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Tag: profit
Energy giant SSE posts profit rise
2014-11-12 12:09:14| Energy - Topix.net
Energy giant SSE increased profits to more than A 370 million in the first half of this year, despite an operating loss from the part of the business which sells power to consumers. SSE's energy supply business reported an operating loss of A 16.9 million, with company bosses saying this was a result of the competitive energy market and a sustained period of warm weather.
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energy
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Vimpelcom sales down 9% in Q3, net profit halves
2014-11-12 09:09:00| Telecompaper Headlines
(Telecompaper) Vimpelcom's net profit more than halved in the third quarter, to USD 104 million from USD 255 million a year ago, due to costs for refinancing its Italian subsidiary Wind and negative currency effects. EBITDA declined 11 percent to USD 2.21 billion, and revenues fell 9 percent to USD 5.15 billion. On an organic basis, revenues fell 3 percent in Russia, 6 percent in Ukraine, 2 percent in Italy and 4 percent in its Asia and Africa division. Only the CIS division showed growth of 5 percent. Vimpelcom said the operating results were affected by macroeconomic weakness, currency fluctuations and operational problems in some markets. Its transformation programs in Russia, Ukraine and Pakistan are on track and those in Bangladesh and Kazakhstan are already delivering results. While Italy remains a weak market, the company said it sees an improving trend at Wind. Following the Wind refinancing and the expected closing of the sale of the Algerian operations by year-end, the group expects to reduce annual interest charges by USD 0.7 billion. The operator's capex was up 4 percent year-on-year to USD 964 million in Q3 excluding licence payments, while operating cash flow fell 4 percent to USD 1.61 billion. Net debt fell 6 percent compared to Q2 to USD 21.74 billion, or 2.5 times annual EBITDA.
Fossil beats street estimates on both profit and sales
2014-11-11 23:47:40| Jewelry - Topix.net
Fossil opened a new store in the Mall of America in Bloomington, MN earlier this year. Photo courtesy of Fossil.
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street
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estimates
Sappi: Profit increase cheers share price
2014-11-11 08:37:39| Paper - Topix.net
SAPPI, the world's biggest producer of dissolving wood pulp, climbed the most in more than four months after returning to profit amid an increase in sales and reduction of debt. The stock advanced as much as 5.9 percent, the most on an intraday basis since July 8, in Johannesburg yesterday.
Tags: price
share
increase
profit
San Miguel Profit Surges
2014-11-11 04:27:44| Beverages - Topix.net
San Miguel Corp. said Monday that its net profit between January and September surged from the same period a year ago, as the Philippine conglomerate's diversification enabled it to withstand a margin squeeze suffered by its main revenue generator, oil refiner Petron Corp. The company posted a nine-month net profit of 13.2 billion pesos , up 75% from a year earlier.
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