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Tag: profits
Zain FY profits lower on forex, political problems
2015-02-02 07:41:00| Telecompaper Headlines
(Telecompaper) Zain Group announced net profit of USD 685 million on revenues of USD 4.3 billion in 2014. Zain served 44.3 million customers at the end of the period, reflecting a 4 percent decline year-on-year. The group said the decline in customers was due a new definition of "active customer" implemented by the regulator in Iraq and a new registration policy implemented by Sudan's regulator. Profit was also affected by the political instability in Iraq during the second half of 2014, which resulted in frequent network interruptions and associated higher network operational costs. EBITDA for the period reached USD 1.8 billion, giving an EBITDA margin of 41.8 percent. Excluding currency effects, net profit would have been relatively stable for the year. The board recommended a cash dividend of USD 0.14 per share. For the fourth quarter of 2014, Zain recorded revenues of USD 1.0 billion, EBITDA at USD 406 million, an EBITDA margin of 40.4 percent and net profit of USD 115 million. Group chairman Asaad Al Banwan said that despite geo-political challenges and unavoidable currency issues in several markets, the board remains confident that management is implementing the right strategy in driving the business forward.
Tags: problems
lower
political
profits
Japan Shorts Don't Care About Record Profits in Nikkei
2015-02-02 04:23:06| Automakers - Topix.net
An employee inspects the paint finish of a red Toyota Motor Corp. Lexus NX crossover sport-utility vehicle on the production line at the Toyota Motor Kyushu Inc. Miyata plant in Miyawaka, Fukuoka Prefecture, Japan, on Friday, Aug. 8, 2014. The NX crossover is selling in Japan starting at 4.28 million yen , according to a July 29 statement.
Obama plans tax on overseas profits
2015-02-01 19:52:18| BBC News | Business | UK Edition
US President Barack Obama plans to tax US firms on profits made and cash held overseas, raising funds for a major road-improvement plan in the US.
Tags: plans
tax
profits
overseas
As Biogen shares hit all-time high, profits and headcount grow, too
2015-01-31 00:58:16| Biotech - Topix.net
Biogen Idec shares are up to a new all-time high today after the company reported a doubling of profits over the past year, despite of slowdown in new patients taking its blockbuster multiple sclerosis drug, Tecfidera.
Koss Corp. sees sales, profits grow after months of disappointing returns
2015-01-30 20:15:07| Electronics - Topix.net
Milwaukee-based Koss Corp. experienced what its leaders hope is the start of a turnaround in sales and profits for its second quarter. Sales numbers sounded a little sweeter at Koss Corp. in the second quarter, the first uptick in more than a year for the Milwaukee stereo headphone firm.
Tags: months
sales
returns
grow
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