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Tag: writedown
Willamette Valley Vineyards write-down sinks YTD profits growth
2015-11-13 13:44:00| Daily beverage news and comment - from just-drinks.com
Willamette Valley Vineyards' nine-month profits dropped slightly after a Q3 write-down hit the bottom line.
Tags: growth
valley
profits
sinks
Low oil and gas prices lead to big writedown at Chesapeake Energy
2015-11-04 22:32:47| Energy - Topix.net
Chesapeake Energy performed better than analysts expected during the third quarter even as a $5.4 billion writedown wiped out its profits and the sustained drop in energy prices means more writedowns are coming. Chesapeake posted a net loss of $4.7 billion, or $7.08 a share, compared with a profit of $662 million, or 26 cents, a year earlier, the Oklahoma City-based company said Wednesday.
Telenor posts Q3 net loss on Vimpelcom writedown
2015-10-28 08:57:00| Telecompaper Headlines
(Telecompaper) Telenor reported a loss of NOK 1.77 billion for the third quarter, hurt by a writedown on its stake in Vimpelcom which is up for sale. In the year-earlier period, the company had a profit of NOK 2.59 billion. Revenues increased to NOK 31.84 billion in Q3 from NOK 27.69 billion a year ago and were up 4.5 percent on an organic basis. Adjusted EBITDA rose to NOK 11.85 billion from NOK 10.26 billion, with the margin little changed at 37.2 percent. Telenor said it showed strong results in the Norwegian mobile market, continued expansion in Myanmar and promising growth trends in Pakistan, Bangladesh, Sweden and Hungary. However, it faced intense competition impacting performance in Thailand, Malaysia and Denmark. In Denmark, the group is still reviewing its strategic options after the proposed merger with Telia was blocked by regulators. The inclusion of the Danish operations led to a change in Telenor's outlook for the full year. It now expects an EBITDA margin of 34-35 percent for 2015, at the low end of its earlier guidance of 34-36 percent. Organic sales growth is expected at around 5 percent over the full year, after 5.7 percent in the first nine months of the year.
Pernod Ricard Hit by Absolut Write-Down
2015-08-27 11:20:53| Beverages - Topix.net
Pernod Ricard SA, the world's second-largest liquor group, said Thursday that its fiscal full-year profit fell 15% as the company took a hefty write down on its flagship Absolut vodka brand.
Tags: hit
absolut
ricard
pernod
Chesapeake takes $4 bln writedown on low oil price
2015-08-06 04:11:46| Oil & Gas - Topix.net
Chesapeake Energy Corp. posted a deep loss in the second quarter as the U.S. shale driller took a $4.02 billion write-down on some properties following tumbling energy prices. "While we strive to remain flexible in the face of lower commodity prices, we continue to focus on driving our costs lower," said Doug Lawler, Chesapeake's chief executive.
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