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Telecom Italia revenues down 2.7% in H1, starts evaluating asset sales

2018-07-25 08:25:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported a 2.7 percent year-on-year decline in first-half revenues to EUR 9.51 billion on a comparable basis, hit by the devaluation of the Brazilian real at its TIM Brasil unit, a recent jobs deal, the return to monthly billing in Italy and other regulatory impacts. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) was EUR 3.92 billion in the first six months, down 4.8 percent compared to the year-earlier result of EUR 4.11 billion, while the margin was down 0.9 of a percentage point to 41.2 percent. TIM added that organic EBITDA net of non-recurring components and other one-offs totalled EUR 4.04 billion, some EUR 2 million higher than a year earlier, while capital expenditure fell EUR 381 million to EUR 1.68 billion on a comparable basis.

Tags: sales italia starts asset

 

Supermarket sales boosted by World Cup and sun

2018-07-24 10:18:37| BBC News | Business | UK Edition

The football and hot weather helped sales to grow at their fastest pace this year, research suggests.

Tags: world sales sun cup

 
 

Alphabet surprises as ad sales beat forecasts

2018-07-23 23:39:12| BBC News | Business | UK Edition

Google's parent company is facing a record penalty in the EU which knocked $5bn off its profits.

Tags: sales beat alphabet forecasts

 

Kia Niro EV crossover now on sale in Korea; N American sales in Q1 2019

2018-07-22 12:57:08| Green Car Congress

Tags: sales sale american korea

 

Fur sales: MPs call for consultation to ban real fur

2018-07-22 10:28:20| BBC News | Business | UK Edition

MPs say poor labelling means real fur is being sold in the High Street and online as fake fur.

Tags: real call sales consultation

 

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