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INDIA: Reliance Retail posts strong Q1 sales growth
2013-07-22 16:35:00| Daily apparel & textile news and comment - from just-style.com
Reliance Retail, the retail arm of industrial conglomerate Reliance Industries, has reported strong first-quarter sales growth despite the challenging macroeconomic environment.
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TeliaSonera posts small rise in organic sales, profit lower
2013-07-17 08:59:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported a small drop in profits for the second quarter, but returned to organic revenue growth. Net sales in local currencies, excluding acquisitions and disposals, increased 0.4 percent, and EBITDA on an organic basis was up 3.3 percent. In reported currency, sales decreased 3.9 percent to SEK 25.274 billion, and EBITDA was down 1.2 percent to SEK 8.928 billion. The EBITDA margin improved to 35.3 percent from 34.4 a year ago thanks to cost reductions. Net income fell 16.9 percent to SEK 4.031 billion, while free cash flow rose to SEK 4.462 billion from SEK 3.062 billion. TeliaSonera reiterated its full-year outlook, for flat sales on an organic basis, an EBITDA margin slightly higher than last year's 34.5 percent and capex at 14 percent of sales. The latter is expected to accelerate in the second half of the year, after 11.9 percent in H1, and TeliaSonera said it will continue to invest in 4G and mobile coverage as well as target fibre acquisitions to meet strong demand in Sweden for the faster services. The effects of the cost savings programme announced at the end of last year will also be visible in the second half, with much of the job cuts already completed. In total the operator targets EUR 2 billion in cost reductions by the end of 2014.
BMW posts record car sales for first half of 2013
2013-07-08 21:08:02| Auto Dealers - Topix.net
German car firm sold 954,521 vehicles, up 6% on same period last year, though sales of its Mini and Rolls-Royce marques fell The increase in BMW sales was driven by strong growth in China and the US.
UK: AG Barr posts 15-week sales rise ahead of merger ruling
2013-05-28 12:40:00| Daily beverage news and comment - from just-drinks.com
AG Barr has outpaced a sluggish soft drinks market and posted an increase in sales in the first 15 weeks of its financial year.
HONG KONG: Giordano posts Q1 sales growth
2013-05-16 16:12:00| Daily apparel & textile news and comment - from just-style.com
Apparel retailer Giordano International has posted a 6% increase in first-quarter sales, driven by increased demand in Hong Kong and South East Asia.
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