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Vimpelcom underlying sales up 4% in Q1, EBITDA 2% higher

2016-05-12 08:35:00| Telecompaper Headlines

(Telecompaper) Vimpelcom reported a small improvement in underlying results in the first quarter, with revenues up 4 percent and EBITDA growing 2 percent on an organic basis. However, negative currency effects and weak conditions in many of its markets, especially Russia and Kazakhstan, led to a 12 percent drop in reported revenue to USD 2.023 billion. Adjusted EBITDA fell 15 percent to USD 799 million, hurt also by USD 40 million in restructuring charges, and the margin was down 1.4 percent points year-on-year to 39.5 percent. Vimpelcom classified its Italian unit Wind as a discontinued activity held for sale, leading to a net profit from continuing activities of USD 38 million versus a loss of USD 88 million a year ago. 

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Infineon presents latest power modules for hybrid and electric vehicles; compact and higher power density

2016-05-11 11:56:07| Green Car Congress

Tags: power latest higher modules

 
 

London's FTSE 100 trades higher

2016-05-09 10:13:22| BBC News | Business | UK Edition

London's FTSE 100 is higher in early trading with Easyjet among the best performers after a broker upgrade.

Tags: higher trades ftse londons

 

Pork Commentary: Cash Lean Hogs Race Higher

2016-05-09 02:00:00| ThePigSite - Industry News

US - The seasonality of Hog Prices is alive and well. Last week 53-54% lean hogs jumped 4¢ a lb. or over $8.00 per head.

Tags: higher cash race commentary

 

Australian banks' shares trade higher

2016-05-05 04:41:06| BBC News | Business | UK Edition

Shares of Australian banks are trading higher and outpacing the broader market.

Tags: higher trade banks australian

 

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