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Facebook nearly triples Q3 profit on ad revenue surge

2016-11-02 22:52:00| Telecompaper Headlines

(Telecompaper) Facebook reported a strong increase in revenues and profitability in the third quarter, driven by growth in its ad revenues as well as more users of the social network. Revenues were up 56 percent year-on-year to USD 7.011 billion, of which 84 percent was ad revenues, up from 78 percent a year ago. Operating profit more than doubled, to USD 3.122 billion from USD 1.459 billion, and the margin rose to 45 percent from 32 percent a year earlier. The company's net profit jumped to USD 2.379 billion or 82 cents a share from USD 896 million or 31 cents a share. Facebook reported 1.79 billion monthly active users for the period, up 16 percent year-on-year, and 1.66 billion were mobile users, a 20 percent annual increase.

Tags: profit revenue facebook surge

Climate change: Greenland loses a trillion tonnes of ice in four years as melting rate triples

2016-07-21 12:54:00| Climate Ark Climate Change & Global Warming Newsfeed

Independent: Its no news that Greenland is in serious trouble -- but now, new research has helped quantify just how bad its problems are. A satellite study, published last week in the journal Geophysical Research Letters, suggests that the Greenland ice sheet lost a whopping 1 trillion tonnes of ice between the years 2011 and 2014 alone. And a big portion of it came from just five glaciers, about which scientists now have more cause to worry than ever. Its the latest story in a long series of increasingly...

Tags: years change rate ice

CCM: China Li-ion industry booming; domestic outputs triples in 2015 to 15.7 GWh

2016-05-23 13:56:08| Green Car Congress

Tags: china industry domestic outputs

Telecom Italia sales down 12%, triples cost-cutting target

2016-05-16 08:19:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a 12.1 percent year-on-year fall in first-quarter revenues to EUR 5.05 billion in organic terms, hurt by the continuing effects of the macroeconomic situation in Brazil and one-off charges. Domestic revenues came in at EUR 3.54 billion on an organic basis, down 2.3 percent year-on-year but identical to the previous quarterly decline, while sales at its Brazil unit TIM Brasil plunged 15.3 percent on an organic basis to EUR 897 million, impacted by the ongoing recession and provisions for customers' unpaid accounts. Group EBITDA fell 15.8 percent to EUR 1.71 billion, with the EBITDA margin dropping to 36.8 percent compared to 40.2 percent in the year-earlier quarter. In the accompanying statement, the company's new CEO Flavio Cattaneo said he was determined to improve profitability at Telecom Italia, announcing that the target for cost-cutting measures would be tripled to EUR 1.6 billion by 2018, including EUR 800 million in operating costs and EUR 800 million in capital spending.

Tags: sales target italia telecom