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The Coca-Cola Co endures tough Q3 as YTD profits drop
2014-10-21 15:41:00| Daily beverage news and comment - from just-drinks.com
The Coca-Cola Co has posted a drop in year-to-date profits and sales as it saw a 14% fall in its bottom line for the last quarter.
Asos profits fall 14% but sales rise
2014-10-21 09:11:03| BBC News | Business | UK Edition
Annual profits at Asos fall 14% after the online retailer was hit by the strength of sterling and a major warehouse fire.
China Mobile 9-mth revenues up, profits fall
2014-10-20 14:30:00| Telecompaper Headlines
(Telecompaper) China Mobile reported operating revenue of CNY 481.2 billion for the first nine months of 2014, up by 3.9 percent over the same period of last year. EBITDA was down 5.0 percent in the same period to CNY 176.3 billion, and net profit fell 9.7 percent year-on-year to CNY 82.6 billion. The operator said revenues were under pressure from the slowdown in voice and SMS traffic, which fell 0.3 percent and 20.2 percent respectively compared to a year ago. This was offset somewhat by the expansion of its 4G services and growing adoption of mobile internet. Data traffic for the nine months rose by 98.6 percent year-on-year. Of the 799 million mobile customers at the end of September, 40.95 million used 4G and 244.46 million were on the 3G network. Revenues were also impacted by the imposition of VAT on the sector, which the operator absorbed in retail prices, and changes to network settlement charges. ARPU totaled CNY 63, a decrease compared to the same period of last year. China Mobile blamed the drop in profit on rising costs for 4G network construction and business development, retention of existing customers, and mobile internet development. This was offset in part by refocusing marketing expenses and reducing non-operating costs.
Tags: china
mobile
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profits
Solid Profits Expected for U.S. Airlines
2014-10-19 23:52:37| Airlines - Topix.net
A flock of U.S. airlines is expected to report strong quarterly profits this week, following the lead of Delta Air Lines Inc. But one would be hard-pressed to find evidence of that in share prices that have been battered by concerns over everything from a global economic slowdown to Ebola. Airline stocks, most of which soared earlier this year, have lost much of that altitude in the past three months, although they are off their recent swoons.
Tags: expected
solid
profits
airlines
Morgan Stanley profits surge 87%
2014-10-17 14:58:17| BBC News | Business | UK Edition
US investment bank Morgan Stanley reports an 87% jump in profits to $1.65bn (1bn) in the three months to the end of September.
Tags: morgan
profits
stanley
surge
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