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Swire Pacific Profit Falls on Weak Marine Operations
2014-08-14 17:24:00| Beverages - Topix.net
Real estate-to-aviation conglomerate Swire Pacific Ltd. said Thursday its first-half net profit fell 2%, dragged by the weak performance of its marine operations and lower revaluation gains form investment properties.
Tags: operations
falls
profit
pacific
RCom net profit up 21% on cost reductions
2014-08-14 16:03:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications reported net profit for its fiscal first quarter to June up 21.4 percent year-on-year to INR 1.32 billion. The result was driven by a reduction in costs at its international arm. RCom said additional debt reduction and refinancing efforts are expected to result in annual savings of INR 6 billion on interest from Q2. Net debt dropped to INR 355.0 billion at the end of June from 401.8 billion. The company's revenues in the first quarter were up 2.1 percent to INR 55.2 billion, as 1.3 percent growth at the mobile business in India offset a 5.1 percent decline at the international business. EBITDA rose 9.5 percent to INR 18.6 billion, giving a margin of 33.7 percent. RCom said its mobile ARPU in India was up 14.3 percent year-on-year to INR 136 in the quarter, thanks to price increases and higher revenue per minute. Data traffic also jumped 78 percent from a year earlier to 55.3 billion MB, driven by the roll-out of the 3G network. The operator had 28.6 million mobile internet customers at the end of June, of which 13 million used 3G. Thee was little change in 3G coverage during the quarter, with 334 towns covered and just under 11,700 sites active at the end of June.
Tags: net
cost
profit
reductions
CHINA: Ever-Glory Q2 profit doubles on sales boost
2014-08-14 15:17:00| Daily apparel & textile news and comment - from just-style.com
Apparel supply chain manager and retailer Ever-Glory International Group saw its second-quarter profits more than double on the back of a 45% revenue hike.
Tags: sales
china
profit
boost
CHINA: Yue Yuen H1 profit down on benefit payments
2014-08-14 11:40:42| Daily apparel & textile news and comment - from just-style.com
Chinese footwear manufacturer Yue Yuen, which was subject to a two-week long strike by its workers in April, has recorded a drop in first-half profits as it booked a provision for employee benefit contributions.
Tags: china
benefit
profit
payments
ThyssenKrupp Swings to Profit
2014-08-14 10:39:36| Steel - Topix.net
ThyssenKrupp AG on Thursday lifted its outlook after swinging to a small net profit in the third quarter, helped by continued cost cutting, solid demand for its capital goods products and a further reduction of losses at its Steel Americas unit.
Tags: profit
swings
thyssenkrupp
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