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Spark grows FY revenues 1%, profits fall on restructuring costs

2018-08-22 09:38:00| Telecompaper Headlines

(Telecompaper) New Zealand operator Spark reported revenues for its fiscal year to June up 1.0 percent to NZD 3.649 billion, in line with its outlook. Growth in mobile and cloud and security services offset slightly the drop in legacy voice and data services. Restructuring costs led to a fall in EBITDA of 2.7 percent NZD 989 million, and net profit was down 7.8 percent to NZD 385 million, hurt also be the fall in Southern Cross dividends. 

Tags: fall costs profits revenues

 

China Telecom grows H1 service revenue 7%, net profit up 8%

2018-08-20 09:09:00| Telecompaper Headlines

(Telecompaper) China Telecom reported first-half revenues up 4.7 percent year-on-year to CNY 193 billion. Service revenue was up 7.0 percent to CNY 177.6 billion and would have risen 8.5 percent without the impact of new accounting rules, the company said. 

Tags: up service net china

 
 

India smartphone market grows 20% in Q2 as Xiaomi retains leadership

2018-08-13 13:02:00| Telecompaper Headlines

(Telecompaper) Smartphone companies shipped a total of 33.5 million units to India during the second quarter, resulting in healthy 20 percent year-over-year growth, according to data from IDC. The market researcher said growth was supported by a large number of online exclusive launches and strong shipments by offline vendors on the back of promotional activities and channel schemes.

Tags: market india leadership grows

 

Cargill Grows in China

2018-08-10 15:51:00| Happi Breaking News

Partners with BioHope and Sanrise China.

Tags: china grows cargill

 

Liberty Global grows Q2 revenues 2.7%, OCF 3.3%, driven by UK operations

2018-08-09 07:54:00| Telecompaper Headlines

(Telecompaper) Liberty Global reported second-quarter revenues from continuing operations up 2.7 percent on an organic basis to USD 3.045 billion, as a strong performance at Virgin Media in the UK offset weaker results in Belgium and Switzerland. The figure excludes its German operation Unitymedia and activities in East Europe being sold to Vodafone. Including those operations, revenues rose 3.1 percent, slightly less than Q1. 

Tags: uk global operations driven

 

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