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Alibaba doubles Q4 net profit

2014-04-16 09:32:00| Telecompaper Headlines

(Telecompaper) Chinese e-commerce group Alibaba doubled its net profit in the fourth quarter of 2013, to USD 1.349 billion from USD 642 million a year earlier. The result was reported by its shareholder Yahoo!, which has a 24 percent stake in the Chinese company. Alibaba's revenues rose 66 percent year-on-year to USD 3.058 billion, and operating profit doubled, to USD 1.642 billion. The strong figures are expected to support the case for Alibaba's initial public offering of shares. Sources familiar with the matter told Reuters that the Chinese company could file for the IPO in the US as soon as 21 April. 

Tags: net profit alibaba doubles

 

Nestlé reports 5.1% drop in Q1 net revenues

2014-04-16 01:00:00| Food Processing Technology

Nestlé has reported a 5.1% year-over-year decrease in net sales to CHF20.8bn ($23.6bn) for the first quarter of 2014, its results affected by severe weather in North America and weak consumer confidence in Europe.

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J&J Q1 net up 8 percent on sales jump, lower costs

2014-04-15 15:05:52| Biotech - Topix.net

Johnson & Johnson says its first-quarter profit rose 8 percent, because of restrained costs and a big jump in prescription drug sales.

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J&J Q1 net up 8 percent on sales jump, lower costs

2014-04-15 14:59:42| Food - Topix.net

Johnson & Johnson says its first-quarter profit rose 8 percent, because of restrained costs and a big jump in prescription drug sales.

Tags: net sales jump lower

 

Calgary's Shaw Communications reports higher Q2 net income of $222 million

2014-04-11 00:18:42| Telecom - Topix.net

Cable and media giant Shaw Communications Inc. posted higher net income of $222 million in the second quarter, as it benefited from the sale of two French-language channels.

Tags: net reports million higher

 

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