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T-Mobile US grows quarterly EBITDA 25%
2015-07-30 15:04:00| Telecompaper Headlines
(Telecompaper) T-Mobile US reported second-quarter revenues up 14 percent year-on-year to USD 8.2 billion. Service revenues rose 12 percent to USD 6.1 billion on continued strong customer growth. The mobile operator's adjusted EBITDA rose 25 percent from the year-earlier period to USD 1.8 billion, and the margin improved to 30 percent from 26 percent a year ago and 24 percent in Q1. The company moved to a net profit of USD 361 million from a loss of USD 63 million in Q1 2015. As reported earlier this month, T-Mobile US added 2.1 million net new customers in the second quarter, 41 percent more than in the year-earlier period, taking the total to 58.9 million. The strong growth led to another increase in its full-year forecast for branded postpaid net adds, to 3.9 million from 3.4 million. T-Mobile maintained its target for adjusted EBITDA at USD 6.8-7.2 billion and USD 4.4-4.7 billion in cash capex this year, but this excludes any impact from its recently launched JUMP! On Demand phone swap offer.
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Bunge quarterly profit misses forecasts on lower agribusiness results
2015-07-30 13:12:10| Agriculture - Topix.net
Bunge Ltd, one of the world's largest agricultural commodities traders, reported a lower quarterly profit on weak year-on-year returns in its agribusiness segment and poor food and ingredients margins. The White Plains, New York-based company reported a net second-quarter profit of $72 million, or 50 cents share, compared with $272 million, or $1.81 a share, a year earlier.
Tags: results
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Nokia grows quarterly profit 50%
2015-07-30 09:07:00| Telecompaper Headlines
(Telecompaper) Nokia reported second-quarter sales up 9 percent year-on-year to EUR 3.2 billion. Revenue growth came across its activities, with the Networks business up 6 percent, Here growing 25 percent and the Technologies division up 31 percent. On a constant currency basis however, group revenues fell 1 percent. Adjusted operating profit showed a strong improvement of 51 percent to EUR 521 million, including growth of 11 percent at Nokia Networks to EUR 313 million. Adjusted EPS rose to EUR 0.09 from EUR 0.06 a year ago, and reported earnings moved to a profit of EUR 0.09 per share from a loss of EUR 0.01 a year ago. Profits benefited also from a one-time gain of EUR 110 million on the sale by Nokia's venture fund of a stake in Chinese company Ganji.com. Nokia said the telecom infrastructure market remained challenging and it was highly focused on reducing costs. The company maintained its outlook for the full year, for an increase in revenues at Nokia Networks and an adjusted operating margin around the midpoint of its long-term target range of 8-11 percent. Here is also expected to grow annual sales and reach a margin of 9-12 percent, and Nokia Technologies should post a full-year margin in line with the 58 percent achieved in Q2.
Tags: profit
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RBS reports 27% quarterly profit rise
2015-07-30 08:29:05| BBC News | Business | UK Edition
Royal Bank of Scotland reports a 27% increase in second-quarter profit after booking more mortgage business.
Tags: reports
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Nissan's quarterly profit rises 36 pct on cheap yen, US and Europe sales, sticks to forecasts
2015-07-29 14:05:01| Automakers - Topix.net
Nissan's April-June profit jumped 36 per cent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe. Nissan Motor Co., which makes the March subcompact, Leaf electric car and Infiniti luxury models, reported Wednesday a fiscal first quarter profit of 152.8 billion yen .
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