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Tag: profit returns
Ericsson returns to profit in Q1 as organic sales growth strengthens to 7%
2019-04-17 10:22:00| Telecompaper Headlines
(Telecompaper) Ericsson reported a further strengthening in sales growth in the first quarter, with revenues up 7 percent on an organic basis compared to 4 percent in the previous quarter, thanks to expansion in the North American market. The company returned to a net profit, of SEK 2.4 billion, versus a loss of SEK 0.7 billion in the year-earlier period.
New Look returns to profit in H1, sales continue to tumble
2018-11-06 13:14:00| Daily apparel & textile news and comment - from just-style.com
Following what one analyst called a "shocking" twelve months, UK-based fashion retailer New Look has returned to profitable sales in the first half of the year as its focus on cutting costs pays off.
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ZTE returns to profit in Q3 as business resumes after US ban
2018-10-25 15:28:00| Telecompaper Headlines
(Telecompaper) ZTE reported a return to net profit in the third quarter, ending the losses of the first half of the year from the US ban on business with the company. The Chinese company reported a net profit of CNY 564 million, on revenues of CNY 19.3 billion for the three months to September. ZTE said it also increased R&D investment to 17.9 percent of revenue, from 11.2 percent a year ago, equal to a total CNY 3.47 billion in spending.
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Lenovo returns to profit as quarterly sales grow 19%
2018-08-16 08:50:00| Telecompaper Headlines
(Telecompaper) Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger of its PC and mobile phone activities. Revenues rose 19 percent year-on-year to 11.91 billion, the gross margin increased to 13.7 percent from 13.6, and the net result improved to a profit of USD 85 million from a loss of USD 54 million a year ago.
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HTC returns to net profit in Q1 after asset sale to Google
2018-05-08 13:47:00| Telecompaper Headlines
(Telecompaper) HTC reported a return to net profit in the first quarter, of TWD 21.1 billion versus a loss of TWD 2.1 billion in the year-earlier period. The result was helped by a gain on the sale of assets to Google, completed at the end of January.