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Tag: profit
Shell Reins In Share Buybacks After Profit Halves
2020-01-30 14:25:20| OGI
Shares of the world's biggest oil and gas companies have struggled in recent years, caught between an unsteady recovery in oil prices and growing investor concerns about the future of the sector.
Tags: share
profit
shell
halves
H&M in leadership shake-up as FY profit rises
2020-01-30 12:36:00| Daily apparel & textile news and comment - from just-style.com
Increased full-price sales and decreased markdowns have contributed to a rise in both annual and fourth-quarter profit for Swedish apparel retailer H&M amid a leadership shakeup that sees Karl-Johan Persson step down as CEO as his father Stefan proposes he take over as chairman.
Tags: profit
leadership
rises
shakeup
Facebook grows profit 7% in Q4 after sharp rise in operating costs, taxes
2020-01-29 22:52:00| Telecompaper Headlines
(Telecompaper) Facebook reported a stronger increase in costs than revenue in the fourth quarter, leading to a slowdown in its profit growth. Revenues were up 25 percent to USD 21.1 billion, while operating costs jumped 34 percent to USD 12.2 billion. Along with a sharp increase in taxes, net profit rose just 7 percent, to USD 7.3 billion or USD 2.56 per share.
Tags: costs
operating
rise
profit
Telenor offers higher dividend after drop in profit in 2019, sees return to underlying EBITDA growth in 2020
2020-01-29 08:52:00| Telecompaper Headlines
(Telecompaper) Telenor has increased its dividend by 4 percent to NOK 8.7 per share, despite a drop in net profit over the past year due to divestments and provisions. Cash flow also turned negative after the acquisition of DNA in Finland. Underlying EBITDA fell 2.6 percent, in line with its outlook, and Telenor said it aims to return the figure to growth of 2-4 percent in the new year. Organic revenue growth is estimated flat to 2 percent higher this year, after a 1.2 percent rise in 2019.
Lenzing FY profit falls as firm writes off US engineering costs
2020-01-28 13:15:00| Daily apparel & textile news and comment - from just-style.com
Austrian cellulosic fibre producer Lenzing has reported a drop in its preliminary 2019 figures with both earnings and revenue affected by lower selling prices for standard viscose and the write-off of engineering costs related to its mothballed US lyocell expansion project.
Tags: us
costs
firm
engineering
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