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Telecom Italia posts EUR 1.35 bln profit, first since 2010
2015-03-20 09:18:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, in what was its first profit since 2010. All other financial results for 2014 were published last month to coincide with the launch of its 2015-2017 business plan to modernise its fixed and mobile broadband networks. The company's full-year revenues were down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent, with EBITDA falling by 7.9 percent to EUR 8.79 billion. At the board meeting ratifying its full-year results, the company also announced that it would be launching a bond of up to EUR 2 billion bond on 20 March, with the final conversion price yet to be confirmed. The bond settlement is expected to take place on 26 March and the proceeds will be used to refinance Telecom Italia's existing net debt of EUR 26.7 billion. Looking ahead, the company said traditional services such as access and voice would continue to fall, but would be partly offset by revenues from innovative services due to the increasing demand for connectivity and digital services. Telecom Italia's CEO Marco Patuano said: "The positive trend of our business in the early months of 2015 is in line with goals we previously set and shows the company is on the right path."
Kate Spade posts huge Q4 profit gain
2015-03-04 14:51:00| Daily apparel & textile news and comment - from just-style.com
Apparel and accessories business Kate Spade & Company increased its fourth-quarter net profit by nearly US$100m, thanks to 50%-plus revenue hikes for its core divisions.
Australia Post's profit down 56%
2015-02-23 04:15:45| BBC News | Business | UK Edition
Australia Post reports half-year profits of A$98m - down 56% from a year earlier - and forecasts its first full-year loss in more than 30 years.
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Rackspace posts sharply higher profit
2015-02-18 09:04:13| Telecom - Topix.net
Cloud-computing company Rackspace Hosting Inc. posted a 77.5% increase in fourth-quarter profit but predicts first-quarter revenue below Wall Street estimates as currency issues restrain its growth rate. The company predicts growth of 2% to 3.5% on a constant-currency basis, and expects a currency "headwind" of 100 basis points.
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Analog Devices posts higher profit, dividend
2015-02-18 07:08:16| Semiconductors - Topix.net
Analog Devices Inc. said its profit rose 17% for the January quarter as the chip maker said order rates improved in the last month of the period, particularly in automotive and industrial markets. For the current quarter, the company expects earnings excluding items of 70 cents to 74 cents a share on revenue of $810 million to $830 million, compared with the Wall Street consensus of 69 cents a share and revenue of $807 million, according to Thomson Reuters.
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