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Telecom Italia net profit down sharply in H1 to EUR 29 mln
2015-08-07 08:40:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a sharp fall in first-half net profit, to EUR 29 million from EUR 543 million a year earlier. The company was hurt by a range of one-time charges for restructuring, legal settlements and financial transactions. Telecom Italia said that without these one-times, profit would have reached EUR 650 million. The group's revenues were also down 4.3 percent from a year earlier to EUR 10.097 billion, with a 2.1 percent fall in Italy and 10.7 percent drop in Brazil. On an organic basis, excluding currency effects and changes in scope, revenues fell 3.3 percent. EBITDA dropped to EUR 3.633 billion from EUR 4.345 billion a year ago, and the margin fell to 36.0 percent from 41.2. Excluding the EUR 399 million in one-time charges, EBITDA was down just 5.0 percent, with a margin at 39.9 percent. Operating cash flow declined to EUR 701 million from EUR 1.044 billion, hurt by the cost of renewing the GSM licence in Italy and investments in new services. Adjusted net financial debt reached EUR 26.992 billion at the end of June, up by EUR 341 million from the end of 2014, as income from the Inwit IPO and towers sales was offset by higher costs for real estate and towers leases.
UPDATE 1-ADM says Brazil soy profit margin to fall sharply in 2015/16
2015-08-04 05:33:04| Food - Topix.net
Archer Daniels Midland Co expects average profit margins in Brazil's 2015/16 soy production to fall 77 percent from the previous season after two years of falling soybean prices, the company's South America president said on Monday. Valmor Schaffer projected profit margins of 122.20 reais per hectare, down from 539.03 reais in 2014/15, and said average margins would only remain positive because of a weakening Brazilian currency, which raises payment in dollars.
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profit
UPDATE 1-ADM says Brazil soy profit margin to fall sharply in 2015/16
2015-08-04 02:02:59| Agriculture - Topix.net
Archer Daniels Midland Co expects average profit margins in Brazil's 2015/16 soy production to fall 77 percent from the previous season after two years of falling soybean prices, the company's South America president said on Monday. Valmor Schaffer projected profit margins of 122.20 reais per hectare, down from 539.03 reais in 2014/15, and said average margins would only remain positive because of a weakening Brazilian currency, which raises payment in dollars.
Tags: update
fall
brazil
profit
At the open: TSX drops sharply as oil, resources drag
2015-07-23 12:42:05| Paper - Topix.net
Canada's main stock index tumbled shortly after the open on Wednesday, falling as much as 1 per cent, as heavily weighted energy and resource stocks tracked weaker commodity prices and led losses. The Toronto Stock Exchange's S&P/TSX composite index was down 116.22 points, or 0.81 per cent, at 14,260.02, after falling as low as 14,231.10.
European new car sales rebound sharply
2015-07-16 11:08:42| Auto Dealers - Topix.net
European new car sales bounced back sharply in June after a weak performance the month before, lifting new car sales in the first half of the year by 8.2%, the European Automobile Manufacturers Association said Thursday. New car registrations, a reflection of car sales, in the European Union and members of the European Free Trade Association rose to 1.41 million vehicles in June from 1.23 million a year earlier.
Tags: sales
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sharply
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