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Disney focuses on streaming as it falls to a loss
2020-08-05 00:53:26| BBC News | Business | UK Edition
The giant firm will launch a new streaming site as it battles the effects of the coronavirus crisis.
Ooredoo Group revenue falls 7% in Q2
2020-07-29 08:58:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group said its revenue for the second quarter decreased by 7 percent to QAR 6.82 billion, and EBITDA dropped 6 percent to QAR 2.97 billion. Net profit however increased by 3 percent to QAR 432 million compared to QAR 421 million in 2019.
KPN maintains outlook as underlying revenue falls 3% in Q2
2020-07-27 08:56:00| Telecompaper Headlines
(Telecompaper) Dutch operator KPN reported a drop of 3.0 percent in underlying revenues in the second quarter, to EUR 1.29 billion. Including divestments, sales were down 4.9 percent. The coronavirus crisis impacted roaming revenues and the B2B segment, while personnel costs and investments also were down slightly. KPN said the customer base, both in fixed and mobile, was showing the first signs of bottoming out, after several quarters of decline.
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Ooredoo Kuwait revenue falls 5% in H1, customer base down 3%
2020-07-23 09:38:00| Telecompaper Headlines
(Telecompaper) Ooredoo Kuwait said that revenues decreased by 5 percent to KWD 294.1 million in the first six months to 30 June from KWD 310.4 million a year earlier. Revenues in Kuwaiti dinars were hit by lower sales in Kuwait, substantial support for local customers free of charge, a decrease in Algerian revenue mainly due to the weak economic environment, currency devaluation, price competition and the impact of Covid-19 and related business limitations in all operations.
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Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs
2020-07-23 08:50:00| Telecompaper Headlines
(Telecompaper) Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period.
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