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Tag: profits
Spark raises dividends as underlying profits improve
2015-08-21 09:30:00| Telecompaper Headlines
(Telecompaper) New Zealand operator Spark reported revenues for its fiscal year to June down 2.9 percent to NZD 3.531 billion, as growth in mobile and IT services revenues was offset by the continued decline in calling and access revenue. EBITDA from continuing operations rose 2.8 percent to NZD 962 million, helped by a 5 percent fall in operating costs, and net profit increased 16.1 percent to NZD 375 million. Including discontinued operations, net profit was down 18.5 percent following a gain on the sale of Australian unit AAPT. After an increase in capital expenditure last year for one-off projects such as the Single RAN and re-engineering, Spark forecast a drop in spending next year. The group also completed its 'Turnaround Programme' in the past year, helping increase operating cash flow. This should help boost the dividend to 22 cents a share, from 20 cents for the past year and 17 cents the previous year. Spark also plans a special dividend of 3 cents a share next year.
Tags: improve
underlying
profits
raises
Two Tactics for Bigger Biotech Investing Profits
2015-08-21 05:01:41| Biotech - Topix.net
America's #1 Trader is Tom Gentile, and his twice-weekly Money Calendar Alert puts you on the path to scheduling consistent "Payout Opportunities" into your daily planner. The only "buy and hold" system that beats even today's volatile markets.
Tags: investing
bigger
profits
tactics
Lenovo plans job cuts as sales slow, profits fall
2015-08-13 08:57:00| Telecompaper Headlines
(Telecompaper) Lenovo saw its revenue growth slow to 3 percent in its fiscal first quarter June, to USD 10.7 billion. Net profit fell 51 percent year-on-year to USD 105 million. The company said it suffered from the slowdown in the PC and tablet market, growing competition in smartphones, especially in China, marcoeconomic and currency headwinds in key markets such as Brazil, and "rapidly shifting technology demand" at its enterprise business. To address the difficult market conditions, Lenovo announced a round of restructuring, focusing on better integrating its recent acquisitions and lowering costs. This will include the elimination of 3,200 jobs outside manufacturing, or around 5 percent of its total workforce.
Tunisia attack lowers Tui profits
2015-08-13 07:48:01| BBC News | Business | UK Edition
Travel operator Tui Group, which owns Thomson and First Choice, announces how much its profits will be hit by the beach attack in Tunisia in June.
Tags: attack
profits
tunisia
tui
Exchange rates, upgrades and material costs affect Sappi Group profits
2015-08-12 23:08:15| Paper - Topix.net
Global paper producer Sappi Group , based in Johannesburg, has released its third quarter financial results, for the quarter ending June 30, 2015. The company posted a profit for the period of US $4 million, compared with profits of US $17 million in the third quarter of 2014.
Tags: group
material
rates
costs
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