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Axiata's Q3 profit slips, revenues grow 5%

2013-11-27 23:27:00| Telecompaper Headlines

(Telecompaper) Asian mobile operator group Axiata reported a net profit of MYR 769.78 million, down 4.8 percent year-on-year from MYR 808.41 million. The decrease was due mainly to lower EBITDA contribution in Indonesia, higher foreign exchange losses, and a one-off reversal in Q3 2012 of cumulative deferred tax liability in Sri Lanka. Total revenues grew 4.6 percent to MYR 4.75 billion from MYR 4.54 billion in the year-ago quarter as voice services revenues went up 1.4 percent to MYR 2.45 billion and data services revenues jumped 21.2 percent to MYR 727 million. However, SMS revenues slumped 11.2 percent to MYR 580 million but VAS revenues were up 6.1 percent to MYR 230 million. EBITDA stood at MYR 1.92 billion, up 2.7 percent but EBITDA margin slipped 0.7 percentage point to 40.4 percent on forex losses from the Indonesia unit and aggressive data investment costs. The group ended the quarter with 239.7 million customers across all operating companies, up 18.1 percent year-on-year. Axiata reiterated FY 2013 guidance for revenue growth of 7.6 percent and EBITDA growth of 0.2 percent.

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MTS posts profit dip amid lower revenues

2013-11-08 05:21:44| Wireless - Topix.net

Manitoba Telecom Services Inc. has posted a lower third-quarter net profit of $25.4 million, down sharply from $33.2 million in the same quarter last year.

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Yahoo ad revenues shrink, profit grows on Alibaba stake

2013-07-17 09:20:00| Telecompaper Headlines

(Telecompaper) Yahoo reported growth in net profit thanks to its 24 percent stake in e-commerce portal Alibaba, but lower revenues in the second quarter, as it struggled to increase advertising turnover. Overall revenue shrank by 7 percent to USD 1.14 billion from USD 1.22 billion in the second quarter of 2012. Income from operations soared 150 percent to USD 137 million from USD 55 million, and net earnings per diluted share were 68 percent higher at USD 0.30 in the latest quarter, compared to USD 0.18 a year earlier. CEO Marissa Mayer said she was encouraged by Yahoo's second quarter performance. Yahoo expects to report USD 1.06 billion to USD 1.1 billion of revenue excluding traffic acquisition costs in the current quarter and USD 4.45 billion to USD 4.55 billion in the full year. Non-GAAP operating income USD 165 million to USD 185 million and USD 900 million to USD 1 billion, respectively.

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SingTel's Q3 profit, revenues fall

2013-02-14 00:53:00| Telecompaper Headlines

(Telecompaper) SingTel Group's profit fell 8 percent in the third quarter ended 31 December 2012 due to costs associated with transformation initiatives, increased depreciation, and exceptional charges. Net profit stood at SGD 827 million, versus SGD 902 million a year earlier, and underlying net profit, excluding exceptional charges, fell 2 percent to SGD 874 million. Group revenues slipped 5 percent to SGD 4.60 billion from SGD 4.83 billion, but EBITDA was stable at SGD 1.26 billion and EBITDA margin was slightly higher at 27.5 percent. The Group's regional mobile associates, in particular Telkomsel and AIS, recorded robust growth, which were partially offset by lower earnings from Airtel and the weaker regional currencies. In the quarter, the Group and the regional mobile associates continued to register strong customer growth. As at 31 December 2012, the Group had 473 million mobile customers, an increase of 39.2 million or 9 percent from a year ago. SingTel reiterated its outlook for the full year of a decline in group revenues by low single digit level while EBITDA is forecast to remain stable.

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IBM profit, revenues hold up in tough quarter

2013-01-22 23:20:51| CNET News.com

Software revenue was up 3 percent; services sales fell 2 percent and systems and technology sales fell 1 percent. And IBM boosted its 2013 forecast. [Read more]

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