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ZTE confirms FY loss of CNY 7 billion, sees return to profit in Q1
2019-03-27 14:41:00| Telecompaper Headlines
(Telecompaper) ZTE confirmed a net loss of CNY 6.98 billion for 2018, hurt by the USD 1 billion payment to settle its dispute with US authorities. The company said it returned to a profit in Q1, estimated at CNY 0.8-1.2 billion.
Samsung issues profit warning, as handset demand wanes
2019-03-26 01:00:00| Total Telecom industry news
Korean tech giant Samsung has issued a surprise profit warning, as declining handset sales hit the company's bottom line, according to reports in the UK press. The company also blamed a slump in the memory chip market for the drop in profits…read more on TotalTele.com »
Tags: issues
samsung
demand
profit
Tencent Q4 profit falls 35% on investment costs, revenues up 28%
2019-03-21 12:28:00| Telecompaper Headlines
(Telecompaper) Tencent reported revenues of CNY 84.9 billion for the fourth quarter, up 28 percent from a year earlier as growth in social networks, payments and online content helped offset flat revenues from gaming. The company's net profit fell 35 percent to CNY 14.0 billion, due to costs for the IPO of Tencent Music and several disposal gains in the year-earlier period. Adjusted EBITDA rose 18 percent to CNY 29.7 billion.
Tags: up
costs
investment
falls
Next posts FY profit fall "exactly" as expected
2019-03-21 11:44:00| Daily apparel & textile news and comment - from just-style.com
British fashion retailer Next Plc saw its shares slip by almost 2% this morning (21 March) despite delivering profits "exactly in line" with its guidance and maintaining its forecast for the year ahead.
Tags: posts
fall
expected
profit
Ted Baker in 26% FY profit tumble
2019-03-21 11:01:00| Daily apparel & textile news and comment - from just-style.com
UK lifestyle brand Ted Baker has sounded an optimistic note despite posting a 26.1% drop in pre-tax profit for the year.
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