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Indosat 2012 preliminary net profit more than halves

2013-03-04 01:00:00| Total Telecom industry news

Indonesia's second-largest mobile operator saw financial charges soar to 2.69 trillion rupiah.

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George Weston Ltd. net profit falls 40% to $65M in Q4; revenue up slightly

2013-02-28 19:52:28| Grocery - Topix.net

Bakery and grocery company George Weston says net earnings fell 40 per cent in the fourth quarter, helping to pull full-year profits down more than 23 per cent amid restructuring and other charges aimed at shoring up its competitive position.

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Telefonica net profit falls 82% in Q4 on impairment charges

2013-02-28 08:25:00| Telecompaper Headlines

(Telecompaper) Telefonica reported net profit of EUR 473 million for the fourth quarter of 2012, down 82.3 percent from the year-earlier period. The result included an impairment charge of EUR 949 million on its stake in the Telco shareholding in Telecom Italia, a Telefonica Ireland impairment of EUR 513 million and the effect of the Venezuelan Bolivar devaluation, at EUR 417 million. OIBDA fell 8.6 percent to EUR 5.45 billion, and the margin was down 2.5 percent points to 34.4 percent. Revenues were down 2.0 percent to EUR 15.84 billion. Debt reduction accelerated in the last quarter, with net down by EUR 4.75 billion over the three months to EUR 51.26 billion. Telefonica met its target for net debt of less than 2.46 times EBITDA, with a ratio of 2.36 at year-end. With annual revenues down 0.8 percent, the operator did not quite meet its target for flat sales in 2012, but Telefonica said it expects a return to revenue growth in 2013. The decline in EBITDA margin should also be smaller this year than last year's 1.9 percent point drop. Capex is forecast similar to last year's 14.2 percent of revenues, and net debt is expected to drop below EUR 47 billion by the end of 2013. Telefonica reiterated it will restore its cash dividend in 2013, at EUR 0.75 per share.

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Telefonica posts Q4 net profit drop on Venezuela devaluation

2013-02-28 01:00:00| Total Telecom industry news

Spanish telco reduces debt to 51.3 billion; aims for further reduction to 47 billion this year.

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UPDATE 2-MetroPCS net profit falls 65 pct, revenue growth slows

2013-02-26 19:19:28| Wireless - Topix.net

MetroPCS Communications Inc reported a 65 percent fall in quarterly net profit and revenue growth slowed for an eighth straight quarter as the U.S. wireless service provider prepared for its planned merger with Deutsche Telekom AG unit T-Mobile USA.

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