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Tag: profit
Talon moves to Q1 profit on strength of trim
2016-05-13 12:25:00| Daily apparel & textile news and comment - from just-style.com
Apparel fastener, zipper and trim supplier Talon International has moved to a profit in its first-quarter thanks to the strong growth of its trim product line and lower costs.
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TIM Brasil Q1 profit plummets 60%, replaces CEO
2016-05-12 08:45:00| Telecompaper Headlines
(Telecompaper) TIM Brasil has replaced its CEO Rodrigo Abreu with Stefano De Angelis after reporting first quarter net income down 59.7 percent to BRL 127.9 million compared to BRL 317.4 million a year earlier. Describing the first three months of the year as a "tough" quarter, the Brazilian operator also reported net revenues down 15.3 percent to BRL 3.85 billion compared to BRL 4.55 billion a year earlier, with a 14.3 percent rise in fixed failing to offset a 9.2 percent decline in mobile. EBITDA fell 16.6 percent to BRL 1.121 billion, affected by a number of factors, including Brazil's worst recession in decades, costs to reduce personnel and provisions for customers' unpaid accounts, which rose 26 percent year on year. However, ARPU was up 3 percent year on year, confirming the positive trend started in the previous quarter.
Macy's in profit warning as sales slump
2016-05-11 17:19:52| BBC News | Business | UK Edition
US department store Macy's sees income fall 40% and it slashes forecasts for the year amidst a shopping slump
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slump
Toyota warns of 35% profit fall
2016-05-11 09:14:14| BBC News | Business | UK Edition
Japan's Toyota Motor made a record profit of 2.31bn yen ($21bn, 14.6bn) but warns profits will fall sharply next time thanks to a stronger yen and weaker markets.
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warns
Softbank FY profit drops 27% on Brightstar writedown
2016-05-10 09:55:00| Telecompaper Headlines
(Telecompaper) Japanese operator Softbank reported net profit for the fiscal year to March 2016 down 26.9 percent to JPY 558.2 billion, hurt by writedowns of JPY 153.2 billion on its foreign investments, mainly mobile phone distributor Brightstar.. Revenues rose 7.6 percent to JPY 9.153 trillion, while operating income climbed 8.8 percent to JPY 999.4 billion.
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