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MEXICO: Arca Continental posts FY profits jump despite weak volumes
2014-02-20 13:20:00| Daily beverage news and comment - from just-drinks.com
Arca Continental has posted a dip in full-year volumes as CSD consumption fell, but the company still saw profits surge.
AUS: Coca-Cola Amatil posts profits plunge after AUD404m write-down
2014-02-18 12:41:00| Daily beverage news and comment - from just-drinks.com
Coca-Cola Amatil has reported a sharp drop in full-year profits because of a major write-down in its canned fruit and vegetable business, but weakness in Australia also meant a disappointing 2013 for beverages.
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Microsoft posts record revenue, profits due to strong Xbox, Windows Phone, and enterprise sales
2014-01-24 15:22:29| Extremetech
Appearances can be deceiving: Despite its outwardly flailing demeanor, Microsoft has just announced record revenue and profits for Q2 2014 (calendar Q4 2013). On the back of strong Xbox One and 360 sales, and good growth by its commercial licensing divisions, Microsoft managed to bring in $24.5 billion in revenue and $8 billion profit. While Windows remained strong in the commercial/business sector, the consumer sector continues to see reduced demand (and thus revenue and profits. Microsoft continues to obfuscate the actual number of Surface tablets sold, but it did say that revenue and units sold doubled in the last quarter -- but sadly, so did the costs of selling those devices. Surface, for the second year running, is still a loss maker.
SingTel Group posts stable profits on lower revenues
2013-11-14 23:29:00| Telecompaper Headlines
(Telecompaper) In the second quarter ended 30 September SingTel group saw stable net profits of SGD 870 million as earnings growth was negatively impacted by the steep appreciation of the Singapore dollar. In constant currency terms, net profit increased 7 percent. However, revenues fell 9 percent to SGD 4.16 billion from SGD 4.57 billion, due mainly to the weaker Australian dollar, a cautious business environment, and lower mobile revenue from Australia. EBITDA rose 3 percent to SGD 1.30 billion on strong cost management. In constant currency terms, EBITDA rose 9 percent. SingTel also said that its combined mobile customer base stood at 486 million, up 7 percent year-on-year.
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US: Willamette Valley Vineyards posts YTD profits jump as sales rise
2013-11-13 16:58:00| Daily beverage news and comment - from just-drinks.com
Willamette Valley Vineyards has posted a jump in year-to-date profits as increased sales bolstered its bottom line.