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Nippon Steel & Sumitomo Metal cuts profit outlook
2015-01-29 08:28:31| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp. said Thursday that it cut its net profit forecast for this fiscal year, citing a Y68.6 billion extraordinary loss at an affiliate in Brazil. The Japanese steelmaker lowered its net profit view for the year ending March 31 by Y70 billion to Y180 billion.
Tags: metal
profit
steel
outlook
Samsung net profit falls 26.7% in Q4
2015-01-29 08:15:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a fall in fourth-quarter net profit to KRW 5.35 trillion from KRW 7.30 trillion a year earlier. Operating profit dropped to KRW 5.29 trillion from KRW 8.31 trillion, and revenues declined to KRW 52.73 trillion from KRW 59.28 trillion a year ago. Despite the weaker results, Samsung raised its final dividend to KRW 19,500 per share from KRW 13,800 a year earlier. The lower results were due to a sharp fall in sales at its mobile phone business, where quarterly revenues were down 23 percent year-on-year to KRW 25.02 trillion. Operating profit at the communications division fell to KRW 1.96 trillion from KRW 5.47 trillion a year ago. Samsung reported a small decline in its smartphone shipments compared to the third quarter, while its average selling price and profitability improved over the same period thanks to a higher share of high-end phones like the Note 4. Tablet shipments were up compared to Q3, and Samsung also increased revenues from network equipment. The company expects a weaker phone and tablet market in Q1 due to lower seasonal demand. Samsung itself will try to improve earnings and grow smartphone shipments, helped by new models in the A series.
Tags: net
samsung
falls
profit
Nokia Q4 revenues up 9%, underlying profit grows 28%
2015-01-29 08:01:00| Telecompaper Headlines
(Telecompaper) Nokia reported fourth-quarter revenues up 9 percent year-on-year to EUR 3.80 billion. Adjusted operating profit rose 28 percent to EUR 524 million, while EPS was still down 58 percent to EUR 0.08. Nokia reported revenue growth across all three divisions. Nokia Networks sales increased 8 percent to EUR 3.4 billion, led by a strong performance in North America, and licensing revenues were up 23 percent to EUR 149 million, thanks to more income from Microsoft for making Nokia phones. HERE achieved 15 percent annual growth in revenues to EUR 292 million, helped by positive trends in the automotive market. Nokia expects the sales growth to continue in 2015 and also raised its outlook for profitability at HERE. The company increased its annual dividend to EUR 0.14 per share from EUR 0.11 in 2013.
Tags: profit
nokia
underlying
revenues
Asian Paints Consolidated Net Profit for the Quarter Increases Nearly 12%
2015-01-29 06:00:00| Coatings World Breaking News
Tags: net
nearly
profit
increases
Nintendo halves annual profit target
2015-01-29 04:53:40| BBC News | Business | UK Edition
Nintendo's operating profit grew nearly 50% in the last quarter but it was not enough to keep the game-maker from slashing its full year target.
Tags: target
annual
profit
nintendo
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