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Xiaomi revenue growth slows to 14% in Q1, margins improve on growing ASP
2020-05-20 14:52:00| Telecompaper Headlines
(Telecompaper) Xiaomi reported slower revenue growth in the first quarter, with sales up 13.6 percent to CNY 49.7 billion. While volumes slowed due to the coronavirus outbreak, the company managed to improve its average selling price thanks a greater focus on premium 5G models and continued expansion in Europe. Gross profit jumped 44.9 percent to CNY 7.56 billion, and adjusted net profit increased 10.6 percent to CNY 10.3 billion.
Tags: asp
improve
growth
growing
Covid-19 weighs on cotton prices as clothing spend slows
2020-05-14 13:18:00| Daily apparel & textile news and comment - from just-style.com
Despite the effects of Covid-19 on the global economy, cotton prices made some gains over the last month, but with clothing spend down the outlook for pricing is uncertain, new figures show.
Tags: prices
clothing
spend
cotton
Tencent lifts revenues in Q1 but profit growth slows amid pandemic
2020-05-13 14:45:00| Telecompaper Headlines
(Telecompaper) Tencent reported higher revenues for the first quarter, but also a slower profit growth as it faced headwinds caused by the coronavirus pandemic. The company said it allocated CNY 2 billion worth of donations to covid-19 relief initiatives in China and globally. Looking ahead, the company expects in-game consumption activities to normalise as people return to work. It also sees some headwinds in the online advertising industry.
Tags: growth
profit
revenues
amid
Oil Posts Double-digit Gains after US Crude Storage Build Slows
2020-04-29 21:30:00| OGI
U.S. WTI crude futures settled at $15.06/bbl, jumping $2.72, or 22%. Brent crude futures settled at $22.54/bbl, up $2.08, or 10.2%.
Google revenue growth slows to 13% in Q1 on drop in ad spending
2020-04-29 08:30:00| Telecompaper Headlines
(Telecompaper) Google's parent company Alphabet reported a slowdown in first-quarter revenue growth, as the Covid-19 pandemic led to a drop in advertising on the search engine from March. Revenues rose 13 percent year-on-year to USD 41.2 billion, down from 17 percent annual growth a year earlier and in Q4. Google confirmed it would slow hiring and capex in response to the weaker economic climate.