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America Movil net profit down 78% in Q4 on forex effects

2015-02-11 08:02:00| Telecompaper Headlines

(Telecompaper) America Movil reported fourth-quarter net profit down 77.8 percent from a year earlier to MXN 3.612 bilion, hurt by fluctuations in exchange rates. EBITDA was also down 0.7 percent to MXN 67.67 billion, and EBIT dropped 5.2 percent to MXN 33.63 billion due to higher deprciation and amortisation charges. Pro forma for the acquisition of Telekom Austria, revenues rose 2.7 percent year-on-year to MXN 229.3 billion. At constant exchange rates, service revenue growth slowed to 3.2 percent, as regulatory cuts in interconnection rates in markets such as Mexico and Brazil impacted voice revenues. Mobile data continued to be the strongest growth driver, with revenues up 14.6 percent, followed by pay TV revenues up 12.7 percent. Fixed broadband revenues increased by 12.0 percent. Overall, service revenues rose 0.7 percent to MXN 197.44 billion, and equipment revenues increased 14.7 percent to 31.86 billion. Net debt increased slightly over the year on a pro forma basis, to MXN 533.4 billion from MXN 518.6 billion, and was equal to 1.7 times EBITDA after adjusting for currency exposure. America movil spent MXN 149.7 billion on capex last year, equal to 16.9 percent of revenues, while also returning MXN 52.1 billion to shareholders in dividends and share buybacks.

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Volkswagen of America to invest $10M in EV charging infrastructure by 2016; calls for more legislative support to spur EV adoption

2015-02-10 19:55:37| Green Car Congress

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Ash Grove nabs award-winning CFO from Dairy Farmers of America

2015-02-10 12:01:24| Food - Topix.net

Ash Grove Cement announced that it hired David Meyer, CFO of Dairy Farmers of America, as its new chief financial officer. Meyer, who will also serve as a vice president, fills a vacancy created when former CFO Randy Vance was promoted to president and COO in August 2014.

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Sappi North America to Hike Pricing on Variety of Coated Paper Lines

2015-02-10 01:16:27| Paper - Topix.net

Feb. 9, 2015 - Sappi North America announces a transactional price increase on new and unconfirmed orders that book with confirmed delivery dates on or after Monday, March 2, 2015 on the following products: A $1.50 per CWT US$/CAD$ increase on: Separately, Sappi North America's web price increase on all new and unconfirmed orders with a confirmed delivery date on or after October 28, 2014 is still in effect. A $2.00 per CWT US$/CAD$ increase on: Opus Web; Galerie Art Web; Somerset Web; Flo Web, and a $1.50 per CWT US$/CAD$ increase on: Galerie Fine Web; Galerie Brite Web; Galerie Lite Web.

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First TomoTherapy System in Latin America Dedicated Solely to Breast Cancer Care Now Treating Patients

2015-02-09 11:31:46| Industrial Newsroom - All News for Today

Advanced Radiation Therapy System Ideally Suited for Efficient, Effective Treatment of Range of Breast Cancer Cases SUNNYVALE, Calif.  Accuray Incorporated (Nasdaq: ARAY) announced today that the first TomoTherapy System in Latin America dedicated solely to the treatment of breast cancer is now operational at...

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