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Telenor unites Asian ops at hub in Singapore led by Rostrup as markets mature

2020-03-19 09:36:00| Telecompaper Headlines

(Telecompaper) Telenor said it has appointed Jorgen C Arentz Rostrup to lead a unified Asian business from 01 May and named Tone H Bachke to succeed him as group CFO from the same date. Uniting the markets in Asia as a single unit will strengthen Telenor's focus on growth and modernisation and position it to capture opportunities in the region, it said. Bache moves to her role as CFO from her current position as head of group treasury.

Tags: led markets singapore asian

 

Four Cambodia factories may suspend ops as Coronavirus hits supplies

2020-02-11 13:53:00| Daily apparel & textile news and comment - from just-style.com

Four textile factories in Cambodia may be forced to stand down operations due to raw material supply interruptions from China related to the Coronavirus outbreak, according to the Labour Ministry.

Tags: supplies hits cambodia ops

 
 

Amazon lifts profit in Q4 despite weak international ops, sees mixed Q1

2020-01-31 09:30:00| Telecompaper Headlines

(Telecompaper) Amazon said revenues for its fourth quarter advanced to USD 87.4 billion from 72.4 billion the year before, including a negative forex effect of USD 120 million, well in line with expectations. Despite a forecast for a lower profit, the operating profit crept up to USD 3.9 billion from 3.8 billion, and the net profit lifted to USD 3.3 billion or USD 6.47 per diluted share, from 3.0 billion and 6.04 per share.

Tags: international amazon profit mixed

 

NENT seeks minority partner as it focuses on original scripted drama, plans to sell other ops in H1

2020-01-29 14:13:00| Telecompaper Headlines

(Telecompaper) Nordic Entertainment Group (NENT) said it will sell off its non-scripted output, branded entertainment and events business and will bring in a minority equity partner for its scripted drama productions as it reorganises NENT Studios. The scripted production and distribution companies at NENT Studios account for approximately 45 percent of total sales and a significant proportion of profits.

Tags: other original sell partner

 

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