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Sina posts Q2 net loss while revenues grow 20%
2013-08-13 03:28:00| Telecompaper Headlines
(Telecompaper) Chinese internet company Sina grew net revenues 20 percent in the second quarter to USD 157.5 million from USD 131.6 million in the year-ago quarter. Advertising revenues were USD 120.6 million, up 17 percent year-on-year, and non-advertising revenues grew 30 percent to USD 36.9 million. Sina posted a net loss of USD 11.5 million, as the period included a one-off charge of USD 27.1 million in connection with the investment from Alibaba in Weibo. In Q2 2012, Sina posted a net income of USD 33.2 million. In April this year, Alibaba acquired an 18 percent stake in Sina's microblogging service Weibo for USD 586 million.
Sun Pharma Q1 net loss at Rs 1,276.10 cr on patent settlement
2013-08-10 05:25:39| Chemicals - Topix.net
Hit by patent litigation settlement, drug firm Sun Pharmaceutical Industries today reported a consolidated net loss of Rs 1,276.10 crore for the first quarter ended June 30, 2013.
FelCor Reports Q2 2013 Net Loss of $28.3M, RevPAR Rose 5.7%; In Process to Sell 5 Hotels for $120M
2013-08-02 15:05:16| Real Estate - Topix.net
Entered into contracts to sell three hotels and are negotiating to sell two others.
Sprint reports $1.6B net loss as it shuts down Nextel platform
2013-07-30 13:36:55| InfoWorld: Top News
Sprint Nextel made a net loss of $1.6 billion for the second quarter, swollen by the cost of shutting down its Nextel wireless network, but the company is more optimistic about future profitability. The net loss was 16 percent higher than the $1.37 billion reported a year earlier, and included a $430 million charge for accelerated depreciation of Nextel network assets, and $623 million of other charges related to the network shutdown. Revenue totalled $8.88 billion, almost unchanged from a year earlier.
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FRANCE: Lafuma to axe 161 jobs amid net loss of EUR60m
2013-06-19 17:03:00| Daily apparel & textile news and comment - from just-style.com
Outdoor clothing and equipment firm Lafuma is to cut 161 posts in France amid a first-half net loss of EUR60m.
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