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Tele2 cuts FY capex guidance after network audit as Q3 profit improves on flat revenue

2019-10-17 10:10:00| Telecompaper Headlines

(Telecompaper) Tele2 Group said net profit from total operations almost doubled in the third quarter, driven by the Com Hem merger in Sweden, with underlying EBITDA up by 5 percent on an organic basis excluding IFRS 16. Revenue and end-user service revenue were flat year on year. It has lowered its capital expenditure guidance range for the year and is on track to fulfil its other FY guidance.

Tags: on network flat profit

 

America Movil revenues edge higher in Q3, net profit falls on forex charges

2019-10-16 09:51:00| Telecompaper Headlines

(Telecompaper) America Movil reported a return to revenue growth in the third quarter, of 0.2 percent to MXN 248 billion. Underlying service revenue growth, excluding forex effects, accelerated to 2.5 percent compared to 2.3 percent in the previous quarter. 

Tags: net america higher edge

 
 

Last week in media: corporate actions at AT&T, Mediaset and Lions Gate, profit warning from Publicis

2019-10-14 07:02:00| Telecompaper Headlines

(Telecompaper) AT&T enjoyed a solid opening weekend for its much anticpated Joker movie. Sony is prepping the launch of its PlayStation 5 console for 2020 and Deezer may be aiming for a stock market listing by 2020. The courts halted the planned merger of Mediaset and Mediaset Spain, while AT&T sold its Latin America unit and Lions Gate was looking to spin off its Starz business. A profit waring turned Publicis into last week's biggest loser, down 17 percent. The Telecompaper Global Media index ended week 41 up 0.9 percent, ahead of the S&P 500 (+0.6%).

Tags: from media week corporate

 

Levi Strauss FY on track despite Q3 profit drop

2019-10-09 11:57:00| Daily apparel & textile news and comment - from just-style.com

Shares in Levi Strauss & Co remained down by more than 4% this morning (9 October) after the US jeans giant said is confident its full-year performance remains on track, despite a 4% drop in third-quarter profit and challenges in its US wholesale business.

Tags: track drop profit levi

 

Samsung profit drops steeply in Q2 but results show sequential improvement

2019-10-08 08:59:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics has provided an earnings guidance for the third quarter, with revenues and profit seen lower year-on-year, but higher on a sequential basis. Samsung said it expects revenues at KRW 61-63 trillion, off from last year's 65.46 trillion but better than the 56.13 trillion reported in the second quarter. The consolidated profit meanwhile is expected at KRW 7.6-7.8 trillion, a steep drop from the record figure of 17.57 trillion achieved the year before. Compared to the previous quarter's KRW 5.18 trillion however, the number is an improvement. 

Tags: show results improvement samsung

 

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