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LG suffers Q1 loss in mobile business as sales fall
2016-04-28 08:59:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported a strong improvement in first-quarter profits, as losses in its mobile phone business were offset by growth in consumer electronics and home appliances. Operating profit rose 65.5 percent year-on-year to KRW 505.2 billion (USD 420.25 million), and net profit increased to KRW 198.1 billion from a loss of KRW 140.5 billion a year ago. Revenues were still down 4.5 percent to KRW 13.99 trillion. At the mobile division, sales were down 15.5 percent year-on-year and 19.3 percent lower versus Q4 at KRW 2.963 trillion. The operating result moved to a loss of KRW 202.2 billion from a profit of KRW 56.8 billion a year ago. LG shipped 13.5 million smartphones in the quarter, down 12 percent year-on-year and sequentially.
Tags: business
sales
mobile
fall
Japan's beer market suffers as Kirin Brewery shipments slump - report
2016-04-13 18:08:08| Daily beverage news and comment - from just-drinks.com
A sharp decline in domestic sales for Kirin Brewery dragged down the Japanese beer market in the first quarter of the year as rival brewers posted growth, according to a report.
Tags: report
market
beer
suffers
Oil Search CEO suffers $US1m pay cut
2016-04-08 08:18:01| Energy - Topix.net
Oil Search boss Peter Botten's annual pay packet has slimmed by about $US1 million as the company swung to an annual loss in 2015 amid plunging oil prices. The managing director of the operator of the massive Papua New Guinea LNG project received remuneration worth $US4.69 million in 2015, down from $US5.7 million in 2014, the company's annual report shows.
Oil Search CEO suffers $US1m pay cut
2016-04-08 04:16:43| Oil & Gas - Topix.net
Oil Search boss Peter Botten's annual pay packet has slimmed by about $US1 million as the company swung to an annual loss in 2015 amid plunging oil prices. The managing director of the operator of the massive Papua New Guinea LNG project received remuneration worth $US4.69 million in 2015, down from $US5.7 million in 2014, the company's annual report shows.
Argentinas Shale Capital Suffers from Slowdown
2016-03-19 00:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: The dizzying growth of Aelo, a town in southwest Argentina, driven by the production of shale oil and gas in the Vaca Muerta geological reserve, has slowed down due to the plunge in global oil prices, which has put a curb on local development and is threatening investment and employment. Vaca Muerta, a 30,000-sq-km geological reserve rich in unconventional fossil fuels in the province of Neuquén, began to be exploited in mid-2013 by the state-run oil company Yacimientos Petroliferos Fiscales...
Tags: capital
suffers
slowdown
argentinas
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