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Blue Label delays FY results, warns of 20% drop in headline earnings

2019-08-20 09:37:00| Telecompaper Headlines

(Telecompaper) South African company Blue Label Telecoms will delay publication of its full-year financial results until 26 September to deal with various issues related to the mobile operator's recapitalisation and restructuring. Blue Label had been expected to publish its results in late August. It has warned shareholders that it expects headline earnings for the year ended May to be down by at least 20 percent year on year, as it tries to quantify the impact of Cell C's financial woes on its balance sheet. 

Tags: results blue label drop

 

Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

2019-08-12 11:14:10| OGI

Saudi Aramco reported a 12% fall in half-year net profit on Aug. 12, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.

Tags: buy reports slide saudi

 
 

Casella Waste Systems Announces Q2 2019 Earnings Results

2019-08-02 17:03:00| Waste Age

The company reported revenues of $187.5 million for the quarter and continued to execute well against its key strategies.

Tags: results systems waste earnings

 

Facebook earnings fall on FTC, tax charges; revenues grow 28%

2019-07-25 07:54:00| Telecompaper Headlines

(Telecompaper) Facebook reported second-quarter net earnings down 49 percent to USD 2.616 billion or 91 cents a share. The results were hurt by another USD 2 billion in provisions for the company's settlement with the FTC and an extra USD 1.1 billion charge for tax. 

Tags: fall tax charges grow

 

AT&T raises cash flow target after drop in Q2 earnings

2019-07-24 12:57:00| Telecompaper Headlines

(Telecompaper) AT&T has raised its target for free cash flow this year, supported by better working capital management, after reporting a record amount of USD 8.8 billion in the second quarter. Net earnings fell to USD 0.51 per share in Q2 from USD 0.81 a year earlier and also declined on an adjusted basis, due to a number of one-time items. The US operator said it still expects a low single-digit rise in full-year adjusted earnings. 

Tags: cash target flow drop

 

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