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Telkom Group net profit falls 19.5% to ZAR 2.9 bln

2015-06-09 11:09:00| Telecompaper Headlines

(Telecompaper) Telkom Group reported a 19.5 percent decline in its net profit to ZAR 2.9 billion for the financial year ended 31 March from ZAR 3.6 billion a year earlier. Its number of ADSL internet lines surpassed 1 million but that its total number of fixed lines fell 4.9 percent during the period from 3.62 million to 3.439 million. Net revenue increased 3.1 percent to ZAR26 billion and EBITDA rose 15.1 percent to ZAR 9 billion.

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Airlines profit but Europe, Latin America lag behind

2015-06-09 11:03:57| Airlines - Topix.net

As fuel prices drop and more planes fly filled to capacity, North America is leading the airline industry in profits while much of the world still struggles, officials said Monday. Airlines are projected to make $29.3 billion in collective profit on revenues of $727 billion in 2015, said Tony Tyler, director general of the International Air Transport Association , at the group's annual meeting in Miami Beach, Florida.

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Asics Q1 profit slides on lower sales

2015-06-08 06:21:00| Daily apparel & textile news and comment - from just-style.com

Sporting apparel and footwear business Asics has said business was "steady" during the first three months of the year, despite posting a double-digit profit decline.

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Yue Yuen in Q1 profit hike

2015-06-08 06:02:00| Daily apparel & textile news and comment - from just-style.com

Yue Yuen Industrial Holdings, the world's largest sports shoe maker, has booked a double-digit increase in first-quarter net profit thanks to higher retail turnover.

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Mr Price to open in Australia as FY profit rises

2015-06-04 06:09:00| Daily apparel & textile news and comment - from just-style.com

South African discount fashion retailer Mr Price Group has revealed plans to open stores in Australia as early as this year as it booked a double-digit increase in full-year profit.

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