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MTN Group sees H1 profits down 10-15% on forex effects
2015-07-28 11:52:00| Telecompaper Headlines
(Telecompaper) MTN Group said it's expecting a decrease of between 10 and 15 percent in profits for the first six months of 2015, as fluctuating exchange rates hurt its bottom line. In a market update, MTN said this equates to headline EPS of ZAR 6.20-6.56. The African operator said it also expects a 10-15 percent fall in attributable earnings per share compared to the year-earlier period, giving a result of ZAR 6.21-6.58 per share. Adverse exchange rate and cross rate movements impacted both revenues and EBITDA in the period, as well as resulting in increased forex losses, MTN said.
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Volumes come in flat, but Coca-Cola FEMSA sees H1 sales, profits rise
2015-07-27 19:06:01| Daily beverage news and comment - from just-drinks.com
Coca-Cola FEMSA has seen its half-year and second-quarter volumes flatline, as the decision to move its Venezuelan unit to a new government-regulated currency exchange rate continues to skew its numbers.
Amazon.com Inc. (NASDAQ:AMZN) Sees Threat from High Flying Jet.com
2015-07-27 16:42:57| IT Services - Topix.net
Amazon.com surprised investors positively in the last reported quarter when it posted earnings of $0.19 per share above the expected loss of $0.13 per share. Yet, Amazon's profitable quarter might not signal the start of profitable quarters ahead as a new rival throws up new hurdles for Amazon to jump.
Ryanair sees full-year profit at higher end of forecast range
2015-07-27 10:08:34| Airlines - Topix.net
But the Irish airline, Europe's largest by passenger numbers, said it would cut fares sharply during the winter and that competitors could respond aggressively. Passenger numbers will grow to 103 million this year from 90.6 million last year, the company said in a statement.
GAO Report Sees Climate Risks to Army Corps Projects
2015-07-25 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Central: Thousands of dams, levees, hurricane barriers and flood walls built across the country by the U.S. Army Corps of Engineers may be at risk from extreme weather and sea level rise driven by climate change, but the Army Corps has only just begun to assess how vulnerable they are and suffers from a lack of funding, according to a U.S. Government Accountability Office report. The Army Corps may not be the most prominent of federal government agencies, but the dams, levees and other infrastructure it...
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