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Ooredoo Group net profit rises by 10% in 2019 on stable revenue, customer base broadens by 2%
2020-02-14 09:20:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group has announced that its net profit for the year ended 31 December 2019 increased by 10 percent to QAR 1.73 billion from QAR 1.57 billion in 2018. There was an increase in EBITDA and a more favorable foreign exchange environment compared with 2018, but IFRS 16 had a negative effect on net profit. Revenue was stable at QAR 29.92 billion compared with QAR 29.93 billion, in spite of the industry-wide shift from voice to data consumption, lower handset sales and macroeconomic and currency weakness in some markets.
Lenovo quarterly revenue growth slows to 1%, net profit still up 20%
2019-11-07 09:19:00| Telecompaper Headlines
(Telecompaper) Lenovo saw its revenue growth slow to 1 percent in the fiscal second quarter to September, to USD 13.52 billion, as the uncertain economic climate started to weigh on sales. Profits continued to show double-digit growth, on improved margins in the mobile phone, PC and data centre businesses.
America Movil revenues edge higher in Q3, net profit falls on forex charges
2019-10-16 09:51:00| Telecompaper Headlines
(Telecompaper) America Movil reported a return to revenue growth in the third quarter, of 0.2 percent to MXN 248 billion. Underlying service revenue growth, excluding forex effects, accelerated to 2.5 percent compared to 2.3 percent in the previous quarter.
Ooredoo Group H1 net profit rises 22%, revenue down 4%, customer base shrinks 12%
2019-07-30 09:22:00| Telecompaper Headlines
(Telecompaper) Ooredoo group net profit increased by 22 percent to QAR 841 million in the first six months of 2019 from QAR 689 million in the same period of 2018, partially aided by a favourable forex environment and offset by a negative IFRS 16 impact. EBITDA increased by 2 percent year on year to QAR 6.3 billion, with a corresponding EBITDA margin of 44 percent supported by a positive effect from the new IFRS 16 accounting standards.
China Telecom grows FY net profit 14% after mobile expansion
2019-03-19 09:45:00| Telecompaper Headlines
(Telecompaper) China Telecom reported net profit for 2018 up 13.9 percent to CNY 21.2 billion, supported by its strong growth in the mobile market. Revenues rose 3.0 percent to CNY 377.1 billion, and EBITDA increased 2.0 percent to CNY 104.2 billion, for a slight fall in the margin to 29.7 percent.
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