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Reliance Jio nearly triples quarterly net profit, sales up 27%

2020-05-01 08:55:00| Telecompaper Headlines

(Telecompaper) Indian operator Reliance Jio Infocomm reported a near tripling in its net profit for the fiscal fourth quarter to March, to INR 23.3 billion from INR 8.4 billion a year earlier. The customer base rose by 26.3 percent year-on-year to 387.5 million, and Jio added a net 17.5 million new customers in Q4 alone. 

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

2020-04-30 20:56:12| Green Car Congress

Tags: in march share sales

 
 

Sainsbury's warns of GBP500m profit hit as clothing sales slump

2020-04-30 12:37:00| Daily apparel & textile news and comment - from just-style.com

UK supermarket retailer Sainsbury's has warned of a GBP500m (US$624m) profit hit for its next financial year as significant costs related to safety measures amid the Covid-19 pandemic and lower clothing sales take their toll.

Tags: sales hit clothing profit

 

Carlsberg Q1 2020 - Sales down 7.4%, Eastern Europe posts increase - results data - comment

2020-04-30 12:21:00| Daily beverage news and comment - from just-drinks.com

Carlsberg has reported a larger Q1 volumes slide than rival Heineken, but the brewer's Eastern Europe region posted a sales lift from the coronavirus-dominated three-month period.

Tags: results data comment sales

 

Nokia improves margins on small drop in Q1 sales, sees Q2 impact from coronavirus

2020-04-30 08:50:00| Telecompaper Headlines

(Telecompaper) Nokia reported improved underlying profits in the first quarter, thanks to its cost reduction efforts and a limited impact from the Covid-19 pandemic. While revenues were down 2 percent to EUR 4.9 billion, adjusted operating profit was a positive EUR 116 million versus a loss of EUR 59 million a year ago. The company said it expects Q2 to show the most impact from the coronavirus crisis and slightly lowered the mid-point of its full-year outlook. 

Tags: small sales impact drop

 

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