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4G drives increase in ZTE results
2015-03-25 15:45:00| Telecompaper Headlines
(Telecompaper) Growing sales of 4G network equipment and handsets led the increase in ZTE's results in 2014, according to the Chinese equipment maker's annual report. The group reported sales of carrier network equipment up 15 percent to CNY 46.77 billion, led by 4G sales in China and abroad, as well as demand for optical equipment in its home market. ZTE's handset and end-user device sales rose 6.5 percent last year to CNY 23.12 billion, which the company also attributed to demand for 4G equipment. Its software and services business was the only area not to grow in 2014, with revenues down 9.7 percent to CNY 11.59 billion due to weaker demand abroad. In total, ZTE grew sales 8.3 percent in 2014 to CNY 81.47 billion, of which 49.8 percent came from China. Net profit jumped 94 percent to CNY 2.63 billion, helped by higher gross margins on 4G equipment, tighter control of administrative costs and lower charges for bad debt, financing and forex effects. The company more than doubled operating cash flow to CNY 1.10 billion, and ZTE proposed a cash dividend of CNY 2.0 for every 10 shares held, plus two bonus shares for every 10 shares. ZTE also increased R&D spending 22 percent in 2014 to CNY 9.01 billion in 2014, focusing on 4G, 5G, high-end routers and semiconductors.
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First Pacific's (FPAFY) CEO Manuel Pangilinan on Q4 2014 Results - Earnings Call Transcript
2015-03-25 10:36:28| Agriculture - Topix.net
Good day everyone and thank you for joining us today to discuss the First Pacific 2014 Full Year Financial and Operating Results. We hope you have been able to get a copy of the results presentation which is available on First Pacific's website at www.firstpacific.com.
Sinopec announces 2014 full year results
2015-03-22 14:31:07| Oil & Gas - Topix.net
Operating profit was per share. The Company has gradually increased its dividend payout ratio in recent years, with dividend payout ratio reaching over 50% in 2014 .
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Nike Jumps After U.S. Sales Help Results Surpass Estimates
2015-03-21 20:10:48| Footwear - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. -- Nike Inc., the world's largest sporting-goods maker, rose the most in almost six months after reporting earnings that topped analysts' estimates, helped by demand in North America.
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Global-Tech Advanced Innovations Reports Third Quarter Results for Fiscal 2015
2015-03-21 05:26:17| Appliances - Topix.net
Global-Tech Advanced Innovations Inc. today announced its financial results for the fiscal quarter ended December 31, 2014 . Net sales for the third quarter of fiscal 2015 were $16.2 million, compared to $20.5 million for the corresponding quarter in fiscal 2014.
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