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Axiata Group revenue up nearly 13%, profit plunges 63%

2016-08-25 11:00:00| Telecompaper Headlines

(Telecompaper) Asian operator Axiata Group reported second-quarter revenue of MYR 5.3 billion, which represents an increase of 12.8 percent year-on-year. Revenue growth was mainly boosted by the consolidation of revenue from Nepal in the second quarter of 2016, and higher revenues in Sri Lanka, coupled with a positive translation impact. At constant currency, Group revenue registered an increase of 8.6 percent. EBITDA jumped 20.4 percent year-on-year to MYR 2.1 billion, and margin increased by 2.5 percentage points to 38.9 percent at 30 June 2016.

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VF Corp cuts guidance as Q2 profit plunges 70%

2016-07-22 16:55:00| Daily apparel & textile news and comment - from just-style.com

US apparel giant VF Corporation, owner of the North Face, Lee and Timberland brands, has lowered its revenue guidance for the year amid a "challenging environment" in the second quarter.

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Brexit plunges UK economy to worst level since 2009, data suggests

2016-07-22 11:41:41| BBC News | Business | UK Edition

Data compiled from business questionnaires in July shows UK economic activity fell to its lowest level since 2009, the aftermath of the financial crisis.

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Despite Population Growth, Federal Spending On Water Utility Projects Plunges

2016-06-03 05:52:48| publicworks Home Page

The federal government has steadily backed away from its role in funding water infrastructure, but policymakers are considering a variety of innovative ways to make federal money available for local water projects without the need for direct federal spending.

Tags: water growth projects federal

 

HTC sales crater year-over-year as company revenue plunges 64 percent

2016-05-09 19:35:59| Extremetech

HTC's revenue and profits both cratered in Q1 2016, but recent launches like the Vive and HTC 10 aren't included in these results. We won't know how much either product can shift the needle until next quarter.

Tags: company sales percent revenue

 

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