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TeliaSonera posts small rise in organic sales, profit lower

2013-07-17 08:59:00| Telecompaper Headlines

(Telecompaper) TeliaSonera reported a small drop in profits for the second quarter, but returned to organic revenue growth. Net sales in local currencies, excluding acquisitions and disposals, increased 0.4 percent, and EBITDA on an organic basis was up 3.3 percent. In reported currency, sales decreased 3.9 percent to SEK 25.274 billion, and EBITDA was down 1.2 percent to SEK 8.928 billion. The EBITDA margin improved to 35.3 percent from 34.4 a year ago thanks to cost reductions. Net income fell 16.9 percent to SEK 4.031 billion, while free cash flow rose to SEK 4.462 billion from SEK 3.062 billion. TeliaSonera reiterated its full-year outlook, for flat sales on an organic basis, an EBITDA margin slightly higher than last year's 34.5 percent and capex at 14 percent of sales. The latter is expected to accelerate in the second half of the year, after 11.9 percent in H1, and TeliaSonera said it will continue to invest in 4G and mobile coverage as well as target fibre acquisitions to meet strong demand in Sweden for the faster services. The effects of the cost savings programme announced at the end of last year will also be visible in the second half, with much of the job cuts already completed. In total the operator targets EUR 2 billion in cost reductions by the end of 2014.

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Solar recycling units launch in Lower Manhattan

2013-07-16 16:59:00| Solid Waste & Recycling magazine Headlines

The Downtown Alliance, Pratt Industries and the City of New York have partnered to launch a solar recycling project in Lower Manhattan.

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J&J 2Q profit jumps on higher sales, lower charges

2013-07-16 16:20:43| Food - Topix.net

Health care giant Johnson & Johnson's second-quarter profit more than doubled, thanks to higher sales of medicines and medical devices as it recovers from recalls and manufacturing problems that cut into sales.

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Study Concludes That Honeywell's New Automobile Refrigerant Has Lower Global Warming Potential ...

2013-07-16 06:00:00| Industrial Newsroom - All News for Today

Peer-reviewed paper finds HFO-1234yf has global warming potential that is four times lower than previously calculated<br /> <br /> MORRIS TOWNSHIP, N.J. &ndash; Honeywell (NYSE: HON) announced today that a new study has found that its low-global-warming refrigerant, HFO-1234yf, has a global-warming potential (GWP) four times lower than previously calculated - below that of carbon dioxide - enhancing its standing as one of the world's most environmentally friendly refrigerants.<br /> <br /> The ...This story is related to the following:Green & CleanSearch for suppliers of:

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Cabot approves same quarterly dividend despite lower EPS

2013-07-15 18:17:29| Chemicals - Topix.net

The board of directors at Cabot Corp. has approved another quarterly dividend of 20 cents a share, the same as several recent quarters, despite a first half of fiscal 2013 which saw lower year-over-year earnings.

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