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11:42 Uzbekistani car sales to Russia drop down by 30% as ruble devalues - Minister

2014-11-27 08:51:16| Auto Dealers - Topix.net

The sale of cars, made by "GM Uzbekistan", in Russia sees drop by nearly 30 percent, said Minister of Foreign Economic Relations, Investments and Trade of Uzbekistan Elyor Ganiev during the meeting of the intergovernmental commission on economic cooperation between Uzbekistan and Russia on November 26. The reason for a slowdown in sales is "unfavorable situation in the Russian market" associated with the ruble devaluation, said the Minister. Following the meeting, the sides have signed a protocol, which tasked the relevant authorities of the two countries to organize bilateral consultations on related issues prior to May 1, 2015.

Tags: sales car drop russia

Maple Leaf Foods continues to post losses, sales drop after Canada Bread sale

2014-10-30 16:10:00| Food - Topix.net

A slimmed-down Maple leaf Foods Inc. is reporting losses at its continuing operations during the third quarter as it closes older plants, including one in New Brunswick, and shifts production to a newer operation in southern Ontario. Maple Leaf's net loss was $26.7 million or 19 cents per share, which was more than the $24.5 million or 18 cents per share in last year's third quarter.

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KPN sales drop 4.9%, EBITDA down 15% in Q3

2014-10-28 08:22:00| Telecompaper Headlines

(Telecompaper) KPN reported third-quarter sales down 4.9 percent to EUR 1.98 billion, hurt by mobile price pressure and continued weakness in the enterprise market. EBITDA fell 15 percent year-on-year to EUR 633 million, of which 3 percent of the drop came from ending its handset leasing offer. The net result was a loss of EUR 76 million, in part due to a writedown of the value of its option to buy out Reggefiber by EUR 114 million. The Dutch operator said it was satisfied with the results, with customers growing on the mobile market and more bundled services delivered to businesses. Customer satisfaction also appears to be improving, following the simplification of the group's service range. KPN left its outlook unchanged, for growth in free cash flow next year, thanks to lower interest charges and taxes. The company also targets a higher dividend next year, compared to this year's 7 cents per share. For the rest of this year, KPN targets a stabilisation in results. Capex is expected to reach EUR 1.4 billion in 2014 and EUR 1.5 billion next year. KPN said it plans to use part of the EUR 5 billion received from the sale of E-Plus to pay off EUR 2 billion in outstanding bonds. It will also increase its stake in Reggefiber and contribute EUR 200

Tags: in sales drop q3

SSI: Canadian Towable Sales Drop For Aug., YTD

2014-10-22 18:28:31| Mobile Homes - Topix.net

Editor's Note: The data for Canadian towable sales in August for the New Brunswick province was incomplete. To offer a fair comparison the New Brunswick totals for 2013 have also been removed.

Tags: sales aug drop canadian