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FrieslandCampina reports 26.9% increase in full-year 2012 net earnings

2013-03-18 01:00:00| Food Processing Technology

Dutch dairy cooperative Royal FrieslandCampina has reported a 26.9% increase in its full year net earnings to 274m, compared with 216m in 2011, driven by a higher operating profit and lower financing costs.

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Exxon: North America to become net energy exporter by 2025

2013-03-14 10:10:30| Energy - Topix.net

Exxon Mobil, which owns Fort Worth's XTO Energy, said North America may be able to export 15 percent of its natural gas output and 5 percent of oil by 2040 as the region's production surges and demand stalls.

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China Mobile net profit growth slows on rising costs, competition

2013-03-14 01:00:00| Total Telecom industry news

Chinese mobile operator posts 2012 net profit of $20.8 billion.

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Stage Stores 4Q net income rises 9 pct

2013-03-12 16:38:34| IT Services - Topix.net

Stage Stores Inc. said Tuesday that its fourth-quarter net income rose 9 percent, but it fell short of Wall Street predictions and the company issued a disappointing sales forecast for the year.

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Telecom Italia FY net loss hits EUR 1.6 bln on writedowns

2013-03-08 11:45:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has published its final results for 2012, showing a net loss of EUR 1.6 billion due to goodwill writedowns. The loss included over EUR 4 billion in impairment charges on Olivetti and the buy-out of minority shareholders in TIM, which the operator said were due to the poor market outlook and weak economic climate. In 2011, the operator reported a net loss of EUR 4.8 billion, also impacted by asset writedowns. Excluding the one-time items, net profit fell to EUR 2.4 billion from EUR 2.5 billion in 2011. Telecom Italia emphasized the charges are non-cash, and do not affect its debt reduction targets or medium-term guidance issued with preliminary annual results. It proposed a dividend of EUR 0.02 per ordinary share and EUR 0.031 per savings share, for a total distribution of EUR 454.4 million. Operating free cash flow amounted to EUR 6.47 billion in 2012, a EUR 703 million increase on 2011.

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