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Vivendi revenues up 5.9% in Q4, net profit falls 17.8%

2013-02-26 09:53:00| Telecompaper Headlines

(Telecompaper) Telecom and media group Vivendi reported revenues up 5.9 percent to EUR 8.24 billion in the fourth quarter of 2012, driven by a 25.7 percent increase to EUR 1.36 billion at games subsidiary Activsion Blizzard. Vivendi's operating margin grew by 8.6 percent to EUR 3.77 billion. The group reported EBITA down 4.2 percent to EUR 952 million and an adjusted net profit down 17.8 percent to EUR 356 million. Vivendi's French operator, SFR, saw its sales fall 8.7 percent to EUR 2.78 billion in the fourth quarter. It made a EUR 50 million EBITA loss, compared to a EUR 393 million profit a year earlier. Vivendi chairman Jean-Francois Dubos said that all subsidiaries reached their outlook for the full year, despite a challenging economic environment. He added that the group's ongoing strategic review would define when appropriate the right paths to increase overall value and best serve shareholder interests.

Tags: net falls profit revenues

 

NET Midstream to construct natural gas pipeline system to Mexico

2013-02-26 01:00:00| Hydrocarbons Technology

US-based NET Midstream, a wholly-owned subsidiary of NET Holdings Management said that it will construct a 124-mile and 42in diameter Net Mexico natural gas pipeline system on the Texas / Mexico border.

Tags: net system natural mexico

 
 

Abercrombie & Fitch 4Q net income rises

2013-02-22 15:59:25| Apparel - Topix.net

Teen apparel retailer Abercrombie & Fitch said Friday that its net income rose in the fourth quarter as the company opened new stores abroad, but a key revenue metric declined during the all-important holiday quarter.

Tags: net income rises fitch

 

North Korea readies mobile Net service, but not for residents

2013-02-22 07:20:00| CNET News.com

A month after getting cell phone access, foreigners inside the country will soon get 3G mobile access to the Internet, a privilege not afforded to residents. [Read more]

Tags: service net north mobile

 

High-end spending, improved service boosts Nordstroma s 4th-quarter net income 20 per cent

2013-02-22 04:25:26| Apparel - Topix.net

Nordstrom posted a 20 per cent increase in fourth-quarter net income as high-end shoppers kept spending on clothing and makeup, and customers responded positively to its service improvements.

Tags: service net income improved

 

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