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Noble Energy posts quarterly loss, hurt by $2.2 bln in charges
2016-02-17 14:54:24| Oil & Gas - Topix.net
Feb 17 U.S. oil and gas producer Noble Energy Inc reported a quarterly loss, compared with a profit a year earlier, hurt by $2.2 billion in charges, including on asset write downs. Noble's net loss was $2.03 billion, or $4.73 per share, in the fourth quarter ended Dec. 31, compared with net income of $402 million, or $1.05 per share, a year earlier.
Maroc Telecom FY revenue grows 17% to MAD 34 bln
2016-02-15 09:27:00| Telecompaper Headlines
(Telecompaper) Maroc Telecom Group's revenues increased to MAD 34.13 billion in 2015, up 17.1 percent on the year thanks to the consolidation of African subsidiaries acquired from its parent Etisalat and revenue stabilization in its home market Morocco. Customers numbered nearly 51 million at the end of 2015, up 26 percent year-on-year. EBITDA amounted to MAD 16.74 billion, up 6.7 percent from the previous year. Despite the dilutive effect of the new subsidiaries, the group's EBITDA margin was nearly stable year-on-year at 49.0 percent, thanks to continuing efforts to control direct costs and minimize operating costs. Net profit fell 4.3 percent to MAD 5.6 billion, mainly due to the losses generated by the new subsidiaries. Cash flow from operations was MAD 9.36 billion, down 19 percent from 2014, following the 80 percent growth in capital investment. Maroc Telecom is projecting for 2016 stable revenues and a slight decrease in EBITDA at constant scope and exchange rates and capital expenditure around 20 percent of revenues, excluding frequencies and licences.
Tags: mad
revenue
telecom
grows
Zain FY revenue falls 6% to USD 3.78 bln, EBITDA stable
2016-02-10 15:38:00| Telecompaper Headlines
(Telecompaper) Zain Group reported a 6 percent decline in its revenues for 2015 to USD 3.78 billion, while EBITDA was stable at USD 1.66 billion, giving a healthy EBITDA margin of 44 percent. The net profit reached USD 513 million, down 21 percent, reflecting earnings per share of USD 0.13.
Tags: usd
falls
stable
revenue
Opera agrees takeover by Kunlun, Qihoo for USD 1.2 bln
2016-02-10 08:15:00| Telecompaper Headlines
(Telecompaper) Opera Software has agreed a takeover offer worth USD 1.2 billion from a consortium of Chinese investments. The bidders are led by Golden Brick Silk Road Equity Investment Fund with the partners Beijing Kunlun Tech, Qihoo 360 Software and Yonglian (Yinchuan) Investment. The cash offer of NOK 71 per share is a 56 percent premium on Opera's average share price in the past 30 days and is the result of a strategic review started by the Norwegian company last August. Opera's board has recommended the offer to shareholders, and a number of large shareholders and management holding in total 33 percent of shares have already agreed to accept the takeover offer.
Tags: usd
opera
agrees
takeover
Obama proposes USD 19 bln boost to cybersecurity
2016-02-09 17:46:00| Telecompaper Headlines
(Telecompaper) US President Barack Obama has directed his administration to implement a Cybersecurity National Action Plan (CNAP) that takes near-term actions and puts in place a long-term strategy to enhance cybersecurity awareness and protections, protect privacy, maintain public safety as well as economic and national security, and empower Americans to take better control of their digital security. The Administration will invest over USD 19 billion in cybersecurity as part of the President's USD 4.1 trillion budget for FY 2017, representing an over 35 percent increase from FY 2016. The President is establishing the Commission on Enhancing National Cybersecurity, comprised of top strategic, business, and technical thinkers from outside of Government.
Tags: usd
boost
proposes
obama
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