which represents an increase of 12.8 percent year-on-year. Revenue growth was mainly boosted by the consolidation of revenue from Nepal in the second quarter of 2016, and higher revenues in Sri Lanka, coupled with a positive translation impact. At constant currency, Group revenue registered an increase of 8.6 percent. EBITDA jumped 20.4 percent year-on-year to MYR 2.1 billion, and margin increased by 2.5 percentage points to 38.9 percent at 30 June 2016.
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profit
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plunges
Qantas airline soars to record profit after restructuring
2016-08-24 02:55:33| BBC News | Business | UK Edition
Australia's national carrier Qantas posts a record annual profit of A$1.42bn ($1.1bn, 820m), nearly doubling last year's result.
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profit
airline
restructuring
China Telecom profit up 6%, adds 9 mln mobile subs in H1
2016-08-23 09:40:00| Telecompaper Headlines
(Telecompaper) China Telecom reported operating revenues of CNY 176.8 billion for the six months ended 30 June 2016, which represents an increase of 7.2 percent year-on-year. Service revenues amounted to CNY 155.2 billion, up by 5.6 percent from the first half of 2015. First-half EBITDA reached CNY 50.5 billion, down 0.4 percent year-on-year, while EBITDA margin stood at 32.6 percent at 30 June 2016. Profit reached CNY 11.6 billion, up by 6.3 percent year-on-year. Basic earnings per share were CNY 0.14.
Lenovo quarterly sales fall 6%, net profit improves
2016-08-18 08:46:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenues down 6 percent year-on-year in its fiscal first quarter to June to USD 10.1 billion, hurt by the slowdown in the PC and smartphone markets. Gross profit fell 7 percent to USD 1.5 billion, giving a margin of 15.3 percent, while net profit increased 64 percent to USD 173 million, thanks to cuts to operating costs.
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