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Tag: telecom profit
Telecom Egypt Q2 net profit jumps on Vodafone dividend
2016-08-11 17:33:00| Telecompaper Headlines
(Telecompaper) Telecom Egypt (TE) reported a 175 percent increase in net profit to EGP 1.04 billion for the second quarter ended 30 June from EGP 378 million in the same period 2015. The operator attributed the growth to higher revenues, and an increase in income from investments, primarily attributable to Vodafone Egypt.
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SK Telecom Q1 profit jumps 29.3% boosted by Loen stake sale
2016-05-02 09:31:00| Telecompaper Headlines
(Telecompaper) SK Telecom saw its first-quarter revenue reach KRW 4.229 trillion, which represents a decline of 0.3 percent year-on-year. The drop was mainly due to the elimination of sign-up fees and increased number of subscribers who choose contract-based mobile fee discounts, the company said. Despite reduced equity method gain from SK Hynix, the net income increased by 29.3 percent year-on-year, reaching KRW 572.3 billion at 31 March 2015, as SK Planet sold its controlling stake in Loen Entertainment in the first quarter of 2016.
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Telecom Italia net profit down sharply in H1 to EUR 29 mln
2015-08-07 08:40:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a sharp fall in first-half net profit, to EUR 29 million from EUR 543 million a year earlier. The company was hurt by a range of one-time charges for restructuring, legal settlements and financial transactions. Telecom Italia said that without these one-times, profit would have reached EUR 650 million. The group's revenues were also down 4.3 percent from a year earlier to EUR 10.097 billion, with a 2.1 percent fall in Italy and 10.7 percent drop in Brazil. On an organic basis, excluding currency effects and changes in scope, revenues fell 3.3 percent. EBITDA dropped to EUR 3.633 billion from EUR 4.345 billion a year ago, and the margin fell to 36.0 percent from 41.2. Excluding the EUR 399 million in one-time charges, EBITDA was down just 5.0 percent, with a margin at 39.9 percent. Operating cash flow declined to EUR 701 million from EUR 1.044 billion, hurt by the cost of renewing the GSM licence in Italy and investments in new services. Adjusted net financial debt reached EUR 26.992 billion at the end of June, up by EUR 341 million from the end of 2014, as income from the Inwit IPO and towers sales was offset by higher costs for real estate and towers leases.
China Telecom says profit down 9 percent due to tax change
2015-04-28 13:51:25| Telecom - Topix.net
China Telecom Ltd., one of China's three main state-owned phone carriers, says its quarterly profit fell 9 percent from a year earlier due to tax changes and a rise in personnel costs. The Beijing-based company said Tuesday it earned 5 billion yuan in the three months ended March 31. Revenue declined 2.1 percent to 81.4 billion yuan .
China Telecom net profit down 9.2% in Q1
2015-04-28 10:40:00| Telecompaper Headlines
(Telecompaper) China Telecom reported first-quarter revenues down 2.1 percent year-on-year to CNY 81.45 billion. Service revenues slightly decreased by 0.2 percent to CNY 72.7 billion. EBITDA also decreased by 2.2 percent to CNY 24.5 billion, while net profit went down 9.2 percent to CNY 5 billion. For the first quarter of 2015, the number of mobile subscribers of the group reached 189 million, following a cumulative net addition of 3.20 million users in the period.