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Bharti Airtel improves margins as revenues rise 4%
2015-10-26 14:35:00| Telecompaper Headlines
(Telecompaper) Indian operator Bharti Airtel reported a continued increase in sales and profits for its fiscal second quarter, driven by strong demand for mobile data services. Revenues rose 4 percent year-on-year to INR 238.36 billion, and EBITDA was up 7 percent to INR 82.65 billion, helping the margin expand to 34.7 percent from 33.9 a year ago. Despite a doubling in financing costs, the sale of towers infrastructure helped the company still post a 10 percent rise in net profit to INR 15.23 billion. Capital expenditure jumped 35 percent to INR 50.34 billion on the expansion of 3G and 4G networks, leading to a 20 percent drop in operating cash flow to INR 32.31 billion.
Tags: rise
revenues
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margins
Oil prices rise ahead of US monetary policy meet
2015-10-26 01:00:00| Offshore Technology
Oil prices have increased as investors watch for the outcome of a two-day Fed meeting.
Profits at Volvo Rise Despite Drop in Truck Orders
2015-10-24 11:28:41| Appliances - Topix.net
Volvo AB said the krona's decline on currency markets helped boost third-quarter operating profit even as truck orders, a predictor for future sales, dropped 15%. Earnings excluding interest, taxes and costs related to restructuring surged 75% to 5.1 billion kronor , Gothenburg, Sweden-based Volvo said in a statement Oct. 23. Advance sales contracts for trucks declined to 42,648 vehicles, while orders for construction equipment dropped even more, falling 34% to 7,898 units.
Domestic beer, soft drinks sales rise after Denmark cuts taxes - figures
2015-10-24 10:45:00| Daily beverage news and comment - from just-drinks.com
The Danish government's decision to reduce beer excise duty two years ago, coupled with the halving and subsequent repealing last year a special tax on soft drinks, has boosted local sales in the sectors.
Truck maker Volvo sees earnings rise but new orders fall
2015-10-23 17:00:11| Automakers - Topix.net
Swedish truck maker AB Volvo says a weaker currency boosted its third quarter earnings but noted that intake for new truck orders fell 15 percent, mainly due to a slowdown in North and South America.
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