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US: Lifeway Foods sees earnings, profits rise
2013-04-02 14:41:51| Food - Topix.net
US kefir maker Lifeway Foods booked an increase in sales and earnings for 2012, with "strong" revenue and profit growth expected to continue in 2013.
Tags: rise
foods
sees
earnings
US: Shoe Carnival Q4 profits edge down
2013-04-02 14:36:57| Daily apparel & textile news and comment - from just-style.com
US footwear retailer Shoe Carnival saw fourth quarter net earnings edge down, despite sales increasing over the quarter.
Tags: edge
profits
shoe
carnival
Tele2 to share in profits if VTB sells Tele2 Russia
2013-04-02 09:33:00| Telecompaper Headlines
(Telecompaper) Tele2 said it will share in the profits if VTB decides to sell on Tele2 Russia to another company. The company issued a statement after several Russian companies said they were interested in acquiring Tele2 Russia for a higher price. Tele2 said the definitive agreement to sell Tele2 Russia to VTB "was based on its experience in owning and successfully developing Tele2 Russia over many years, and a full awareness of all strategic options available to Tele2 with respect to its Russian business". The operator was advised by Morgan Stanley as financial adviser and Davis Polk and Mannheimer Swartling as legal and regulatory advisers. Under the terms of the transaction, which is expected to be completed shortly, Tele2 said it has rights for a period of 12 months after closing to half of the net cash profits obtained by VTB from certain types of transfers of Tele2 Russia shares and assets to non-VTB Group entities. Meanwhile MTS has said it plans to go directly to Tele2 shareholders to lobby for its higher offer with rival Russian mobile operator Vimpelcom. Michael Hecker, who heads strategy for MTS, told the Wall Street Journal that "within minutes" of his company and Vimpelcom announcing an offer for Tele2 Russia, he was contacted by frustrated Tele2 shareholders willing to back the rival bid. The two companies hope Tele2 shareholders can convince the company to abandon the VTB deal for their own offer.
Tags: share
russia
profits
sells
Tesla expects first-quarter profits after strong demand for Model S
2013-04-01 19:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Electric-car maker Tesla said it expects a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S sedan, sending its shares soaring more than 19% in early trading on Monday. Tesla also said it was dropping plans to produce a low-end version of the Model S due to lack of demand, and will focus instead on higher-margin editions of the car. Model S sales exceeded 4,750 units in the quarter, higher than the 4,500 Tesla had forecast, the company...
CHINA: Tsingtao Brewery Co grows share in FY as sales, profits rise in 2012
2013-03-28 13:48:00| Daily beverage news and comment - from just-drinks.com
Tsingtao Brewery Co has posted rising sales and profits for 2012, as volumes increased markedly in the year.
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