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3 Group organic revenue growth slows to 1% in H1

2016-08-11 10:49:00| Telecompaper Headlines

(Telecompaper) CK Hutchison reported a slowdown in growth at 3 Group Europe in the first half of 2016, hurt by negative currency effects and slower customer growth. Revenues fell 1 percent year-on-year to HKD 30.165 billion and were up only 1 percent in local currency. EBITDA increased 9 percent to HKD 8.492 billion, slowing from 12 percent growth in 2015. Excluding currency effects, EBITDA rose 12 percent, which the company attributed to the increase in net customer service margin, continued cost synergies realised at 3 Ireland and good cost management in other operations. 3 Europe ended June with 26.8 million active customers, up by around 700,000 from the end of 2015.

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MTN Group posts H1 loss, organic revenue up 1.5%

2016-08-05 10:38:00| Telecompaper Headlines

(Telecompaper) MTN Group has reported a 14 percent increase in revenue to ZAR 78.88 billion for the first half of 2016 from ZAR 69.21 billion in the same period in 2015. This was positively affected by exchange rate movements and data services growth; excluding forex effects, revenue rose 1.5 percent. The number of subscribers was flat at 232.6 million on 30 June compared with 31 December 2015. EBITDA decreased 38.4 percent to ZAR 18.88 billion, hurt by the Nigerian regulatory fine (ZAR 10.499 billion). The net loss totaled ZAR 5.5 billion versus a profit of ZAR 11.9 billion a year ago.

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Organic Mosquito Repellent Takes On Zika At Rio Olympics

2016-08-05 07:19:00| Chemical Processing

A U.S. Olympic gymnast will use a new organic mosquito repellent while in Brazil to protect against the Zika virus.

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J. Stephan Banchero III Finds Organic Opportunities

2016-07-29 05:05:16| Waste Age

Willona Sloan J. Stephan Banchero IIIs entrepreneurial spirit and knack for relationship-building have earned him a senior position at his company and recognition as one of Waste360s 40 Under 40 award recipients. read more

Tags: iii opportunities finds organic

 

Telefonica organic growth slows in Q2

2016-07-28 07:59:00| Telecompaper Headlines

(Telecompaper) Telefonica reported a fall in second-quarter results, hurt by negative currency effects, while underlying growth slowed from Q1. Revenues dropped 7.7 percent to EUR 12.723 billion, and OIBDA fell 7.1 percent to EUR 3.918 billion. On an organic basis, the company reversed the growth of the first quarter and saw a 0.2 percent fall in revenues, and OIBDA organic growth slowed to 0.8 percent from 3.1 percent in Q1. The OIBDA margin rose to 30.8 percent from 30.5 a year ago. Net profit more than halved, to EUR 693 million from EUR 1.556 billion. The weaker growth was apparent in all of Telefonica's European markets, where it has started to consolidate O2 UK again, as well as some Latin American markets. Total service revenue was up 1.5 percent year-on-year on an organic basis, led by a 16 percent increase in non-SMS mobile data revenues. Mobile data traffic rose 50 percent year-on-year, driven by more LTE customers, which now make up 19 percent of the total mobile base.

Tags: growth organic q2 telefonica

 

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