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Tag: profit returns
SWEDEN: KappAhl returns to FY profit after "good year"
2013-10-02 15:58:00| Daily apparel & textile news and comment - from just-style.com
Fashion chain KappAhl posted a strong recovery, returning to profitability and sales increases in both fourth quarter and full-year results.
Tags: good
year
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Germany's Merck KGaA returns to profit on stronger liquid crystal sales, lower one-time costs
2013-08-06 11:41:44| Biotech - Topix.net
German drug and high-tech materials company Merck KGaA says it made net profit of 316 million euros in the second quarter, bouncing back from losses a year ago.
Tags: sales
lower
costs
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Sony returns to profit on TV turnaround, weak yen
2013-08-01 02:00:00| Total Telecom industry news
Japanese vendor shipped 9.6 million smartphones during quarter.
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weak
Sony returns to profit, sees further growth in coming year
2013-05-09 08:58:00| Telecompaper Headlines
(Telecompaper) Sony reported results for its fiscal year to March 2013 in line with its recently revised forecast. Revenues rose 4.7 percent to JPY 6.801 trillion, and the operating result moved to a profit of JPY 230 billion from a loss of JPY 67.3 billion the previous year. The net profit totaled JPY 43 billion or JPY 40.19 per share, versus a loss of JPY 456.7 billion or JPY 455.03 per share a year ago. Sony benefited from the takeover of the Sony Ericsson mobile phone joint venture, restructuring at its TV business and the divestment of its small display and chemicals businesses and office buildings. The mobile business, which includes handsets and PCs, doubled sales to JPY 1.258 trillion thanks to the takeover. On a pro forma basis, sales were up 18 percent, as higher prices and volumes for smartphones helped offset lower computer sales. Sony sold 33.0 million smartphones during the fiscal year, up from 22.5 million the previous year. The division still posted an operating loss of JPY 97.2 billion, versus a profit of JPY 7.2 billion a year earlier when it booked a one-time gain on the mobile takeover. The weak PC market and forex effects weighed on results, as did an increase in restructuring charges. For the year to March 2014, Sony forecast an increase in revenues to JPY 7.50 trillion and stable operating profit, thanks to the weaker yen and improved electronics sales, including a "significant" increase in smartphones sales to around 42 million units. Net profit is expected to rise to around JPY 50 billion.
Tags: year
coming
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RIM returns to profit, sales still down 36%
2013-03-28 12:23:00| Telecompaper Headlines
(Telecompaper) Research In Motion reported a small improvement in results for its fiscal fourth quarter to 02 March, but has yet to see any major impact from the launch of BlackBerry 10. The annual decline in revenues slowed to 36 percent, from 47 percent in the previous quarter, for a total USD 2.7 billion. Shipments continued to decline, to 6 million Blackberry smartphones from 6.9 million in fiscal Q3, while sales of the PlayBook tablet rose to 370,000 from 255,000 in the previous quarter. RIM narrowed the operating loss to USD 18 million from USD 180 million a year earlier, as its gross margin improved to 40.1 percent from 33.5. The net result moved to a profit of USD 98 million or USD 0.19 per share, from a loss of USD 125 million or 24 cents a share a year ago. RIM said it is increasing marketing spending by 50 percent in fiscal Q1 compared to the previous quarter on the roll-out of the new BlackBerry Z10. This should be offset by the reduced operating cost base, more efficient supply chain and higher hardware margins, helping the company approach breakeven in the quarter, it said. RIM finished the year with USD 2.9 billion in cash, after operating cash flow of USD 219 million in Q4. The company also announced that co-founder and former CEO Mike Lazaridis is stepping down from the board from May, in order to work on his new venture Quantum Valley Investments.
Tags: sales
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