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Tag: profits
U.S. Gulf Oil Profits Lure $16 Billion More Rigs By 2015
2013-07-18 19:15:00| OGI
Deepwater Gulf of Mexico rebounds from shutdown in 2010 to become the fastest growing offshore market in the world, says analyst.
Tags: oil
billion
profits
gulf
Verizon Q2 profits up strongly on mobile growth
2013-07-18 14:11:00| Telecompaper Headlines
(Telecompaper) Verizon reported double-digit growth in second-quarter profits amid continued strong demand for its mobile and fibre broadband services. Revenues rose 4.3 percent from a year earlier to USD 29.8 billion, and operating profit jumped 16.0 percent to USD 6.6 billion. EBITDA increased 9.5 percent to USD 10.7 billion, and the margin improved 170 basis points to 35.9 percent. The US operator reported a net profit of USD 0.78 per share, including a 5-cent one-time gain on pensions, up from USD 0.64 a year earlier. Operating cash flow rose to USD 17.1 billion in the first half of the year from USD 15.3 billion in H1 2012, and capex increased to USD 7.6 billion from USD 7.4 billion over the same period. Verizon raised its capex budget for the full year to USD 16.4-16.6 billion, versus a previous estimate of USD 16.2 billion, in order to meet stronger demand for mobile data services and start deploying its AWS spectrum in the second half of the year.
Tags: mobile
growth
strongly
profits
Ericsson quarterly profits jump
2013-07-18 12:01:40| BBC News | Business | UK Edition
Ericsson has reported a 26% rise in quarterly profits helped by costs cuts and higher profit margins.
Tags: jump
quarterly
ericsson
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Sports Direct profits and sales jump
2013-07-18 08:43:18| BBC News | Business | UK Edition
Sports Direct profits rise 40% after what the retailer's chief executive Dave Forsey said was a "record-breaking year".
Tags: sports
sales
jump
direct
Ericsson Q2 sales flat, profits improve
2013-07-18 08:43:00| Telecompaper Headlines
(Telecompaper) Ericsson reported second-quarter sales flat due to negative currency effects, while profits improved thanks to cost reductions. Revenues were unchanged year-on-year at SEK 55.3 billion, but grew 7 percent if forex effects are excluded. Operating profit rose to SEK 2.5 billion from SEK 2.1 billion a year ago, helping the margin improve to 4.5 percent from 2.8. Ericsson said it was starting to see a small shift in the market away from the lower-margin coverage projects towards capacity orders. Its strategy to gain market share in Europe through network upgrade projects was also starting to pay off in new business, in capacity and LTE projects. Elsewhere the market was weaker in East Asia in the quarter, while LTE orders in Russia and China were starting to come in and mobile broadband demand remained strong in the Americas. Net profit finished up at SEK 1.5 billion versus SEK 1.2 billion a year earlier. The result included SEK 0.9 billion in losses from divestments such as Applied Communication Sciences and exiting the telecom and power cable operations. Operating cash flow improved to SEK 4.3 billion from a negative SEK 1.4 billion a year ago.
Tags: sales
improve
flat
ericsson
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