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Telefonica Q1 results fall on negative forex impact
2016-04-29 08:42:00| Telecompaper Headlines
(Telecompaper) Telefonica reported a drop in first-quarter results due to negative currency effects, but said its underlying growth rates were improving. Revenues fell 6.6 percent to EUR 10.784 billion, as growth in Spain was offset by lower results in Germany and Latin America. OIBDA declined 6.7 percent to EUR 3.376 billion, giving a dtable margin of 31.3 percent. Net profit fell 56.9 percent to EUR 776 million. Capital expenditure fell 10.6 percent to EUR 1.503 billion, and operating cash flow was down 3.3 percent to 1.873 billion.
Tags: results
fall
impact
negative
Report: Pemex Exploracion y Produccion troubles add to fall in Mexicos Costero field production
2016-04-29 01:00:00| Offshore Technology
Production from Mexico's Costero project has been on the slide since peaking in 2011, despite the field being an important asset of the Macuspana-Muspac region and accounting for 27% of the area's total hydrocarbon production.
FTSE heads lower as Lloyds shares fall
2016-04-28 10:33:59| BBC News | Business | UK Edition
The FTSE 100 drops nearly 1%, with shares in Lloyds falling nearly 4% after the bank's first quarter results.
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
Lloyds Bank reports fall in profits
2016-04-28 08:43:41| BBC News | Business | UK Edition
Lloyds Banking Group reports a 6% fall in underlying profits for the first quarter of the year after what it calls a "robust" performance.
Tags: reports
fall
bank
profits
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