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Amazon lifts revenues, doubles profit in Q2

2020-07-31 08:58:00| Telecompaper Headlines

(Telecompaper) After saying earlier that profits might suffer in the second quarter amid investments related to covid-19 pandemic, Amazon has reported a doubling of its operating and net profit, with revenues up 40 percent.

Tags: amazon profit revenues doubles

Logitech lifts sales and profits in Q1, raises FY outlook

2020-07-21 09:56:00| Telecompaper Headlines

(Telecompaper) Logitech said its sales in the first quarter to 30 June of fiscal year 2021 grew by 23 percent in US dollars and 25 percent in constant currency year-on-year to USD 791.89 million. Gross profits rose from USD 238.97 in Q1 last year to USD 305.73 million in the first quarter of the current fiscal year. Operating income progressed to USD 83.42 million from USD 47.46 million in the same period the prior year.

Tags: sales outlook profits raises

Mobily lifts Q2 net profit as active FTTH users expand, business and wholesale revenues rise

2020-07-21 09:26:00| Telecompaper Headlines

(Telecompaper) Saudi operator Mobily said its net profit increased to SAR 185 million in the second quarter ended 30 June compared with SAR 37.8 million in Q2 2019, mainly due to increased revenue from business and wholesale units, as well as the FTTH active base. Revenue amounted to SAR 3.56 billion versus SAR 3.33 billion in Q2 2019, or year-on-year growth of 6.8 percent.

Tags: net business users active

Cellnex revenues up 48% to EUR 723 mln in H1, lifts FY guidance

2020-07-21 09:22:00| Telecompaper Headlines

(Telecompaper) Spanish operator Cellnex Telecom, Europe's largest mobile towers company, reported revenues of EUR 723 million in the first half of 2020, up 48 percent year on year, with EBITDA rising 64 percent to EUR 527 million thanks mainly to the series of acquisitions made in 2019 in France and Italy (Iliad), Switzerland (Salt), the UK (BT), Ireland (Cignal) and Spain (Orange), as well as the purchase of OMTEL in Portugal, which closed in January. The financial costs of these investments and higher amortisation prompted a net loss of EUR 43 million in the same period, up from EUR 30 million in the first three months of 2020, a negative result that's expected to continue "in the coming quarters", said Cellnex.

Tags: eur guidance revenues lifts