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Softbank's H1 net income falls, revenues up 10%

2015-11-04 11:50:00| Telecompaper Headlines

(Telecompaper) Japanese communications provider Softbank posted a net income of JPY 426.7 billion for the first half ended 30 September, a decrease of 22 percent year-on-year. The company recorded an impairment charge of JPY 33.2 billion in the period to write down the value of its stake in Trikomsel, an Indonesian company undergoing debt restructuring. Softbank's net sales amounted to JPY 4.42 trillion in H1, up 10 percent from JPY 4.02 billion a year earlier, and EBITDA increased 22 percent to JPY 1.32 trillion. Revenue growth was helped by the weaker yen versus the US dollar, as well as underlying growth at the Japanese activities. Free cash flow jumped to JPY 180 billion from JPY 68 billion a year ago, helped by a slowdown in capital expenditure. 

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Sprint adds 1.1 million net customers in Sept quarter

2015-11-03 14:24:00| Telecompaper Headlines

(Telecompaper) Sprint added 1.1 million net customers in its second fiscal quarter, compared to 590,000 in the first quarter, as it recorded a low postpaid churn and saw growth in postpaid customers for the first time in more than two years. CEO Marcelo Claure said the quarter marked an inflection point in the company's turnaround strategy. The operator reported USD 8 billion of net operating revenue, down 6 percent on the year-earlier period. Adjusted EBITDA grew by 45 percent in a year to USD 2 billion in the quarter, as cost cuts more than offset the falling service revenue. Sprint improved its bottom line to a UDS 585 million net loss, compared to a USD 765 million net loss in its second fiscal quarter of 2014.

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Nissan sees 40% rise in net profit

2015-11-02 09:15:59| BBC News | Business | UK Edition

Japan's second-biggest carmaker, Nissan, has posted a rise of 37.4% in net income for the six months ending in September.

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NASA study: Net gains for Antarctic ice sheets

2015-10-31 15:17:00| Climate Ark Climate Change & Global Warming Newsfeed

United Press International: According to a new NASA study, ice sheet gains outweigh losses on the Antarctic continent. The findings conflict with those of the Intergovernmental Panel on Climate Change, which in 2013 suggested gains were not keeping up with losses. The new study, published in the Journal of Glaciology, doesn't totally undermine the handful of studies showing significant glacier, ice sheet and sea ice shrinkage. Instead, if offers evidence of previously unaccounted gains. The new tallies reveal an annual...

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Pfizer Approaches Allergan; Bayer Net Jumps, Eni and Shell Net Swing to Loss

2015-10-31 06:32:39| Chemicals - Topix.net

Air France KLM net surged to 624 million. Bayer profit advanced 21% to 1 billion and pharmaceutical maker may exit from its stake in Covestro by January 2017.

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