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ZTE confirms near doubling in FY net profit
2015-01-19 12:34:00| Telecompaper Headlines
(Telecompaper) ZTE reported preliminary results for 2014 showing its annual net profit nearly doubled, from CNY 1.36 billion in 2013 to CNY 2.64 billion in 2014. This is in line with the company's outlook of CNY 2.5-2.8 billion. Revenues were up 8 percent to CNY 81.24 billion, and the operating result turned to a profit of CNY 105 million from a loss of CNY 1.49 billion in 2013. ZTE said it benefited from sales of LTE network equipment in its home market China and its growing smartphone business abroad, as well as an increased focus on profitability. In addition to improved gross margins, the group benefited from lower interest and foreign exchange expenses. ZTE will release more detailed annual results on 25 March.
Tags: net
profit
confirms
doubling
Saudi giant SABIC Q4 profit down 29% on lower oil price
2015-01-18 12:36:28| Chemicals - Topix.net
Falling global oil prices dragged down the net income of Saudi petrochemical giant SABIC by 29 percent in the fourth quarter, the company said on Sunday. SABIC, the largest publicly traded firm in the Gulf, reported net profit of 4.36 billion riyals for the three months to December.
Packaging Corp. Faces Slowing Profit, Sales Growth
2015-01-17 13:40:14| Industrial Machines - Topix.net
The packaging products company is expected to report Jan. 27 that Q4 profit rose just 13% from the same period last year to $1.17 a share amid tough comparisons to the year-earlier period, when earnings jumped 70%. Revenue for Q4 likely rose 17% to $1.48 billion, a significant slowdown from the high double-digit pace of the prior four quarters.
Tags: sales
growth
profit
corp
Wipro reports almost nine percent profit in third quarter
2015-01-17 13:08:46| IT Services - Topix.net
Wipro, India's third-biggest software services company, on Friday declared a near-9 percent rise in profits in its third-quarter. The company also announced the appointment of Jatin Dalal as its new Chief Financial Officer.
Tags: reports
third
percent
profit
JD Sports to beat profit forecasts after strong Christmas
2015-01-16 13:03:00| Daily apparel & textile news and comment - from just-style.com
UK retailer JD Sports says it expects full-year profit to be at the top end of its guidance after booking a strong sales performance over the Christmas trading period.
Tags: sports
strong
christmas
profit
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