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Sony quarterly results fall on continued drop in smartphones

2016-11-01 08:31:00| Telecompaper Headlines

(Telecompaper) Sony reported revenues for its fiscal second quarter to September down 10.8 percent year-on-year to JPY 1.689 trillion, hurt by the continued drop in sales of its smartphones. Excluding currency effects, revenues were essentially flat, as the lower mobile sales were offset by growth in financial services and films. Operating profit fell to JPY 45.7 billion from JPY 88.0 billion a year earlier, led by lower results from semiconductors and components, and net profit dropped to JPY 4.8 billion from JPY 33.6 billion. The results include the earlier announced impairment charge on the battery business up for sale and continued repair costs for the earthquake early this year.

Tags: results fall sony continued

 

Tesla reports first quarterly profit for three years

2016-10-27 00:27:57| BBC News | Business | UK Edition

Electric car maker Tesla reports net income of $21.9m (17.9m) for the third quarter after 13 consecutive quarterly losses.

Tags: years three reports profit

 
 

Airtel grows quarterly EBITDA 15% on mobile data surge

2016-10-26 12:55:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal second quarter to September up 3.4 percent year-on-year to INR 246.52 billion. While mobile data revenues rose 21 percent to INR 45.36 billion, total revenues were under pressure from the sale of some activities in Africa and the currency devaluation in Nigeria. EBITDA improved a faster 14.5 percent to INR 94.66 billion, and the EBITDA margin was up by 3.7 points to 38.4 percent thanks to improvement in both south Asia and Africa. Net profit fell slightly to INR 14.61 billion from INR 15.36 billion a year ago, due to higher interest costs to finance spectrum acquisitions. Operating free cash flow still increased by 23.9 percent to INR 41.79 billion, and net debt dropped to 2.28x EBITDA from 2.37 in the previous quarter.

Tags: data mobile quarterly grows

 

Sprint returns to quarterly revenue growth for first time in two years

2016-10-25 02:00:00| Total Telecom industry news

U.S. operator raises full-year outlook as fiscal Q2 net loss narrows.

Tags: time two years returns

 

BASF Quarterly Statement 3rd Quarter 2016 Press Conference on October 27

2016-10-24 20:10:00| Coatings World Breaking News

Tags: october press statement conference

 

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