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China Telecom posts profit growth on 4G adds

2017-08-23 02:00:00| Total Telecom industry news

China Telecom reported strong growth in net profit in the first half of 2017, aided by the addition of more than 30 million 4G customers. The Chinese operator's bottom line came in at 12.54 billion yuan (€1.6 billion) for the six months to the end of June, up by 7.4% on the same period a year earlier, while EBITDA grew by 3.7% to CNY52…read more on TotalTele.com »

Tags: posts china growth profit

Lenovo posts quarterly loss on higher costs, flat sales

2017-08-18 08:31:00| Telecompaper Headlines

(Telecompaper) Lenovo moved to a net loss of USD 72 million in its fiscal first quarter to June, versus a profit of USD 173 million a year ago, after a rise in costs and flat sales in the period. Revenue of USD 10.012 billion was little changed compared to USD 10.056 billion a year earlier, and the operating result was a loss of USD 6 million versus a profit of USD 245 million a year ago.

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Magna posts all-time quarter record sales in Q2 2017

2017-08-16 16:14:07| Canadian Plastics Headlines

The year over year growth was achieved despite North American and European light vehicle production declining by 3% and 1%, respectively, both compared to the second quarter of 2016, Aurora, Ont.-based Magna said in an Aug. 11 statement. The post Magna posts all-time quarter record sales in Q2 2017 appeared first on Canadian Plastics.

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