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Tuenti hits 240,000 mobile customers, reduces losses
2015-04-14 09:31:00| Telecompaper Headlines
(Telecompaper) Spanish company Tuenti has announced that 98 percent of its revenues now come from its Tuenti Movil MVNO, completing the transformation from its origins as a social network. In a blog post, the company revealed that its revenues for 2014 came in at EUR 21 million, around 25 percent up on the previous year's result, thanks above all to the 72 percent growth of its MVNO, which now has a customer base of 240,000 just over three years after launching in February 2012. "We've reinvented Tuenti, as a product, as a company and as a business model. Our revenues have more than doubled since 2010 when they came exclusively from advertising," said Tuenti CEO Sebas Muriel. According to Europa Press, the company reduced its overall losses by 33 percent in 2014, to a negative EUR 16 million.
Tags: mobile
customers
hits
losses
Brent futures extend losses over increase in US crude oil inventories
2015-04-09 01:00:00| Offshore Technology
Brent and US crude futures saw further loss by more than $2 on Wednesday, after data from the country's Energy Information Administration highlighted an increase in national crude oil inventories by nearly 11 million barrels last week.
Tags: increase
oil
extend
losses
Huge Losses in Alibaba Group Holding Ltd (NYSE:BABA) Not Enough to...
2015-04-08 19:49:36| Chemicals - Topix.net
Considering that the second-largest holding of Dan Loeb 's Third Point , Alibaba Group Holding Ltd , lost 19.92% of its stock value during the first quarter, the fund still managed to post impressive returns of 3% during that period according to our methodology, which takes into account the holdings of funds in companies exceeding $1 billion in market cap at the beginning of the quarter. Accordingly, Third Point's returns were based on 34 of its holdings.
Perry Ellis FY losses widen and sales tumble
2015-04-02 18:05:28| Daily apparel & textile news and comment - from just-style.com
US apparel business Perry Ellis International said that while the business performed well in its last fiscal, the West Coast port disputes disrupted its supply chain, leading to higher losses and a decline in sales.
Tags: sales
losses
perry
ellis
Cotton value gains could cut area losses
2015-04-02 13:08:00| Daily apparel & textile news and comment - from just-style.com
Recent gains in cotton's price attractiveness could put a halt to the loss in planted area to competing crops such as wheat and maize, says the International Cotton Advisory Committee (ICAC).
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