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Sappi quarterly profit surges 50%

2014-02-05 10:44:31| Paper - Topix.net

Sappi said first-quarter profit gained 50 percent as it began to see the benefit of boosting production of high-margin cellulose products.

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ADM quarterly profit slumps 27 percent on GrainCorp charges

2014-02-04 14:13:57| Agriculture - Topix.net

U.S. agricultural processor Archer Daniels Midland Co on Tuesday said fourth quarter earnings fell 27 percent, largely due to charges relating to its failed acquisition of Australian grain handler GrainCorp. For the quarter ended Dec. 31, ADM earned a net profit of $374 million, or 56 cents a share, compared with $510 million, or 77 cents a share, ... (more)

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Higher Quarterly Gross Profit for Tyson Foods

2014-02-04 01:00:00| ThePigSite - Industry News

US - In its first quarter results, Tyson Foods reports sales to 28 December of $8.761 billion, up from $8.366 billion the previous year. While the cost of sales was also higher - up from $7.827 billion to $8.076 billion - gross profit reached $685 million compared to $539 million in the same quarter in 2012.

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Airtel quarterly revenues up 13%, profit more than doubles

2014-01-29 11:17:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported fourth-quarter revenues up 13 percent from a year earlier to INR 219.4 billion. EBITDA rose 23 percent to INR 70.9 billion, and net profit more than doubled, to INR 6.1 billion from INR 2.8 billion a year ago. While capex was up 20 percent to INR 28.2 billion, the company still improved operating cash flow by 20 percent to INR 42.7 billion. Revenues in its home market India were up 10 percent to INR 144.4 billion, including 9 percent growth in mobile services to INR 116.4 billion. Mobile EBITDA improved 27 percent to INR 39.7 billion, and Airtel boosted capex by 68 percent year-on-year to INR 13.5 billion as it expands its fibre network and prepares for the launch of LTE. At its international operations in Africa and South Asia, revenues rose 4 percent to USD 1.2 billion, and EBITDA improved 2 percent to USD 306 million. The South Asia activities moved to a positive EBITDA of USD 5 million, and EBITDA in Africa was stable at USD 300 million. Capex across the international activities rose just 3 percent, to USD 174 million. Airtel increased its mobile customer base to 275.25 million at year-end, up 3 percent from the end of September and 10 percent more than end-2012. Mobile voice traffic was up 1 percent on a sequential basis, and non-voice services increased to 26.1 percent of revenues in Q4 from 25.0 percent in Q3.

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Apple quarterly profit flat, iPhone sales hit new record

2014-01-28 08:39:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues of USD 57.6 billion for its fiscal first quarter to December, up from USD 54.5 billion a year earlier. The growth was in line with the company's outlook and supported by the release of the new iPhones from September. The company's gross margin dropped to 37.9 percent from 38.6 percent, net profit was unchanged year-on-year at USD 13.1 billion, and EPS increased to USD 14.50 from USD 13.81 a year ago. Apple hit a new quarterly record with 51 million iPhones shipped, up from 47.8 million in the year-ago quarter. iPad shipments also reached a new record, of 26 million versus 22.9 million a year earlier, after the launch of new models in November. In addition, Apple increased Mac sales to 4.8 million from 4.1 million in the year-ago quarter. The company generated USD 27.7 billion in operating cash flow in the quarter and paid USD 7.7 billion to shareholders in dividend and share repurchases. Apple will pay another quarterly dividend of USD 3.05 per share in February. For fiscal Q2, the company forecast revenue of USD 42-44 billion, a gross margin of 37-38 percent and operating costs of USD 4.3-4.4 billion.

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