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Tag: writedown
Writedown Risk Means Japan Trading Houses to Depend on Dividends
2015-04-26 19:12:25| Grocery - Topix.net
Japan's top five trading houses have announced more than $4.8 billion in asset writedowns, or about half the net income the firms expect to report for last year. And that's probably not the end of it.
Tags: means
japan
risk
trading
Telefonica Quarterly Profit Slides After Venezuela Writedown
2015-02-25 12:25:19| Paper - Topix.net
Operating income fell 36 percent to 3.19 billion euros stripping out interest, depreciation and amortization, the Madrid-based carrier said Wednesday. Venezuela accounted for 915 million euros of the decline, as Telefonica cut the value of its assets there by 2.8 billion euros after switching to a lower exchange rate.
Tags: profit
venezuela
quarterly
slides
Telefonica in 2.84bn Venezuela writedown
2015-02-17 01:00:00| Total Telecom industry news
Spanish incumbent switches to lower bolivar exchange rate, resulting in lower operating, net profit from local unit.
Tags: venezuela
telefonica
writedown
VF Takes $396 Million Brand Write-Down
2015-02-13 16:16:11| Apparel - Topix.net
VF Corp. said its fourth-quarter profit plunged 67% as it booked a write-down on the value of some of its brands, while the maker of North Face apparel also gave a soft outlook for 2015 amid foreign-currency effects. VF said it expects its per-share earnings to grow 4% in 2015 on 3% revenue growth.
Tags: brand
million
takes
writedown
Sprint losses double in Q4 after brand writedown
2015-02-05 14:40:00| Telecompaper Headlines
(Telecompaper) US operator Sprint reported an operating loss of USD 2.54 billion for the fourth quarter, hurt by impairment charges to write down the value of its brand name and wireline assets. The net loss widen to USD 2.38 billion from USD 1.04 billion a year earlier. The operator's adjusted EBITDA fell by 10 percent year-on-year to USD 1.04 billion, as its turnaround efforts have yet to pay off in the mobile market. Revenues fell 2 percent to USD 8.97 billion, as growth in hardware sales offset a continued fall in mobile service revenues. Sprint managed a net gain of 30,000 postpaid customers in the quarter, but postpaid churn continued to increase as well, to 2.30 percent under the Sprint brand from 2.18 percent in the third quarter. Postpaid ARPU also declined due to intense promotional activity, dropping to USD 58.90 from USD 60.58 in the previous quarter. Sprint also added 410,000 prepaid users and 527,000 wholesale Sims in Q4, to finish the year with a total 55.93 million customers, up from 53.35 million a year earlier. Sprint CEO Marcelo Claure said the company was pleased with the higher sales and improving mix of the customer base, but it "still had a long way to go" to turning around results and especially reducing churn to competitive levels.
Tags: brand
double
losses
sprint
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