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Carlsberg YTD profits slide as Russia stays weak
2014-11-10 11:13:00| Daily beverage news and comment - from just-drinks.com
Carlsberg has posted a drop in nine-month profits as the Russian beer market continued to decline.
Tags: russia
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Vodacom profits hurt by MTR cuts in South Africa
2014-11-10 08:56:00| Telecompaper Headlines
(Telecompaper) Vodacom Group reported a 2.3 percent increase in its revenue for the six months to September to ZAR 37.54 billion. Sales were buoyed by equipment revenue, which contributed 17.1 percent of group revenue compared to 16.7 percent a year ago. Active customers grew by 13.3 percent year-on-year to 61 million at 30 September. Headline EPS declined 5.5 percent to ZAR 4.15, mainly the result of termination rate cuts in South Africa, as well as increased depreciation as a result of accelerated capital investments. EBITDA declined 1.7 percent to ZAR 12.99 billion, and the EBITDA margin contracted 1.4 percent points to 34.6 percent. Capital expenditure rose 21.3 percent from a year ago to ZAR 5.88 billion. The company said it expects conditions to remain challenging in the short-term, particularly in South Africa where the continued impact of lower mobile termination rates, constrained consumer spend, and intense competitive pressure are all factors. In the international markets, particularly Tanzania and the DRC, continued pricing pressure is also likely to have an impact. However, Vodacom said positive trends in the adoption of smart devices and data usage will help to offset this, as will the ongoing focus on reducing operating expenditure.
Smithfield Foods says profits more than quadrupled
2014-11-09 08:40:33| Food - Topix.net
Smithfield Foods Inc. said Friday that its third-quarter profit more than quadrupled from the year before, thanks to tight supplies of hogs and market-share gains for its packaged meat products. The Smithfield-based company, which was bought by China's WH Group Ltd. last year, said its net income for the period ended Sept.
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Heinz profits up in third quarter
2014-11-08 00:33:39| Food - Topix.net
H.J. Heinz today reported a third quarter profit as benefits from cost-cutting initiatives overcame a 2 percent drop in sales. The Pittsburgh food products giant reported net income of $171.6 million on sales of $2.59 billion vs. a loss of $11.8 million and sales of $2.65 billion in the year-ago quarter.
Telecom reports 985 mn in net profits
2014-11-07 15:24:47| Telecom - Topix.net
Milan, November 7 - Telecom Italia on Friday reported a net profit of 985 million euros in the first nine months of 2014, compared to a 902 million loss in 2013, which reflected an impairment loss on goodwill. Compared to the first nine months of 2013, revenues fell by 6% to 15,972 million euros in organic terms, and EBITDA fell 6.4% to 6,588 million euros.
Tags: net
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