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Alcatel-Lucent posts first annual profit in four years

2016-02-12 09:13:00| Telecompaper Headlines

(Telecompaper) Alcatel-Lucent recorded revenue up 15 percent and up 4 percent at constant exchange rates to EUR 4.16 billion in Q4 2015, versus EUR 3.68 billion in Q4 2014. Gross profit rose to EUR 1.64 billion from EUR 1.28 billion. The company saw a 36 percent rise in next-generation technology revenue in Q4 2015, accounting for 79 percent of total revenue, versus 67 percent in Q4 2014. Q4 2015 net profit came in at EUR 589 million, but over the full year the company made a smaller net profit, EUR 257 million, compared with a EUR 118 million net loss in 2014. It was Alcatel-Lucent's first full year profit since 2011, giving it healthy finances for its new parent company, Nokia.

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Volvo posts higher 4th quarter profit on brisk Europe sales

2016-02-05 17:56:31| Automakers - Topix.net

Swedish truck maker AB Volvo has posted a fourth quarter net profit of 2.59 billion kronor , compared with a 2.98 billion kronor loss last year, on the back of cost cuts and brisk sales in Europe. The previous year's earnings were hurt by big provisions relating to an EU antitrust case and credit losses in China.

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Toyota posts $5.4 billion quarterly profit, raises forecast

2016-02-05 13:05:04| Automakers - Topix.net

Toyota's quarterly profit rose nearly 5 per cent as the weaker yen and cost reductions offset declining sales in some markets. The automaker raised its full-year earnings forecast.

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International Paper Posts 33% Profit Rise

2016-02-03 23:42:45| Paper - Topix.net

International Paper Co. logged a 33% rise in fourth-quarter earnings, handily beating Wall Street expectations, despite foreign currencies and slowing economies dragging down revenue, as its Russian joint venture swung to a profit.

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