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Iran write-off hits Renault profits
2013-07-26 12:44:29| BBC News | Business | UK Edition
French carmaker Renault reports a huge fall in profits for the first half of 2013 after writing off the entire value of its business in Iran.
Tags: hits
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BSkyB profits rise on new services
2013-07-26 09:01:51| BBC News | Business | UK Edition
Annual profits at BSkyB rise, with the satellite broadcaster saying that new services are "resonating strongly" with its customers.
Tags: services
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TOP NEWS: Ford Set New Full-Year Profits Forecast
2013-07-26 09:00:27| AutomotiveDigest.com - Automotive Industry News
Based on a very successful second quarter, with net income of $1.23 billion, Ford Motor Co. has now raised its estimates for the full year 2013. Longer car loan options could prove advantageous to both car dealers and their automakers, but financial planners issue a caveat to car buyers. Edmunds.com files a lawsuit against Texas-based Humankind Design Ltd. for setting up fake dealer reviews under fraudulent names hoping to entice car shoppers to buy.The Article TOP NEWS: Ford Set New Full-Year Profits Forecast appeared first on Automotive Digest.
Samsung profits up strongly on smartphone growth
2013-07-26 08:52:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics has reported a strong increase in second-quarter profits, led by its expansion in the mobile market. The company's net profit jumped to KRW 7.77 trillion from 5.19 trillion a year earlier. Operating profit rose to KRW 9.53 trillion from KRW 6.46 trillion, and sales improved to KRW 57.46 trillion from KRW 47.60 trillion, in line with Samsung's earlier guidance. At the mobile division (IM), revenues improved to KRW 35.54 trillion from KRW 23.36 trillion a year ago. Samsung said the handset market was seasonally weak, with only a low single-digit increase in the smartphone segment compared to the first quarter of this year. Tablet demand was also lower in developed markets, but was growing in emerging markets. Operating profit at the division was down 3 percent from Q1 to KRW 6.28 trillion amid higher marketing costs for the launch of the Galaxy S4 as well as R&D and retail channel investments, Samsung said. Smartphone shipments increased, the company said without releasing numbers, noting growth in North America and China. PC shipments were lower in line with the slower market demand. Going forward the company expects mobile phone growth to be more balanced between developed countries interested in LTE phones and experiencing intense competition and emerging markets such as China interested in mass-market smartphones. Tablet demand is expected to continue to grow strongly in all countries. Smasung will pay an interim dividend of KRW 500 per share, worth in total KRW 75.37 billion.
Tags: growth
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Timken reports 55 percent drop in profits
2013-07-26 06:48:35| Industrial Machines - Topix.net
Copyright i 1 2 2013 Beacon Journal Publishing Co. Inc and Black Press. All Rights Reserved.
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