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Sprint swings to full-year operating profit
2016-05-04 02:00:00| Total Telecom industry news
But U.S. telco widens fiscal fourth-quarter loss as revenue declines, costs edge up.
Tags: operating
profit
sprint
swings
Sprint returns to FY operating profit
2016-05-03 14:58:00| Telecompaper Headlines
(Telecompaper) US mobile operator Sprint reported a strong finish to its fiscal year to March, exceeding its annual guidance and reporting its first operating profit in nine years. The company reported an operating profit for the year of USD 310 million, better than its forecast of USD 100-300 million and reversing a loss of USD 1.9 billion in the previous tear. Adjusted EBITDA rose 36 percent to USD 8.1 billion, also beating its outlook, and the net loss narrowed to USD 2 billion from USD 3.3 billion a year ago. Adjusted free cash flow was a negative USD 1.4 billion compared to negative USD 3.3 billion in the prior year, and moved to a positive USD 603 million in the final quarter. Net operating revenues were still down 7 percent to USD 32.2 billion, which the company blamed on lower equipment revenues after shift in sourcing at the distribution subsidiary Brightstar to indirect channels.
Tags: returns
operating
profit
sprint
Just Eat shares jump on profit outlook
2016-05-03 10:13:42| BBC News | Business | UK Edition
Shares in FTSE 250 firm Just Eat jump 7% after it increases its profit forecast, but the FTSE 100 falls.
SK Telecom Q1 profit jumps 29.3% boosted by Loen stake sale
2016-05-02 09:31:00| Telecompaper Headlines
(Telecompaper) SK Telecom saw its first-quarter revenue reach KRW 4.229 trillion, which represents a decline of 0.3 percent year-on-year. The drop was mainly due to the elimination of sign-up fees and increased number of subscribers who choose contract-based mobile fee discounts, the company said. Despite reduced equity method gain from SK Hynix, the net income increased by 29.3 percent year-on-year, reaching KRW 572.3 billion at 31 March 2015, as SK Planet sold its controlling stake in Loen Entertainment in the first quarter of 2016.
Tags: sale
profit
telecom
stake
ZTE posts strong Q1 profit growth
2016-04-29 02:00:00| Total Telecom industry news
Chinese vendor says bottom line grew by almost 16% in first three months of 2016.
Tags: posts
strong
growth
profit
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