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Telenor organic sales up 7.6%, margins still under pressure

2015-05-06 08:43:00| Telecompaper Headlines

(Telecompaper) Telenor reported all-time high revenues in the first quarter, with organic sales growth reaching 7.6 percent. As the operator is confident it will see another good year, it has raised its 2015 guidance for organic revenue growth to 5.7 percent and its EBITDA margin expectations to 34-36 percent. The capex to sales ratio is seen at 17-19 percent, reflecting higher investments in Thailand and Myanmar in addition to the recently launched satellite. Revenues for the quarter rose to NOK 30.2 billion from 25.3 billion the year before while EBITDA before other items reached an all-time high of NOK 10.6 billion from 9.1 billion, despite start-up costs in Myanmar and continued high handset sales. The EBITDA margin went lower to 35.0 percent from 35.8 percent while the operating cash flow lifted to 6.1 billion from 5.5 billion. The net profit advanced to NOK 4.1 billion from 3.7 billion. The company added 5.9 million mobile customers during the quarter, taking total subscriber numbers to 190 million. Telenor said more than one third of all subscribers are now active.

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Canada to construct up to 15 vessels under C$26.2bn programme

2015-05-05 01:00:00| Naval Technology

Canadian officials have stated that the country is set to begin construction of naval ships under a C$26.2bn ($21.5bn) programme early in the next decade.

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Not a short sale, not in a flood zone, and under $200,000

2015-05-03 08:52:20| Real Estate - Topix.net

The home included a new roof, hardwood floors, new windows and a freshly painted exterior. Rizvani listed the property on both the New Jersey Multiple Listing Service and the Garden State Multiple Listing Service, and advertised it on the Internet.

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Sugar companies of East Africa come together under one umbrella

2015-04-28 12:42:40| Sugar Industry News

East African sugar stakeholders on Saturday joined hands by forming the East African Sugar Industry Association (EASIA) in an effort to collectively address serious challenges thwarting development of the sector in the trading bloc. sugar

Tags: one under companies east

 

Is It Possible To Justify The Value On Under Armour?

2015-04-23 23:40:31| Footwear - Topix.net

The recent success of athlete endorsers Jordan Spieth at the Masters and Steph Curry during the current NBA season are no doubt exciting and unexpected benefits to Under Armour . Investors though need to check the enthusiasm over the recent success of these two athletes.

Tags: under value justify armour

 

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