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Nokia grows quarterly profit 50%
2015-07-30 09:07:00| Telecompaper Headlines
(Telecompaper) Nokia reported second-quarter sales up 9 percent year-on-year to EUR 3.2 billion. Revenue growth came across its activities, with the Networks business up 6 percent, Here growing 25 percent and the Technologies division up 31 percent. On a constant currency basis however, group revenues fell 1 percent. Adjusted operating profit showed a strong improvement of 51 percent to EUR 521 million, including growth of 11 percent at Nokia Networks to EUR 313 million. Adjusted EPS rose to EUR 0.09 from EUR 0.06 a year ago, and reported earnings moved to a profit of EUR 0.09 per share from a loss of EUR 0.01 a year ago. Profits benefited also from a one-time gain of EUR 110 million on the sale by Nokia's venture fund of a stake in Chinese company Ganji.com. Nokia said the telecom infrastructure market remained challenging and it was highly focused on reducing costs. The company maintained its outlook for the full year, for an increase in revenues at Nokia Networks and an adjusted operating margin around the midpoint of its long-term target range of 8-11 percent. Here is also expected to grow annual sales and reach a margin of 9-12 percent, and Nokia Technologies should post a full-year margin in line with the 58 percent achieved in Q2.
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RBS reports 27% quarterly profit rise
2015-07-30 08:29:05| BBC News | Business | UK Edition
Royal Bank of Scotland reports a 27% increase in second-quarter profit after booking more mortgage business.
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quarterly
Samsung Profit Falls, as Smartphone Sales Disappoint
2015-07-30 07:12:48| Semiconductors - Topix.net
Samsung Electronics Co. said net profit for the second quarter fell 8% from a year earlier as sales of the company's flagship Galaxy S6 smartphone fell short of expectations.
Tags: sales
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falls
profit
Samsung Profit Falls, as Smartphone Sales Disappoint
2015-07-30 06:45:27| Electronics - Topix.net
Samsung Electronics Co. said net profit for the second quarter fell 8% from a year earlier as sales of the company's flagship Galaxy S6 smartphone fell short of expectations.
Tags: sales
samsung
falls
profit
Patriot Bank Q2 profit jumps
2015-07-30 05:32:23| Apparel - Topix.net
Patriot National Bancorp , parent company of Patriot National Bank said its second-quarter profit rose more than 30 percent and the company is looking at "strategic activities," which could be a hint about a possible acquisition on the horizon. The Stamford-based bank on Tuesday reported net income of $689,000, or 17 cents per diluted share, compared with $525,000, or 13 cents a share, a year ago.
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