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Airtel net profit falls 73.5% in June quarter on continued price war in India

2018-07-27 08:28:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported net profit for its fiscal first quarter to June down 73.5 percent to INR 973 million, hurt by the continued price war in the Indian mobile market. Revenues fell 8.6 percent to INR 200.8 billion, as the acquisition of Telenor India could not offset the price pressure and cuts to termination rates. Excluding regulatory effects and divestments, Airtel said revenues were up 2.3 percent. EBITDA dropped 12.6 percent to INR 68.37 billion, and the margin fell to 34.0 percent from 35.6 percent a year ago.

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Qualcomm quarterly profit falls 90% on Apple woes, competition fine

2017-11-01 23:07:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported net profit down 89 percent year-on-year in its fiscal fourth quarter to September to USD 0.2 billion or USD 0.11 per share. The company's profits were hit by Apple and another customer withholding licence fees due to legal disputes with Qualcomm. 

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Alphabet profit falls in Q2 after USD 2.7 bln fine from EU

2017-07-24 23:15:00| Telecompaper Headlines

(Telecompaper) Alphabet, the parent company of Google, reported a drop in second-quarter net profit, hurt by the competition fine of USD 2.7 billion imposed on the company by the European Commission. In a rare occurrence for the company since it went public, net profit fell to USD 3.524 billion or USD 5.01 per share from USD 4.877 billion or USD 7.00 per share a year earlier. Excluding the fine, net profit was still up, at USD 6.260 billion, according to adjusted figures presented by Alphabet.

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HSBC profit falls 86% on Brazil disposal

2016-11-07 07:50:24| BBC News | Business | UK Edition

HSBC's pre-tax profits fall sharply in the the third quarter to $843m (678m) from $6.1bn a year ago.

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Ooredoo Q3 net profit falls 51% on forex losses

2016-10-31 09:38:00| Telecompaper Headlines

(Telecompaper) Qatar-based Ooredoo Group reported third-quarter revenues up 2 percent year-on-year to QAR 8.352 billion, and EBITDA rose 3 percent to QAR 3.678 billion. The company's net profit was still down 51 percent from a year earlier to QAR 370 million, due to foreign exchange losses. Ooredoo attributed the growth in underlying results to strong growth in data revenues, which reached 39 percent of group revenues, and expansion in the enterprise market, which accounted for 17 percent of revenues. In addition, the customer base grew 16 percent year-on-year to 166 million at the end of September.

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