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Readers Choose Top 10 Posts during October 2015

2015-11-17 12:17:20| Food - Topix.net

Readers Choose Top 10 Posts during October 2015 This month, I've initiated a single graphic, featuring illustrations from all top 10 posts; however giving greater... Check out this story on ydr: http://on-ydr.co/1j4CTl3 Near the beginning of every month, I'm sharing with my readers the top 10 posts from the previous month. This month, I've initiated a single graphic, featuring illustrations from all top 10 posts; however giving greater space to the higher ranked posts.

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Olam posts 30% fall in Q3 net profit, to achieve free cash flow generation by 2016

2015-11-13 04:54:40| Grocery - Topix.net

Olam International reported on Friday that its net profit for the fiscal third quarter ended Sept 30, 2015, fell 30 per cent to S$31.0 million, from S$44.3 million a year ago. OLAM International reported on Friday that its net profit for the fiscal third quarter ended Sept 30, 2015, fell 30 per cent to S$31.0 million, from S$44.3 million a year ago.

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Encana writes down more assets, posts US$1.2-billion loss in third quarter

2015-11-12 18:15:40| Oil & Gas - Topix.net

Encana Corp. says it had a US$1.2-billion net loss in the third quarter, mainly as recognition of the impaired value of some of its assets given the current low-price environment. The loss amounted to US$1.47 per share and contrasted with a US$2.8 billion net profit in last year's third quarter, when oil and gas prices were more than double the current levels.

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Man Utd posts 39% increase in revenues

2015-11-12 14:01:17| BBC News | Business | UK Edition

Manchester United has reported a 39.3% increase in overall July-to-September revenue to 123.6m.

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Lenovo posts quarterly loss on restructuring costs

2015-11-12 09:12:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a net loss of USD 714 million for its fiscal second quarter to September, compared to a profit of USD 262 million a year earlier. The result included USD 599 million in restructuring costs and a USD 324 million one-time charge to clear smartphone inventory. Lenovo said it was on track to realise around USD 650 million in cost savings in the second half of the fiscal year and USD 1.35 billion on an annual basis. Quarterly revenues were still up 16 percent year-on-year to USD 12.2 billion and rose 23 percent excluding currency effects, while the gross margin fell to 13.0 percent from 13.9 a year ago. The sales growth was largely due to the acquisition of Motorola, which helped the Mobile Business Group double revenues year-on-year to USD 2.7 billion. Motorola contributed USD 1.4 billion in revenue. However, the MBG's posted a pre-tax loss of USD 217 million for the quarter. The PC Group saw revenues fall to USD 8.1 billion, and pretax profit was down 17 percent to USD 406 million. Lenovo said it suffered from currency fluctuations, hurting demand in the EMEA region and Brazil. The Enterprise Business Group, which includes servers, storage and software, recorded sales of USD 1.2 billion, up 5.5 times from a year ago thanks to the acquisition of IBM's System x business, which contributed USD 900 million in sales. The enterprise division still had a pretax loss of USD 33 million.

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