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US: Monster Beverage FY profits, sales still healthy despite slower growth

2013-02-28 11:11:00| Daily beverage news and comment - from just-drinks.com

Monster Beverage's growth slowed last year but the energy drinks maker has still posted strong jumps in profits and sales.

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THAILAND: ThaiBev toasts lively 2012 as sales, profits rise

2013-02-27 14:50:00| Daily beverage news and comment - from just-drinks.com

ThaiBev has posted a strong set of numbers for 2012 as its purchases of Serm Suk and a major stake in Fraser & Neave came into play in the year.

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MEXICO: Arca Continental hails "outstanding" 2012 as sales, profits shine

2013-02-20 12:39:00| Daily beverage news and comment - from just-drinks.com

Arca Continental has reported a strong end to 2012, with full-year sales and profits both delivering impressive rises.

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Ferrari reveals record profits as luxury car sales defy slump

2013-02-19 15:30:55| Auto Dealers - Topix.net

The Italian luxury carmaker's revenues grew by 8 per cent to a 2.4bn in 2012 and the number of cars sold increased by 4.5 per cent to 7,318. Sales in Britain rose by 20 per cent to 673, despite the chief executive of Ferrari's parent company, Fiat, warning last month the European car industry could "unravel" if deals continued to decline.

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Cisco profits boosted by tax benefit, sales rise 5%

2013-02-14 08:54:00| Telecompaper Headlines

(Telecompaper) Cisco Systems reported net profit for its fiscal second quarter ended 26 Janaury up 44 percent from a year earlier to USD 3.1 billion. EPS rose 47.5 percent to USD 0.59. The result includes tax benefits of USD 926 million or 17 cents a share from a settlement with the IRS over R&D credits. Excluding this, net profit rose 6.2 percent, and EPS was up 8.5 percent. Cisco's revenues reached USD 12.1 billion in the quarter, up 5.0 percent year-on-year. Sales growth was strongest in the data centre segement, where revenues rose 65 percent to USD 548 million. Wireless sales were up 27 percent to USD 520 million after the takeover of Meraki, and the service provider video segment grew 20 percent to USD 1.22 billion. Sales of switches rose 3 percent to USD 3.72 billion, while IP routing was down 6 percent to USD 1.95 billion. The book-to-bill ratio for the quarter was slightly below 1, with product orders mainly weak in the EMEA region, down 6 percent. Across customer segments, orders were flat year-on-year, although Cisco said it saw some signs of pick-up in the commercial and enterprise sectors in the US. After operating cash flow of USD 3.3 billion, Cisco finished the quarter with total cash of USD 46.4 billion.

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