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Tax-Cut Fuelled China Car Sales Growth Adds $0.26 To Our 2016 General Motors EPS Estimates
2015-11-06 17:31:37| Auto Dealers - Topix.net
Ever since September 30th when the Chinese government announced it would cut car sales taxes from 10% to 5% for all vehicles with engines smaller or equal to 1.6 liters in size until the end of 2016, it was clear that General Motors' China unit would benefit from this change. Afterall, for GM China a total of 30 carlines or 128 trim-levels qualify for this tax cut.
Chiquita 9M profits benefit from lower costs despite sales fall
2015-11-06 15:42:50| Agriculture - Topix.net
Nine-month profits at banana grower Chiquita Brands have benefited from lower charges, despite the firm posting lower sales due to poorer banana volumes. For the period ended 30 September, Chiquita posted an increase in net profit to US$5.1m compared with a loss of $24.7m.
Jones Soda narrows losses despite YTD sales slip
2015-11-06 15:31:00| Daily beverage news and comment - from just-drinks.com
Jones Soda has posted another sales drop in year-to-date results, but profit losses narrowed as the company's cost-cutting measures continued.
YTD sales down for Lanson as "decisive" Q4 looms
2015-11-06 15:24:00| Daily beverage news and comment - from just-drinks.com
Lanson BCC Group has entered the important final quarter with a 6.1% slip in sales for its year so far.
NTT raises FY outlook on lower costs, improving sales
2015-11-06 12:43:00| Telecompaper Headlines
(Telecompaper) Japan's NTT Group raised its outlook for full-year results, citing improved growth overseas, expanding 'smart life' services at home and cost control efforts. The company now expects annual revenues for the year to March 2016 of JPY 11.40 trillion, up by JPY 50 billion from its previous forecast. The operating profit outlook increased by the same amount to JPY 1.25 trillion, and net profit by JPY 25 billion to an estimated JPY 655 billion. The results for the fiscal first half show the operator well on its way to achieving the targets. Revenues for the six months to September rose 4.0 percent year-on-year to JPY 5.589 trillion, and operating profit was up 24.1 percent to JPY 733.5 billion. Net profit increased 30.0 percent to JPY 377.3 billion, driven by reduced costs and lower taxes. NTT slightly reduced its capex forecast for the full year, by JPY 30 billion to JPY 1.630 trillion. In the first half, capex totaled 622.2 billion.
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