je.st

Home › net profit

Tag: net profit

Telecom Italia net profit down sharply, sales fall 8% in Q1

2013-05-09 09:34:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported first-quarter revenues down 8.1 percent year-on-year to EUR 6.796 billion. Domestic revenues fell 10.1 percent to EUR 4.024 billion, and revenues from Brazil and Argentina were dampened by negative currency effects. EBITDA declined 10.1 percent to EUR 2.672 billion, and the margin dropped to 39.3 percent from 40.2 a year ago, hurt by a larger share of business from South America, where margins are lower, and higher smartphone sales. Net profit dropped to EUR 364 million from EUR 605 million in the year-earlier period. Capex fell slightly to EUR 878 million, and operating cash flow plunged to EUR 137 million from EUR 626 million a year ago, hurt by accumulated payments for the previous quarter. This led to an increase in adjusted net debt to EUR 28.77 billion from EUR 28.27 billion at the end of December. The operator still targets debt of less than EUR 27 billion by year-end, as well as flat revenues and a low-single digit percentage drop in EBITDA this year. In addition, the company approved the partial spin-off of its carrier services division Telecom Italia Sparkle, expected to be completed by the third quarter.

Tags: in net sales fall

Sony posts first annual net profit in five years

2013-05-09 02:00:00| Total Telecom industry news

Japanese vendor boosted by gains from sale of U.S. headquarters, M3 shares and Tokyo office buildings.

Tags: net years posts sony

George Weston net profit rises to $162M in Q1; sales up 3.7 per cent at $7.49B

2013-05-07 16:05:42| Grocery - Topix.net

George Weston Limited has reported an almost 34 per cent increase in is first-quarter net earnings, attributing the improvement to a number of factors including foreign currency translation and amendments to its defined benefit pension plan.

Tags: up net sales george