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Ryanair Revenues Rise 10% Despite Fall In Fares
2015-07-27 14:13:08| Airlines - Topix.net
Ryanair is celebrating its 30th brithday with "strong growth in traffic and profits" as customers react positively to the no-frills airline's softer approach. Pre-tax profits jumped 24% in the three months to June 30 as customer numbers grew by 16% to 28 million.
Vimpelcom Q1 revenues fall 30% on stronger dollar
2015-05-13 08:47:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported a sharp fall in first-quarter results, hurt by the stronger dollar. Revenues fell 30 percent to USD 3.515 billion, and EBITDA dropped 33 percent to USD 1.396 billion. On an organic basis, excluding the currency impact, service revenue fell 2 percent, with Russia stable, Italy down 5 percent, Algeria falling 11 percent, Pakistan down 4 percent, Ukraine up 5 percent and Bangladesh growing 10 percent. Net profit improved to USD 184 million from USD 38 million a year ago. Vimpelcom reduced capital expenditure by 44 percent to USD 407 million, and operating cash flow was down 27 percent to USD 989 million. The company's net debt ratio was stable at 2.4 times EBITDA. Vimpelcom said the results were in line with expectations with most of businesses performing in line with or better than their local markets. The stronger fall in EBITDA was mainly a result of the delayed launch of 3G services in Algeria and continued market weakness in Italy. This was partly offset by service revenue growth in Bangladesh and Ukraine. The mobile customer base grew 2 percent year-on-year to 218.1 million at the end of March. Vimpelcom maintained its full-year outlook and the new CEO Jean-Yves Charlier said he will update the market on the group's strategy at the next quarterly report in August.
Tags: fall
dollar
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revenues
Sprint net adds reach 1.2 mln as revenues, profit fall in Q4
2015-05-05 13:51:00| Telecompaper Headlines
(Telecompaper) Sprint announced results for its fiscal fourth quarter, saying net additions lifted to 1.2 million, the highest number in nearly three years, compared to net losses of 383,000 during its fiscal third quarter. Still, total revenues fell 7 percent year-on-year to USD 8.3 billion on the back of lower wireless service revenues. The adjusted EBITDA declined 5 percent to USD 1.7 billion while the operating profit slid to USD 318 million from 420, mainly due to higher depreciation expense. The net loss widened to USD 224 million or USD 0.06 per share, from a loss the year earlier of 151 million or 0.04 per share. Postpaid net additions improved to 211,000 from 30,000 in Q3. The company was net port positive for the first in nearly three years. Postpaid phone losses of 201,000 improved from 205,000 losses in Q3. Postpaid tablet net additions amounted to 349,000 from 189,000. Prepaid net additions amounted to 546,000 compared to 410,000 in Q3. Wholesale net additions went to 492,000 from 527,000. Postpaid ARPU fell to USD 56.94 from 58.90 in Q3. Postpaid churn lifted by 46 basis points sequentially to 1.84 percent, on the back of increasing credit standards, and a better network experience.
Microsofts Xbox revenues fall, shipments still lag Sony
2015-04-24 21:37:06| Extremetech
While flat sales in a seasonally off-peak quarter aren't bad by any means, they still put the Xbox division well behind Sony, which sold 1.7 million consoles in just January and February.
Verizon Wireless service revenues fall 0.4% in Q1
2015-04-21 14:54:00| Telecompaper Headlines
(Telecompaper) Verizon reported a slowdown in mobile customer growth and a drop in wireless services revenues in the first quarter, amid intense competition in the US market. Total mobile revenues were up 6.9 percent year-on-year to USD 22.3 billion, as its new handset pricing Verizon Edge helped offset a 0.4 percent fall in service revenues to USD 17.9 billion. Sales through Edge increased to 39 percent of phone activations in the quarter from 25 percent in Q4 2014, and Verizon said the figure has since risen to nearly 50 percent. The wireless operating margin was flat year-on-year at 35.0 percent, and the EBITDA margin fell by 0.1 percent point to 44.8 percent. Verizon Wireless added 565,000 retail postpaid customers in the three months, while losing 188,000 prepaid users. Total retail connections were up 5.1 percent year-on-year to 102.6 million. Retail postpaid churn was at 1.03 percent in the quarter, down from 1.07 percent a year ago. At the bottom line, Verizon reported earnings of USD 1.02 per share, down from USD 1.15 a year ago when it booked one-time gains on its buy-out of Verizon Wireless. Excluding these items, EPS was USD 0.84 a year ago.
Tags: service
fall
wireless
revenues
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