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BASF Increases Sales and Earnings Slightly in the Second Quarter
2015-07-24 07:00:00| Coatings World Breaking News
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Kenco increases investment in supply chain innovation with Kenco Innovation Labs
2015-07-23 01:14:37| Logistics - Topix.net
Kenco -a leading provider of integrated logistics solutions, real estate services, and material handling equipment-has established a department focused on researching and developing innovative approaches to supply chain management challenges. Kenco Innovation Labs and its dedicated team of innovation specialists will collaborate with customers to identify, research, and prototype leading-edge ideas and processes.
Tags: supply
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ARM increases dividend 25% after strong Q2
2015-07-22 09:20:00| Telecompaper Headlines
(Telecompaper) ARM Holdings reported second-quarter revenues up 15 percent year-on-year to USD 357.1 million and improved its adjusted operating margin to 52.9 percent from 48.9 a year ago. The company's pretax profit jumped 39 percent to GBP 94.7 million or 5.42 pence per share, and ARM increased its interim dividend by 25 percent to 3.15 pence per share. Over 3.4 billion ARM-based chips shipped in the second quarter, up 26 percent year-on-year. This helped drive a 31 percent increase in ARM's processor royalty revenue. The company also added new licences in the quarter, with a record 54 processor licences signed for a broad range of applications, from biometric sensors for mobile payments to automotive engine control. ARM said market conditions point to a small sequential increase in industry revenues in the next quarter, while its own revenues may grow faster due to increasing royalty per chip in mobile devices and the expanding market beyond mobile. Assuming macroeconomic uncertainty does not further impact consumer spending, ARM expects its revenues in dollars for full year 2015 to be in line with current market expectations.
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Telenor Q2 net profit increases 57%
2015-07-22 09:00:00| Telecompaper Headlines
(Telecompaper) Telenor reported second-quarter revenues in line with its full-year outlook, with organic sales up 6 percent and a small drop in the EBITDA margin. Total revenues rose to NOK 30.18 billion from NOK 25.66 billion a year earlier, led by the company's expansion in Myanmar and India and solid results in its home market Norway. Adjusted EBITDA increased to NOK 10.57 billion from NOK 9.50 billion, while the EBITDA margin was still down 2 percent points year-on-year to 35 percent. Telenor increased capital expenditure to NOK 6.59 billion from NOK 3.87 billion a year ago, reaching almost 22 percent of revenues on spending on a new broadcast satellite and network expansion in Asia. As a result operating cash flow fell to NOK 3.98 billion from NOK 5.63 billion. Net profit was still 57 percent higher year-on-year at NOK 3.64 billion. For the full year 2015, the operator maintained its outlook for mid-single digit organic revenue growth, an EBITDA margin of 34-36 percent, and capex at around 17-19 percent of revenues.
Tags: net
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telenor
ZTE net profit increases 43% in H1
2015-07-21 12:41:00| Telecompaper Headlines
(Telecompaper) ZTE said it expects to report a 43 percent increase in net profit for the first half of 2015 to CNY 1.61 billion (USD 260 million), thanks to strong sales of LTE network systems. The preliminary results show operating revenue up 21.9 percent year-on-year to CNY 45.94 billion, and the operating result moved to a profit of CNY 66.28 million from a loss of CNY 210.05 million a year ago. ZTE said it saw higher sales in the first half from FDD LTE equipment, as well as wireline switch and access systems, mainly in its home market China. In addition, contract profitability improved in the period. Revenue in the Enterprise and Government ICT Solutions division also increased, driven by new smart city deployments and higher sales to rail operators. The company will give a full interim earnings report 26 August.
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