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Post Net Slumps 51% on Higher Costs
2013-05-13 17:02:56| Agriculture - Topix.net
Post Holdings Inc.'s fiscal second-quarter earnings slumped 51%, sharply missing Street views, as the cereal maker reported slightly lower sales, coupled with higher input costs and interest expense.
Nippon Steel & Sumitomo Metal Last FY Net Loss Smaller Than Expected
2013-05-10 08:17:41| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp. Friday reported a smaller net loss for the just-ended fiscal year than earlier projected, underscoring the favorable business environment caused by the yen's weakness.
Windstream 1Q Net Income Falls 13 Percent to $52M
2013-05-09 18:15:49| Grocery - Topix.net
Windstream Corp. of Little Rock on Thursday reported first-quarter net income of $52 million, down 13 percent from the 60 million it reported during the same quarter last year.
US: Craft Brew Alliance reports Q1 net loss as sales slump
2013-05-09 15:06:00| Daily beverage news and comment - from just-drinks.com
Craft Brew Alliance has fallen into the red in the first quarter of 2013 but has said the results are in line with its expectations.
Telecom Italia net profit down sharply, sales fall 8% in Q1
2013-05-09 09:34:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported first-quarter revenues down 8.1 percent year-on-year to EUR 6.796 billion. Domestic revenues fell 10.1 percent to EUR 4.024 billion, and revenues from Brazil and Argentina were dampened by negative currency effects. EBITDA declined 10.1 percent to EUR 2.672 billion, and the margin dropped to 39.3 percent from 40.2 a year ago, hurt by a larger share of business from South America, where margins are lower, and higher smartphone sales. Net profit dropped to EUR 364 million from EUR 605 million in the year-earlier period. Capex fell slightly to EUR 878 million, and operating cash flow plunged to EUR 137 million from EUR 626 million a year ago, hurt by accumulated payments for the previous quarter. This led to an increase in adjusted net debt to EUR 28.77 billion from EUR 28.27 billion at the end of December. The operator still targets debt of less than EUR 27 billion by year-end, as well as flat revenues and a low-single digit percentage drop in EBITDA this year. In addition, the company approved the partial spin-off of its carrier services division Telecom Italia Sparkle, expected to be completed by the third quarter.
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