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Tag: q3
Maple Leaf Foods losses continue as restructuring expenses climb in Q3
2014-11-02 23:46:27| Food - Topix.net
Maple Leaf Foods says the cost of closing down some of its older plants, including one in New Brunswick, and shifting production to a new facility in Hamilton, Ont., ate into its profits in the latest quarter. The Toronto-based meat processor reported a net loss of $26.7 million or 19 cents per share in the three-months ended Sept.
Tags: continue
expenses
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foods
Boston Beer Co's YTD profits surge on strong Q3
2014-10-31 12:06:00| Daily beverage news and comment - from just-drinks.com
Boston Beer Co has posted a strong jump in YTD sales and profits after third-quarter performance benefited from new product launches.
Bharti Airtel revenues lift over 7% to INR 228.4 bln in Q3
2014-10-31 11:12:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues for its fiscal second quarter up 7.1 percent year-on-year to INR 228.4 billion. Growth was driven by a 66.7 percent increase in mobile data revenues to INR 25.4 billion, as well as a 8.4 percent rise in the number of customers which crossed the 300 million mark to 303.7 million. EBITDA for the three months to September rose 12.1 percent to INR 77.0 billion, giving a margin up 1.5 percent to 33.7 percent. The net profit lifted 170.2 percent to INR 13.8 billion, the company's highest quarterly profit since March 2011, boosted by improved operational efficiency, lower forex and derivative losses, and higher MTM losses on investment in the corresponding quarter last year. Operating cash flow fell 16 percent to INR 39.7 billion. Airtel reported revenues for mobile services in its home market India up 9.5 percent to INR 211.7 billion. Mobile Data revenue reached INR 18.0 billion, pulled up sharply by a 43 percent increase in the data customer base and higher usage per customer (+31.2%). Elsewhere in south Asia, revenues for mobile services slipped 8.0 percent. In Africa, revenues grew by 6.4 percent in local currency terms, but the USD appreciation depressed the reported growth to 1.9 percent year-on-year. Data revenues lifted 56.8 percent to USD 115 million, led by increase in the data customer base by 50.4 percent and higher usage per customer by 24.5 percent. Data revenues contributed 10.1 percent of overall Africa revenues, compared to 6.6 percent last year. The number of active Airtel Money customers rose to 5.3 million with the total value of transactions on the Airtel money platform crossing USD 3.3 billion.
Anheuser-Busch InBev YTD profits rise, but Russia drags on Q3
2014-10-31 09:40:00| Daily beverage news and comment - from just-drinks.com
Anheuser-Busch InBev has reported a solid rise in nine-month net profits and sales, but third-quarter volumes were held back by Russia.
Alcatel-Lucent improves margin, sales still lower in Q3
2014-10-30 08:34:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent reported third-quarter revenues down 5.9 percent year-on-year to EUR 3.254 billion, as growth in the Asian LTE market was offset by weaker managed services in Europe and slower equipment sales in North America. The company's adjusted operating profit still improved, to EUR 170 million from EUR 113 million a year ago, on ongoing cost cuts in the 'Shift Plan'. Alcatel cut costs by EUR 73 million in Q3, for cumulative savings of EUR 645 million. SG&A expenses were notably down 13.6 percent compared to Q3 2013. The company still recorded a net loss of EUR 18 million, versus a loss of EUR 200 million a year ago, and operating cash flow was a negative EUR 61 million versus a positive 38 million a year earlier. Excluding restructuring charges, Alcatel managed EUR 1 million in free cash flow, and the company said it still expects to return to recurring free cash flow in 2015. CEO Michel Combes said Alcatel had entered the second chapter of the Shift Plan and would now focus on innovation to drive growth.
Tags: sales
lower
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improves
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