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Tag: investment
Millicom Q4 profits fall on investment, acquisition costs
2013-02-12 09:23:00| Telecompaper Headlines
(Telecompaper) Africa and Latin America mobile operator Millicom reported a drop in fourth-quarter net profit to USD 155 million from USD 188 million a year earlier, hurt by costs for acquisitions and investments. EBITDA declined to USD 528 million from USD 536 million, while revenues still rose to USD 1.27 billion from USD 1.18 billion a year ago, helped by the acquisition of Cablevision in Paraguay. Revenues were up 6.4 percent year-on-year excluding currency effects and Cablevision. Over the full year, capex rose to USD 922 million from USD 825 million in 2011, while operating free cash flow dipped to USD 1.13 billion from USD 1.22 billion. The EBITDA margin declined by 2.9 percentage points to 43.2 percent in 2012, excluding the Online activities, and met the company's guidance. Millicom, which operates under the name Tigo, said it expects a smaller drop in the margin this year, and the figure should remain over 40 percent, while capex should peak at around 20 percent of sales. Both forecasts exclude the online division. The company said it's increasing its focus on costs and capex avoidance to adjust to the slowing growth in voice revenues. In 2013, the focus will be on growing revenues from mobile data, m-payment services, the cable operations and the online activities with Rocket Internet.
Tags: fall
costs
investment
acquisition
Danville real estate investment executive charged with trying to defraud bank of $1.2 million
2013-02-12 02:20:19| Real Estate - Topix.net
A Danville man has been charged with five felonies in connection with a scheme to stop the foreclosure of his home by defrauding Wells Fargo & Co.
Tags: real
estate
million
bank
Heathrow Airport plans 3bn infrastructure investment
2013-02-12 01:00:00| Airport Technology
Heathrow is planning to invest 3bn to complete it's new Terminal 2, construct taxiways and refurbish the baggage system.
Tags: plans
investment
airport
infrastructure
Climate change influences investment risk
2013-02-10 06:43:00| Climate Ark Climate Change & Global Warming Newsfeed
Financial Times: For more than a decade, investors have been asking companies to detail their climate risks through initiatives such as the Carbon Disclosure Project, but until now, no one has asked these investors about their own exposure to these risks and they have certainly not volunteered the information. A new project has asked more than 1,000 of the worlds biggest asset owners to say what their exposure is to climate risks and what they are doing about it. Julian Poulter, executive director of the Asset...
Tags: change
risk
investment
climate
Real Estate Investment Trust Offers Alternative Financing
2013-02-08 17:45:00| OGI
Benefits of REITs can be extended to the energy sector.
Tags: real
estate
offers
alternative
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