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SK Telecom grows Q2 profit more than triples
2013-07-31 06:45:00| Telecompaper Headlines
(Telecompaper) South Korean communications provider SK Telecom posted net profit of KRW 468 billion in the second quarter, up 288 percent from KRW 121 billion in the same period a year ago, as positive earnings from SK Hynix contributed KRW 197 billion to pre-tax profits. Operating revenues amounted to KRW 4.2 trillion, an increase of 3.9 percent from the same period last year. The increase was led by the growth of LTE subscribers and new businesses including B2B services. Mobile service revenue increased 4.5 percent year-on-year to KRW 2.8 trillion, while interconnection revenues decreased 18 percent year-on-year to KRW 217 billion resulting from the adoption of lower interconnection rates and new business, and other revenues increased 48 percent year-on-year to KRW 205 billion.
Tags: than
profit
telecom
grows
Sprint grows Q2 revenue to USD 8.88 billion
2013-07-30 09:22:00| Telecompaper Headlines
(Telecompaper) US mobile operator Sprint reported USD 8.88 billion of revenues in the second quarter, compared to USD 8.84 billion a year earlier. The company's operating loss widened to USD 874 million from USD 629 million in the second quarter of 2012. It recorded a pretax loss of USD 1.54 billion, versus USD 1.35 billion in the year-earlier quarter. Sprint Nextel made a USD 1.6 billion net loss in the second quarter (USD 0.53 loss per share), including approximately USD 430 million of depreciation and USD 623 million of non-cash charges related to the Nextel platform shutdown. Sprint had 53.38 million mobile customers at the end of June, including 30.45 million postpaid, 15.22 million prepaid and 7.71 million wholesale and affiliate subscribers. The Nextel platform was shut down on 30 June, with a postpaid Nextel recapture rate of 34 percent.
Tags: usd
revenue
billion
grows
Concept kitchen gadget grows fly larvae for dinner
2013-07-29 17:59:48| CNET News.com
The Farm 432 home appliance concept would let people grow larvae as a protein source. [Read more]
Tags: kitchen
concept
fly
dinner
MEXICO: Industrias Bachoco grows H1 earnings
2013-07-24 13:42:45| Livestock - Topix.net
Industrias Bachoco saw first-half profits increase, despite what the Mexican poultry processor said was a "complicated" start to the year.
Tags: mexico
earnings
grows
industrias
Multinationals' dependence on China grows
2013-07-24 06:22:32| Industrial Machines - Topix.net
Many United States-based corporations, including Apple Inc, are increasingly dependent on China for sales.
Tags: china
dependence
grows
multinationals
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