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Telecoms company Alcatel-Lucent sees loss narrow in 2nd quarter on lower charges
2014-07-31 11:11:15| Telecom - Topix.net
Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
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Samsung sees better market in H2 after drop in Q2 results
2014-07-31 09:04:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a drop in second-quarter results, hurt by the slowdown in the tablet market, costs for launch of its new flagship smartphone and increased competition on the low end of the market, especially in China. Revenues were down to KRW 52.35 trillion from KRW 57.46 trillion a year ago, and operating profit dropped to KRW 7.19 trillion from KRW 9.53 trillion. The mobile handset division recorded operating profit of KRW 4.42 trillion on sales of KRW 28.45 trillion, down from profit of KRW 6.28 trillion and sales of KRW 35.54 trillion a year earlier. Samsung said the smartphone market was flat compared to the first quarter and the tablet market slightly lower. Demand was solid in the US, but weak in Europe due to high channel inventories. In China, 3G demand weakened in anticipation of the launch of LTE, and the company faced heightened competition from local manufacturers. Samsung said the smartphone market is expected to improve in the second half of the year, on the expansion of TD-LTE in China and reduced inventories in Europe, while the tablet market should pick up towards the end of the year due to holiday promotions.
Shell sees 'robust' profits rise
2014-07-31 08:41:08| BBC News | Business | UK Edition
Oil giant Royal Dutch Shell describes its performance as "robust" after its second-quarter profits more than doubled.
Bayer sees 14 percent boost in 2Q profit
2014-07-30 18:51:41| Chemicals - Topix.net
The logo of Bayer AG is seen at the company's headquarters in Leverkusen, Germany.
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UPDATE 1-JFE sees 4 pct profit rise in current year, books loss on coal mines
2014-07-30 18:28:07| Steel - Topix.net
JFE Holdings Inc, Japan's No.2 steelmaker, forecast a 3.6 percent rise in recurring profit for the fiscal year through March on higher margins, though it booked a loss on the sale of a stake in its Australian coal mines, hit by coal prices at near five-year lows.
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