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Tag: net profit
Gap backs annual profit forecast after retailer confirms net income, sales fell in 2Q
2015-08-20 22:49:51| Apparel - Topix.net
Gap is keeping its fiscal-year profit forecast unchanged after further struggles in the second quarter marked by weakness at its namesake and Banana Republic stores that offset rising sales at Old Navy. The San Francisco company also said Thursday its plan to close 175 Gap stores in North America, as well as some locations in Europe, will cost a bit less than it expected.
Singtel's Q1 net profit jumps 13% to SGD 942 million
2015-08-13 11:07:00| Telecompaper Headlines
(Telecompaper) Singapore Telecommunications Limited (Singtel) saw its first-quarter net profit grow 13 percent year-on-year to SGD 942 million. In constant currency terms, net profit would have increased 16 percent. The Group recorded a net exceptional gain of SGD 47 million from divestment gains on venture investments and Airtel Africa's tower assets. Excluding exceptional items, underlying net profit for the three months to June grew 2 percent. This would have grown 5 percent on a constant currency basis. The Group's operating revenue rose 2 percent year-on-year to SGD 4.21 billion, while EBITDA slightly decreased by 1 percent. In constant currency terms, operating revenue would have grown by 8 percent and EBITDA by 5 percent.
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.
Masco Reports Strong Net Sales and Operating Profit Growth in Second Quarter 2015
2015-08-03 22:23:16| Furniture - Topix.net
Masco Corporation reported net sales and operating profit growth in the second quarter of 2015. All segments contributed to a 14.5 percent adjusted operating profit margin, representing a 22 percent increase over prior year.
Tags: net
sales
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strong
HCL net profit up by 14 percent in fiscal 2015-16
2015-08-03 10:52:57| IT Services - Topix.net
Software major HCL Technologies on Monday reported Rs.7,254 crore net profit for fiscal 2015-16, registering a 14 percent growth year-on-year , as per the Indian accounting standard. In a regulatory filing to the Bombay Stock Exchange , the outsourcing firm said the revenue for fiscal under review increased 12.6 percent YoY to Rs.37,061 crore.
Tags: net
percent
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fiscal
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