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Telekom Austria Q2 sales fall 1.9%, net profit improves
2013-08-12 08:52:00| Telecompaper Headlines
(Telecompaper) Telekom Austria reported second-quarter revenues down 1.9 percent from a year earlier to EUR 1.043 billion, led by weaker sales in its home market and Bulgaria on termination rate cuts and difficult market conditions. EBITDA fell 9.2 percent to EUR 330.3 million, as cost reduction efforts were unable to offset higher costs for customer acquisition and marketing. Net profit improved 54 percent to EUR 52.2 million, thanks to lower costs for restructuring, depreciation and financing. Capex fell slightly to EUR 176 million, and operating cash flow improved 6.9 percent to EUR 302 million. Telekom Austria maintained its full-year outlook for revenues of around EUR 4.1 billion, with competition, regulation and a difficult economy in eastern Europe expected to continue to weigh on results. The group will continue to focus on cost reductions, targeting savings of EUR 100 million in 2013. It slightly lowered its annual capex budget to EUR 650-700 million, from approximately EUR 700 million previously, and maintained its outlook for an annual dividend of at least EUR 0.05 per share.
Seaboard Reports Rise in Sales; Net Earnings Slide
2013-08-08 02:00:00| ThePigSite - Industry News
US – US-based Pig, poultry and agrifood business Seaboard Corp has reported that net earnings fell during the first half of 2013 despite a rise in sales.
Dutch chip maker ASML's 3rd-quarter net profit edges lower, full-year sales outlook rises
2013-07-17 11:52:14| Electronics - Topix.net
ASML Holding NV, the largest equipment supplier to semiconductor makers such as Intel Corp. and Samsung Inc., says its net profit fell to 221 million in the second quarter, from 292 in the same period last year.
News Summary: J&J 2Q net, sales up but issues loom
2013-07-16 23:20:03| Food - Topix.net
STRONG RESULTS: Johnson & Johnson's second-quarter net income more than doubled.
Full Year: Kubota Corp Sales Up 15%, Net Income Rises 19%
2013-05-15 20:05:42| Steel - Topix.net
FULL YEAR: KUBOTA CORP SALES UP 15%, NET INCOME RISES 19% May 15, 2013 Source: Kubota Corp news release To view complete report, click here.
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