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Aeffe returns to YTD profit despite revenue dip

2014-11-12 13:45:00| Daily apparel & textile news and comment - from just-style.com

Luxury goods business Aeffe, owner of the Moschino and Alberta Ferretti brands, returned to profit in the nine months to the end of September, despite a slight dip in sales.

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HONG KONG: Esprit returns to FY profit as business stabilises

2014-09-23 14:41:00| Daily apparel & textile news and comment - from just-style.com

Hong Kong-listed fashion brand Esprit has turned a corner on its road to recovery, with a return to full-year profit thanks to stabilising sales, reduced costs and improved inventory levels.

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CNBC's the Profit Returns 10/14

2014-09-15 23:51:05| Mobile Homes - Topix.net

Today, CNBC reveals the small businesses that will be featured on new episodes of "The Profit" premiering Tuesday, October 14 at 10pm ET/PT. The ten original hour-long episodes, including a special update episode, follow self-made millionaire and serial entrepreneur Marcus Lemonis as he saves struggling businesses while investing his own cash in the process.

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AIB returns to profit after bail out

2014-07-30 10:49:45| BBC News | Business | UK Edition

Allied Irish Bank (AIB), the parent firm of Northern Ireland's First Trust bank, returns to profit for the first time since the financial crash.

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LG mobile returns to profit on strong LTE smartphone sales

2014-07-24 08:54:00| Telecompaper Headlines

(Telecompaper) LG Electronics restored its mobile business to profit in the second quarter, helped by strong demand for its LTE smartphones. Mobile sales were up 16 percent from a year earlier and 6 percent higher versus Q1 at KRW 3.6 trillion. The operating margin rose to a positive 2.4 percent after three quarters of losses. LG said it shipped 14.5 million smartphones in the quarter, up 20 percent year-on-year and 18 percent more than the previous quarter. LTE shipments more than doubled year-on-year, driven by the launch of the flagship G3 and more mass-market models. LG also reported a strong quarter in North America, where shipments rose 39 percent on a sequential basis, and in its home market Korea, where shipments increased 17 percent on the same basis. The company said the return to profit was due to the increased sales volume, cost controls and a better product mix, with an increased share of sales from the G and L series phones. LG expects LTE to lead the market growth going forward, but price competition will intensify, both in the premium and mass-market segments. The company plans to strengthen its line-up with additional G3 variations and more mass-market phones in the L series. LG's other divisions reported flat to lower sales in the quarter, leading to only a 0.9 percent rise in group sales to KRW 15.37 trillion. Operating profit improved to KRW 606 billion from 479 million a year ago, and net profit rose to KRW 412 million from 156 million. 

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