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Tag: revenue growth
Vodacom service revenue growth improves to 4.7%
2015-07-23 13:29:00| Telecompaper Headlines
(Telecompaper) African mobile operator Vodacom reported revenues for the June quarter up 7 percent year-on-year to ZAR 19.56 billion, led by a steady improvement in its home market South Africa and double-digit growth elsewhere in Africa. Organic service revenue growth was 4.7 percent, to a total ZAR 15.66 billion, with a 2.8 percent rise in South Africa and an 11.3 percent increase at the international operations. Data grew to over 30 percent of service revenue, or ZAR 4.85 billion, up 35.2 percent from a year earlier. The active customer base increased 6.5 percent to 63.5 million at the end of June, and data customers were up 10.8 percent to 28.0 million. Compared to March, Vodacom added 1.2 million new customers in South Africa, for a total 33.31 million. At the international operators, the DRDC led growth, gaining just under 700,000 new customers, and Mozambique added 154,000 new subscribers, while the Tanzania base was slightly lower on a sequential basis.
Tags: service
growth
revenue
improves
Tele2 revenue growth continues in Q2, EBITDA turns lower
2015-07-21 08:42:00| Telecompaper Headlines
(Telecompaper) Tele2 reported continued revenue growth in the second quarter on its expansion in the mobile market, while profits fell due to the costs of launching its own network in the Netherlands and restructuring. Total revenues rose 4 percent to SEK 6.611 billion, led by a 7 percent rise in mobile service revenues to SEK 3.324 billion. EBITDA fell to SEK 1.393 billion from SEK 1.470 billion a year ago, and the margin dropped to 21 percent from 23. In addition to lower profits from fixed services, EBITDA was hurt by losses in the Netherlands mobile business for the roll-out of its own network there and SEK 71 million in charges for the earlier announced 'Challenger' programme to reduce costs. Net profit dropped to SEK 309 million from SEK 802 million a year ago, when the company had a positive one-off of SEK 363 million from the valuation of a put option in Kazakhstan. Capital expenditure jumped to SEK 1.134 billion from SEK 850 million in the year-earlier period, amid increased investments in mobile networks in the Netherlands, Sweden and Kazakhstan. Free cash flow was a negative SEK 268 million, little changed from a year ago. Tele2 maintained its outlook for mid single-digit growth in mobile service revenue this year and total revenues of SEK 25.5-26.5 billion. EBITDA is expected to reach SEK 5.8-6.0 billion in 2015, and capital expenditure will total SEK 3.8-4.0 billion. Restructuring costs for the Challenger programme are expected at around SEK 200 million.
Tags: lower
growth
continues
revenue
Millicom posts revenue growth but slips into the red
2015-07-21 02:00:00| Total Telecom industry news
Emerging markets operator aims to become Latin America's second largest cable operator.
General Mills Revenue Growth Weaker Than Views
2015-07-01 15:18:38| Agriculture - Topix.net
General Mills Inc. on Wednesday reported weaker-than-expected revenue in its May quarter, as the food maker continues to struggle with changing consumer tastes and a strong dollar. Profit excluding one-time items came in above Wall Street expectations for the fiscal fourth quarter, while the company also saw its volume improve.
Tags: general
views
growth
revenue
UPDATE 1-TSMC says annual revenue growth pace to slide from 2014's surge
2015-06-09 11:27:11| Semiconductors - Topix.net
Chipmaker Taiwan Semiconductor Manufacturing Co Ltd expects this year's percentage revenue growth to slip to "the teens" this year from a heady 28 percent in 2014, as the firm soaks up a likely loss of business from some key customers. Speaking at the company's annual general meeting, Chairman Morris Chang said he hoped the second half of the year will be better than the first.
Tags: update
growth
annual
revenue
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