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Tencent Q4 profit falls 35% on investment costs, revenues up 28%

2019-03-21 12:28:00| Telecompaper Headlines

(Telecompaper) Tencent reported revenues of CNY 84.9 billion for the fourth quarter, up 28 percent from a year earlier as growth in social networks, payments and online content helped offset flat revenues from gaming. The company's net profit fell 35 percent to CNY 14.0 billion, due to costs for the IPO of Tencent Music and several disposal gains in the year-earlier period. Adjusted EBITDA rose 18 percent to CNY 29.7 billion.

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Catastrophic Nebraska flooding hits ranchers hard, costs estimated at $1 billion

2019-03-20 17:37:00| Beef

Nebraska family sees their 100-plus year-old farmstead pummeled by flood, livestock buried in ice.

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China Textile & Clothing Production Costs (Country Report)

2019-03-19 20:26:01| EmergingTextiles.com

China's economic growth has further slowed down in February, according to just released official data. Rising uncertainties over trade negotiations with the United States have depressed anticipations whereas official policy aimed at revamping business activities has not been effectively felt. Textile production prices have increased at a lower pace, as a result. Our statistical report offers a comprehensive view of production costs and consumer prices in China, including in textile and clothing sectors. Labor costs in major provinces are also being followed.

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