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Sprint grows Q2 revenue to USD 8.88 billion
2013-07-30 09:22:00| Telecompaper Headlines
(Telecompaper) US mobile operator Sprint reported USD 8.88 billion of revenues in the second quarter, compared to USD 8.84 billion a year earlier. The company's operating loss widened to USD 874 million from USD 629 million in the second quarter of 2012. It recorded a pretax loss of USD 1.54 billion, versus USD 1.35 billion in the year-earlier quarter. Sprint Nextel made a USD 1.6 billion net loss in the second quarter (USD 0.53 loss per share), including approximately USD 430 million of depreciation and USD 623 million of non-cash charges related to the Nextel platform shutdown. Sprint had 53.38 million mobile customers at the end of June, including 30.45 million postpaid, 15.22 million prepaid and 7.71 million wholesale and affiliate subscribers. The Nextel platform was shut down on 30 June, with a postpaid Nextel recapture rate of 34 percent.
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Sina Q1 revenue grows, net loss narrows
2013-05-17 06:15:00| Telecompaper Headlines
(Telecompaper) Chinese internet company Sina reported first quarter net revenue of USD 126 million, an increase of 19 percent year-over-year. Advertising revenues grew 20 percent year-over-year to USD 94.3 million, within the company's guidance of USD 94-96 million. Non-advertising revenues for the first quarter increased 14 percent year-over-year to USD 31.7 million, primarily thanks to Weibo services, which included revenue share from web games and membership fees on the microblogging platform. Mobile value-added service revenues decreased 17 percent year-over-year to USD 15.9 million. Gross margin rose to 51 percent from 46 percent. Net loss attributable to Sina narrowed to USD 13.2 million or USD 0.20 per share from USD 13.7 million or USD 0.21 per share. As of 31 March, Sina's cash, cash equivalents and short-term investments totalled USD 681.9 million. Sina estimates that its non-GAAP net revenues for the second quarter will be between USD 143 million and USD 147 million, including advertising revenues of USD 117-119 million and non-GAAP non-advertising revenues of USD 26-28 million.
MTN grows FY revenue 10.9% to ZAR 135 bln
2013-03-06 08:57:00| Telecompaper Headlines
(Telecompaper) MTN Group reported revenue for 2012 up 10.9 percent to ZAR 135.1 billion, buoyed by solid organic growth in its home market South Africa (+7.1%). Although its largest market Nigeria had a difficult year (-0.8%), a number of operations continued to outperform, with strong organic revenue growth in Iran (+26.1%), Ghana (+21.3%), Uganda (+16.2%), Sudan (+28.3%) and Ivory Coast (+17.0%). Group subscribers increased 15.1 percent to 189.3 million at year-end. MTN's EBITDA rose 7.0 percent to ZAR 58.6 billion, helped by one-time profits on tower sales. Group depreciation increased by 11.8 percent and amortisation rose 10.3 percent after increased investment, limiting the rise in EPS to 0.6 percent at ZAR 11.26. HEPS rose 1.9 percent to ZAR 10.89, with growth held back by negative forex effects. MTN increased capex by 69.9 percent last year to ZAR 30.10 billion, which includes some equipment pre-ordered for roll-out this year. The company increased its annual dividend 10 percent to ZAR 5.03 per share and said it aims for a 5-15 percent increase in annual dividends in the coming three-year period. MTN said it expects continued organic growth in both revenue and EBITDA in 2013 and anticipates reaching 200 million subscribers by mid-year. Net subscriber additions for the full year are estimated at 21.0 million. The Nigerian operations are expected to recover in the course of this year, and this together with a lower tax rate and the benefits of network investment in 2012 should support growth in reported earnings.
American Airlines revenue miles rise, Latin America unit grows
2013-01-10 20:08:46| Airlines - Topix.net
AMR Corp. , the parent of American Airlines and American Eagle, has reported that passenger revenue miles increased 2.1 percent to 11.3 million in December.
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