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Gildan Activewear reports solid 13% jump in Q1 profit

2016-05-05 13:43:00| Daily apparel & textile news and comment - from just-style.com

Canadian apparel maker Gildan Activewear has posted a 12.9% jump in first-quarter net profit after manufacturing cost savings helped offset lower sales.  

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BT reports 9% rise in annual profit, plans to invest 6bn in fibre, 4G

2016-05-05 02:00:00| Total Telecom industry news

BT CEO hailed 2015/16 as a 'landmark' year and said integration of EE was going well.

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TDC Q1 net profit rises 22% but revenue drops 6%

2016-05-04 13:32:00| Telecompaper Headlines

(Telecompaper) Danish operator TDC said that revenue in the first quarter of 2016 fell by 5.9 percent to DKK 5.827 billion, with EBITDA down 10 percent at DKK 2.227 billion but net profit rising 22.1 percent to DKK 624 million. It said it maintains its 2016 guidance, and that the launch of the new YouSee box in its home market of Denmark is off to a good start.

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Next cuts sales and profit forecast

2016-05-04 09:05:35| BBC News | Business | UK Edition

Retailer Next warns that its sales and profits could be lower than previously forecast as it remains worried about a slowdown in consumer spending.

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Deutsche Telekom Q1 net profit quadruples, sales up 4.7%

2016-05-04 08:10:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom reported a four-fold increase in net profit for the quarter, to EUR 3.125 billion from EUR 787 million a year ago, thanks to a profit of EUR 2.5 billion on the sale of its stake in EE to BT. Adjusted EBITDA at the German operator rose by 12.9 percent to EUR 5.2 billion, and revenue was up 4.7 percent to EUR 17.6 billion, led by the strong performance of T-Mobile US. DT increased capital expenditure (excluding spectrum) 11.9 percent year-on-year to EUR 2.831 billion. The resulting higher depreciation and amortisation meant adjusted net profit, excluding the EE gain, was up just 1.1 percent. The increase in cash capex resulted in a moderate decline in free cash flow of 5 percent to 822 million euros. Deutsche Telekom confirmed its outlook for full-year results.  

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