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Siemens net profit up 40 percent, outlook cautious

2014-11-06 11:21:19| Industrial Machines - Topix.net

Joe Kaeser, President and CEO of Siemens, addresses the media during the company's annual press conference in Berlin, Germany, Thursday, Nov. 6, 2014. Photo: Michael Sohn, AP Joe Kaeser, President and CEO of Siemens, addresses the media during the company's annual press conference in Berlin, Germany, Thursday, Nov. 6, 2014.

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Siemens net profit up 40 percent, outlook cautious

2014-11-06 10:16:11| Telecom - Topix.net

Industrial equipment maker Siemens AG says net profit rose 40 percent in the fourth quarter but issued a cautious outlook for the coming year, saying global tensions would affect its business and predicting flat revenue. Siemens also said Thursday it was selling its hearing-aid business to the investment company EQT and Germany's Struengmann family of entrepreneurs for 2.15 billion euros.

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Liberty Global posts Q3 net profit on revenues up 5%

2014-11-06 08:27:00| Telecompaper Headlines

(Telecompaper) Liberty Global reported third-quarter revenues up 5 percent year-on-year to USD 4.5 billion. Organic growth, excluding forex effects and a number of small acquisitions, was 3 percent, led by growth in Belgium and Germany. The cable group added 344,000 revenue-generating units in the three months on an organic basis, for a total 49.2 million at the end of September. The addition of 239,000 broadband customers and 151,000 telephony subscribers helped offset the loss of 46,000 TV customers. At the end of Q3, the group had 10.4 million triple-play customers, which exceeded the single-play customer base (10.1 million) for the first time. Quarterly operating cash flow rose 6 percent to USD 2.1 billion, and the net result turned to a profit of USD 157 million versus a loss of USD 830 million a year ago. Capital expenditure was down slightly to USD 908 million or 20 percent of revenue. Liberty also announced that it has completed the acquisition of Dutch cable operator Ziggo and will start integration of the company immediately. Helped by Ziggo's liquidity, the company also plans to resume its share repurchase programme and buy back USD 2.6 billion in shares over the next 14 months. 

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Northwest Pipe Co. reports net sales, profit increases

2014-11-04 10:24:22| Steel - Topix.net

Vancouver-based Northwest Pipe Co. on Monday reported a third-quarter profit of $5.02 million.

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Agrium reports 26% decline in Q3 net profit; raises quarterly dividend 4%

2014-11-04 02:30:42| Chemicals - Topix.net

Agrium Inc. is increasing its quarterly dividend four per cent despite reporting a 26 per cent decline in net earnings to US$50 million or 35 cents per diluted share. The Calgary-based global producer and marketer of fertilizer says the payout will rise to 78 cents US per common share beginning Jan. 21 to shareholders of record on Dec. 31. We want you to tell us what you think of our articles.

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