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Alibaba opg profit falls on option costs, revenues up 28%
2015-08-12 15:06:00| Telecompaper Headlines
(Telecompaper) Alibaba Group reported second-quarter revenues up 28 percent year-on-year to CNY 20.25 billion. The company saw the amount of merchandise sold on its Chinese e-commerce platforms grow by 34 percent year-on-year and 12 percent compared to the first quarter to CNY 673 billion. Purchases over mobile devices grew even faster, more than doubling compared to the same period of 2014 to CNY 371 billion. Monthly active users of its sites were up 63 percent year-on-year to 307 million, and the number of active buyers in the past 12 months rose 32 percent to 367 million. The company increased adjusted EBITDA 23 percent year-on-year to CNY 10.59 billion, but operating profit was down 25 percent to CNY 5.16 billion due to the costs of stock options. Alibaba said that excluding the cost of stock-based compensation, its operating profit would have increased 16 percent in the period. Net profit still more than doubled, to CNY 30.82 billion from CNY 12.44 billion a year ago, due to a one-time gain of CNY 24.73 billion from spinning off its films business Alibaba Pictures.
Seminal Scottish Feed Mill Opens with Eye on Farmer Costs
2015-08-12 02:00:00| ThePigSite - Industry News
UK, SCOTLAND – Scotland’s first new intake-to-product feed mill for many years opened last week, promising to run a tight ship to pass cost savings on to farms.
Mild summer cuts air conditioning, lowers electricity costs
2015-08-12 00:20:35| Energy - Topix.net
The mild summer so far has allowed New Englanders to often turn off their air conditioners, helping cut costs with reduced demand for electricity. An abundance of natural gas and more efficient power plants have helped reduce the wholesale price of energy, a respite from soaring heating costs in the winter, said ISO-New England, the region's grid operator.
Tags: air
costs
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conditioning
Methane-powered tractor could cut farmers' costs, emissions
2015-08-11 09:16:40| Agriculture - Topix.net
In this photo taken on June 10, 2015, a moment of the presentation and live demonstration to introduce the New Holland T6 Methane Tractor in Turin, Italy. The new technology is being developed to respond to the future needs of the agriculture industry, with the goal of making farms self-sufficient and sustainable.
Tags: costs
cut
farmers
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Know your farm operation costs
2015-08-10 15:46:00| Corn & Soybean Digest
Knowing your cost of production is essential to operating a sustainable business. Therefore, the ability to determine your cost is extremely important. Road Warrior read more
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