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Vimpelcom sees small increase in organic sales, EBITDA in Q3

2016-11-03 08:11:00| Telecompaper Headlines

(Telecompaper) Vimpelcom reported a small increase in organic sales and EBITDA in the third quarter, led by a strong performance in Ukraine and Pakistan. Excluding currency effects, disposals and acquisitions, revenues rose 0.8 percent and EBITDa was up 0.6 percent. On a reported basis, revenue fell 3 percent to USD 2.372 billion, hurt by forex effects and lower sales in Algeria and Russia. Service revenue was also down 3 percent year-on-year, as the drop in voice revenue offset 28 percent growth in mobile data revenue. Total mobile customers increased by 10.1 million to 205.5 million at the end of Q3, mainly driven by the consolidation of Warid's customers in Pakistan from July. Group EBITDA, excluding one-time items, fell 5 percent to USD 962 million, and the margin dropped to 40.6 percent from 41.7 percent a year ago. The net result was a profit of USD 445 million, compared to a loss of USD 1.005 billion a year ago when Vimpelcom took a number of restructuring and legal settlement charges.

Tags: small sales increase organic

 

Estée Lauder\'s Q1: Net Sales Up Just 1%

2016-11-02 16:24:00| Happi Breaking News

In line with expectations, according to CEO.

Tags: up net sales este

 
 

Suicide Squad helps drive strong sales at Time Warner

2016-11-02 13:52:41| BBC News | Business | UK Edition

Superhero film Suicide Squad and higher fees from pay TV providers drive strong performance at Time Warner.

Tags: time sales drive strong

 

Next cuts FY outlook as Q3 sales slide

2016-11-02 09:39:00| Daily apparel & textile news and comment - from just-style.com

UK fashion retailer Next has revealed a fall in sales for its third-quarter and lowered its full-year guidance, citing difficult market conditions. 

Tags: sales slide outlook cuts

 

Next sees sales fall again in 'difficult' quarter

2016-11-02 08:49:06| BBC News | Business | UK Edition

Retailer Next blames a sharp drop in sales on discounting and tough comparisons to last year.

Tags: sales fall difficult quarter

 

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