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China Telecom net profit down 9.2% in Q1
2015-04-28 10:40:00| Telecompaper Headlines
(Telecompaper) China Telecom reported first-quarter revenues down 2.1 percent year-on-year to CNY 81.45 billion. Service revenues slightly decreased by 0.2 percent to CNY 72.7 billion. EBITDA also decreased by 2.2 percent to CNY 24.5 billion, while net profit went down 9.2 percent to CNY 5 billion. For the first quarter of 2015, the number of mobile subscribers of the group reached 189 million, following a cumulative net addition of 3.20 million users in the period.
Daimler profit lifted by Mercedes-Benz sales
2015-04-28 10:34:30| Auto Dealers - Topix.net
German car maker Daimler AG said Tuesday that profit almost doubled in the first quarter, lifted by sales of Mercedes-Benz cars, trucks and vans. Net profit rose to 1.96 billion euros from EUR1.09 billion a year earlier, beating analysts' consensus forecasts of EUR1.61 billion.
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Honda sees flat profit ahead after tough year
2015-04-28 10:34:29| Auto Dealers - Topix.net
Honda Motor Co. said it is aiming for growth in the current fiscal year as it contends with unfavorable currency moves in emerging markets and tough competition from its rivals in Japan and the U.S. The Japanese auto maker said it is likely to post Yen525 billion in net profit, up 0.4% from a year earlier.
Honda's profit drops on air bag recall woes despite weak yen
2015-04-28 10:17:06| Automakers - Topix.net
Honda's profit for the fiscal fourth quarter dropped 43 percent as the costs of air bag recalls offset the positives of a weak yen and strong vehicle sales in Asia. Honda Motor Co.
UPM's profit beats view on cost cuts, FX gains
2015-04-28 10:11:03| Paper - Topix.net
Finnish paper maker UPM-Kymmene Oyj Tuesday posted better-than-expected net profit for the first quarter as cost-cutting measures and currency tailwinds helped it offset the negative impact of lower paper prices and delivery volumes. UPM's net profit for the three months ended March.
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