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Copper mining profits open door to lower prices
2015-07-29 02:23:10| Footwear - Topix.net
The pain rippling through the copper market isn't yet threatening profits for most miners, and that could mean more tears for bullish investors. Even with prices near a six-year low, about 90 per cent of copper mines are profitable, meaning most producers have little incentive to reduce output, according to Standard Chartered.
CTG profits tumble; listing Delaware Ave. HQ for $3.95 million
2015-07-28 20:55:02| IT Services - Topix.net
CTG saw net income drop 83 percent in its second quarter, from $3.23 million to $554,000, and watched revenue decline 6 percent to $94,744. The harsh results come from several factors, including the $1.1 million write-off of its IT medical management software and $1.2 million associated with 13 job cuts in Europe.
Tags: listing
million
ave
delaware
MTN Group sees H1 profits down 10-15% on forex effects
2015-07-28 11:52:00| Telecompaper Headlines
(Telecompaper) MTN Group said it's expecting a decrease of between 10 and 15 percent in profits for the first six months of 2015, as fluctuating exchange rates hurt its bottom line. In a market update, MTN said this equates to headline EPS of ZAR 6.20-6.56. The African operator said it also expects a 10-15 percent fall in attributable earnings per share compared to the year-earlier period, giving a result of ZAR 6.21-6.58 per share. Adverse exchange rate and cross rate movements impacted both revenues and EBITDA in the period, as well as resulting in increased forex losses, MTN said.
Tags: group
effects
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profits
Statoil Q2 profits hit by lower oil prices, higher costs
2015-07-28 10:27:19| Oil & Gas - Topix.net
Norwegian energy company Statoil says it was hit by lower oil prices, increased depreciation and higher drilling costs in the second quarter, causing net profit to fall 16 percent to 10.1 billion kroner . CEO Eldar Saetre said Tuesday that the company "delivered encouraging operational performance with good production growth and high regularity" in the quarter, adding that it will continue to cut costs as part of an efficiency program that was "on track."
ITV profits up 25% despite ratings fall
2015-07-28 09:45:06| BBC News | Business | UK Edition
Half-year profits at ITV rose by 25% as revenue increased across all divisions, but the broadcaster's share of viewing across its channels fell 4%.
Tags: fall
ratings
profits
itv
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