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MegaFon posts net profit growth, but marketing spend hits OIBDA
2015-10-29 01:00:00| Total Telecom industry news
Russian operator reverses declines in some key metrics but warns macroeconomic climate will remain challenging.
Tags: net
posts
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growth
Statoil posts Q3 loss, continues to feel sting of low oil prices
2015-10-28 13:11:15| Oil & Gas - Topix.net
Norwegian oil and gas company Statoil posted a loss in the third quarter despite attempts to slash costs amid declining oil prices. The state-controlled company posted a net loss Wednesday of 2.8 billion kroner in the July-September period, compared with a loss of 4.7 billion kronor in the same quarter last year.
Nintendo posts quarterly profit, operating income returns to black on video game sales
2015-10-28 12:25:35| Electronics - Topix.net
Nintendo Co. posted a 3.17 billion yen profit for the fiscal second quarter, buoyed by sales growth of portable video game machines and software titles.
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.
Carpenter Technology (CRS) Posts Earnings Results, Misses Expectations By $0.04 EPS
2015-10-26 21:52:43| Steel - Topix.net
Carpenter Technology posted its earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by $0.04, Market Beat reports.
Tags: results
technology
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