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Kellogg returns to profit in 4Q, revenue dips

2014-02-06 15:53:57| Agriculture - Topix.net

Battle Creek -- Kellogg is profitable again this fourth quarter, buoyed by the repricing of some assets based on market conditions.

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ZTE returns to FY profit after strong Q4

2014-01-20 12:01:00| Telecompaper Headlines

(Telecompaper) ZTE reported a sharp improvement in profitability for the fourth quarter and full year. The Chinese equipment maker said it expects to report an annual profit of CNY 1.2-1.5 billion for 2013, compared to a loss of CNY 2.84 billion in 2012. It earlier reported a profit of CNY 552 million for the first nine months of the year. The company said it implemented stringent cost controls and exited low-margin businesses last year in order to return to profit and boost cash flow. Sales, administrative and research and development expenses all were reduced compared to a year earlier. In addition to winning key 4G contracts in its home market, ZTE expanded its market share in smartphones in key markets such as Spain and South Africa. It said it plans a further focus on 4G development and new products in 2014.

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ZTE returns to profit, sales still down 10%

2013-10-22 15:01:00| Telecompaper Headlines

(Telecompaper) ZTE said it has returned to a net profit, helped by cost reductions, a greater focus on margins and extraordinary gains. The Chinese equipment maker recorded a net profit of CNY 552 million in the first nine months of the year, in line with its forecast of CNY 500-700 million. It said net profit was also positive in Q3, after unspecified extraordinary items. It expects to return to a full-year profit, after a loss of CNY 2.84 billion last year. Revenues were still down 10 percent in the nine-month period to CNY 54.66 billion, amid sluggish spending by most operators and a delay to 4G licences in China. The company noted that the timing of 4G contracts in China is still a risk to its full-year outlook.

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