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Maroc Telecom FY net profit up 5.6% to MAD 5.85 bln
2015-02-23 09:33:00| Telecompaper Headlines
(Telecompaper) Maroc Telecom said its net profit for 2014 increased by 5.6 percent to MAD 5.85 billion from 2013 following an exceptional expense related to the settlement of a tax dispute in 2013. The group's customer base reached over 40 million customers by 31 December 2014, an increase of 8.2 percent compared with 2013, primarily due to the international operations, where the customer base is around 20 million customers, up 17 percent in one year. Revenues rose by 2.1 percent to MAD 29.14 billion, up 2.1 percent from 2013 at a constant exchange rates. This performance is primarily explained by an 11.3 percent increase in international operations, and a 0.8 percent decrease in revenues in Morocco.
Kuwait Styrene realizes USD 126 Million net profit in 2014 Sales value exceeds USD 807 million
2015-02-15 12:01:08| Chemicals - Topix.net
The Kuwait Styrene Company announced realizing a net profit of USD 126 million for the fiscal year ending 31 December 2014, in comparison to net profits of USD 180 million during 2013. On this occasion, TKSC Board Chairman Hadi Abul said, "As the only Kuwaiti producer and exporter of Styrene Monomer , the company has continued realizing notable net profits despite a number of challenges, mainly decreasing oil prices and the hike in feedstock costs.
Telstra net profit jumps 21.7% to AUD 2.1 bln in H1
2015-02-12 12:31:00| Telecompaper Headlines
(Telecompaper) Revenue from Australian operator Telstra's mobile business grew by 9.6 percent to AUD 5.3 billion for the six months ended 31 December 2014. Fixed data revenue increased by 7.8 percent, while fixed voice revenue fell 6.9 percent. Overall, revenue from Telstra's fixed business declined 1.7 percent, to AUD 3.5 billion in the 6-month period. Revenue from Telstra's Network Applications and Services (NAS) product line rose 18.1 percent to AUD 1 billion. International NAS revenues increased by 28.1 percent to AUD 41 million.
America Movil net profit down 78% in Q4 on forex effects
2015-02-11 08:02:00| Telecompaper Headlines
(Telecompaper) America Movil reported fourth-quarter net profit down 77.8 percent from a year earlier to MXN 3.612 bilion, hurt by fluctuations in exchange rates. EBITDA was also down 0.7 percent to MXN 67.67 billion, and EBIT dropped 5.2 percent to MXN 33.63 billion due to higher deprciation and amortisation charges. Pro forma for the acquisition of Telekom Austria, revenues rose 2.7 percent year-on-year to MXN 229.3 billion. At constant exchange rates, service revenue growth slowed to 3.2 percent, as regulatory cuts in interconnection rates in markets such as Mexico and Brazil impacted voice revenues. Mobile data continued to be the strongest growth driver, with revenues up 14.6 percent, followed by pay TV revenues up 12.7 percent. Fixed broadband revenues increased by 12.0 percent. Overall, service revenues rose 0.7 percent to MXN 197.44 billion, and equipment revenues increased 14.7 percent to 31.86 billion. Net debt increased slightly over the year on a pro forma basis, to MXN 533.4 billion from MXN 518.6 billion, and was equal to 1.7 times EBITDA after adjusting for currency exposure. America movil spent MXN 149.7 billion on capex last year, equal to 16.9 percent of revenues, while also returning MXN 52.1 billion to shareholders in dividends and share buybacks.
Alcatel-Lucent net profit improves, sales down 6% in Q4
2015-02-06 08:46:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent reported fourth-quarter revenues down 6 percent year-on-year to EUR 3.682 billion. Excluding currency effects and managed services, where the company has been exiting unprofitable contracts, revenues were up 2 percent. The company's gross margin expanded by 130 basis points to 34.7 percent in Q4, while the adjusted operating margin dipped to 7.7 percent from 7.8 a year ago. Net profit showed a strong improvement to EUR 271 million from EUR 134 million, helped by lower financing costs and higher tax benefits. Free cash flow, excluding restructuring costs, totaled EUR 420 million, down from EUR 550 million a year earlier. Alcatel-Lucent said it was making good progress on its Shift Plan with over 70 percent or EUR 675 million in cost reductions realised. The company reiterated its target to return to positive free cash flow in 2015, after a negative result of EUR 420 million last year. At year-end, it had a net cash position of EUR 326 million, versus a net debt position of EUR 132 million at 30 September.
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