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Tag: fall
Vimpelcom Q1 revenues fall 30% on stronger dollar
2015-05-13 08:47:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported a sharp fall in first-quarter results, hurt by the stronger dollar. Revenues fell 30 percent to USD 3.515 billion, and EBITDA dropped 33 percent to USD 1.396 billion. On an organic basis, excluding the currency impact, service revenue fell 2 percent, with Russia stable, Italy down 5 percent, Algeria falling 11 percent, Pakistan down 4 percent, Ukraine up 5 percent and Bangladesh growing 10 percent. Net profit improved to USD 184 million from USD 38 million a year ago. Vimpelcom reduced capital expenditure by 44 percent to USD 407 million, and operating cash flow was down 27 percent to USD 989 million. The company's net debt ratio was stable at 2.4 times EBITDA. Vimpelcom said the results were in line with expectations with most of businesses performing in line with or better than their local markets. The stronger fall in EBITDA was mainly a result of the delayed launch of 3G services in Algeria and continued market weakness in Italy. This was partly offset by service revenue growth in Bangladesh and Ukraine. The mobile customer base grew 2 percent year-on-year to 218.1 million at the end of March. Vimpelcom maintained its full-year outlook and the new CEO Jean-Yves Charlier said he will update the market on the group's strategy at the next quarterly report in August.
Tags: fall
dollar
stronger
revenues
EU Pig Prices: End of Fall in Prices – Markets Balanced
2015-05-13 02:00:00| ThePigSite - Industry News
EU - The fall in prices on the European pig slaughter market stopped this week. The market now appears in a steady way.
Oil prices rise on Wednesday following fall in US stockpiles
2015-05-13 01:00:00| Offshore Technology
Oil prices increased on Wednesday following a decline in crude stockpiles at Cushing, Oklahoma in the US.
Tags: us
prices
fall
wednesday
McDonald's and Mattel Fall Foul of New Millennial Consumer Power
2015-05-12 22:38:31| Toys - Topix.net
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Tags: power
fall
consumer
foul
Advanced Manufacturing Canada event coming to Montreal this fall
2015-05-12 21:53:38| Canadian Plastics Headlines
A new two-day conference on advanced manufacturing technologies is coming to Montreal in November. The event is called Advanced Manufacturing Canada (AMC), will run November 18-19 at Palais des congrs de Montreal, and is being sponsored by the Society of… The post Advanced Manufacturing Canada event coming to Montreal this fall appeared first on Canadian Plastics.
Tags: advanced
canada
event
fall
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