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Net Farm Income Reaches 40-Year High

2013-02-15 20:37:00| National Hog Farmer

By P. Scott Shearer, Bockorny Group, Washington, DC USDA has forecasted that the 2013 net farm income will be $128.2 billion, the highest since 1973, according to USDAs 2013 farm income forecast. read more

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FRANCE: Go Sport posts 2012 net loss of EUR21.9m

2013-02-15 16:20:00| Daily apparel & textile news and comment - from just-style.com

French sportswear retailer Go Sport saw net losses widen during 2012, to EUR21.9m from EUR20m in the prior year.

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US: VF fourth quarter net income rises 32%

2013-02-15 14:02:00| Daily apparel & textile news and comment - from just-style.com

VF Corp saw fourth quarter net income shoot up, driven by sales growth in its outdoor and sportswear divisions combined with improving gross margins.

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Rogers reports Q4 net profit up 30% to CAD 455 million

2013-02-15 09:46:00| Telecompaper Headlines

(Telecompaper) Canadian operator Rogers Communications reported operating revenues up 3 percent to CAD 3.26 billion in the fourth quarter driven by 4 percent growth in mobile services and 13 percent growth in mobile equipment revenues. This compares with CAD 3.16 billion of operating revenues in the year-earlier period. Adjusted operating profit rose 7 percent to CAD 1.18 billion and net profit soared 30 percent to CAD 455 million. Quarterly EPS was up 33 percent to CAD 0.88. CEO Nadir Mohamed cited record quarterly smartphone sales, strong mobile data revenue growth and improvements at the media business. The company achieved or exceeded all of its full-year financial guidance and is well positioned for the current year, he added. Overall wireless data revenues rose by 21 percent year-on-year to CAD 727 million in the fourth quarter. In addition, Mohamed said he planned to step down in January 2014.

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Zain FY net income declines to USD 902 mln

2013-02-15 09:31:00| Telecompaper Headlines

(Telecompaper) Middle East mobile operator Zain announced that its net income for 2012 declined to USD 902 million from USD 1.033 billion in 2011. Revenues fell to USD 4.58 billion from USD 4.79 billion, and EBITDA amounted to USD 2.04 billion, giving an EBITDA margin of 44.5 percent. The board recommended a cash dividend of USD 0.18 per share. Zain's consolidated customer base grew by 6 percent over the year to 42.714 million active customers, good for 2.451 million new lines in the past twelve months. Group chairman Asaad Al Banwan said 2012 had been a challenging year, and Zain's results suffered from exchange rate effects of around USD 109 million. He said Zain continued to adhere to its policy of reducing administrative, operational and finance costs during 2012.

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