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Tag: grows
NYC subway ridership grows to highest point in 65 years
2015-04-21 13:53:12| Railroads - Topix.net
The Metropolitan Transportation Authority says more than 1.7 billion people rode the subway last year. That's a 2.6 percent increase from 2013.
Sky grows 9-mth operating profit 20%
2015-04-21 08:43:00| Telecompaper Headlines
(Telecompaper) European pay-TV provider Sky reported operating profit for the nine months to March up 20 percent year-on-year to GBP 1.025 billion. Group revenues grew by 5 percent to GBP 8.453 billion, amid a 6 percent increase in UK and Ireland, 9 percent growth in Germany and stable results in Italy. Subscription revenues were up 5 percent to GBP 7.280 billion, after the company added a total 947,000 customers in the past 12 months. In the three months since its last financial report, Sky gained 241,000 customers, for a total 20.848 million at the end of March. The number of products sold rose by just over 1 million in the quarter to 53.035 million. Sky said it was making good progress with its integration process and was on track to realise GBP 200 million in synergies by the second year after merging its European operations.
Tags: operating
profit
sky
grows
Tele2 mobile service revenue grows 10% in Q1
2015-04-21 08:32:00| Telecompaper Headlines
(Telecompaper) Tele2 reported first-quarter sales up 6 percent to SEK 6.512 billion, led by 10 percent growth in mobile service revenue. Revenue was also helped by currency effects and rose just 2 percent excluding forex. EBITDA increased 5 percent (or 2 percent excl forex) to SEK 1.428 billion, while net profit fell 12 percent to SEK 517 million. The results are based on continuing operations and exclude the SEK 1.8 billion capital gain realised on the sale of Tele2 Norway. Tele2 also started a 'challenger' programme in Q4 with the aim of increasing productivity and saving SEK 1 billion annually by 2018. This resulted in SEK 14 million in restructuring costs in Q1 and led to a 27 percent fall in EBIT to SEK 702 million.
Tags: service
mobile
revenue
grows
Pressure grows on ACCC to drop opposition to Qantas-China Eastern alliance
2015-04-20 06:10:48| Airlines - Topix.net
Pressure is building on the competition regulator to drop its opposition to a deeper alliance between Qantas and China Eastern after a peak tourism and transport lobby group and the long-haul pilots' union labelled its stance on the case "somewhat unbalanced" and against moves to boost trade with China. The Australian Competition and Consumer Commission has signalled it will block the alliance due to concerns that it will give the two airlines more than 80 per cent of the direct capacity between Sydney and Shanghai.
Tags: pressure
drop
eastern
opposition
Samsung, Hyundai's power grows stronger on corporate earnings
2015-04-19 09:06:06| Semiconductors - Topix.net
South Korea's two biggest conglomerates have expanded their presence, with their earnings accounting for over 80 percent of the profits of the top 30 business groups last year, data showed Sunday, in the latest sign of their concentration of wealth. Samsung Group and Hyundai Motor Group posted a combined net profit of 34 trillion won last year, down 4 trillion won from the 38 trillion won in 2010, and the earnings from the remaining 28 conglomerates dipped to 8 trillion won from 42 trillion won over the cited period, according to the data compiled by CEOScore, a research firm that tracks conglomerates.
Tags: power
corporate
samsung
stronger
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