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Kubota sees profit staying flat for fiscal 2014
2014-05-14 00:59:39| Steel - Topix.net
Kubota Corp., Japan's leading manufacturer of farm equipment, expects net profit for fiscal 2014 to come in at 130 billion yen , relatively unchanged from the previous year's record-breaking level.
Saudi's SABIC sees oil-to-chemicals plant start-up by 2020
2014-05-13 22:20:40| Chemicals - Topix.net
Saudi Basic Industries Corp expects its planned oil-to-chemicals plant to start operations by the end of 2020, it said on Tuesday.
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NTT misses FY outlook, sees flat profits in 2014
2014-05-13 10:28:00| Telecompaper Headlines
(Telecompaper) Japanese operator NTT reported annual results slightly below its outlook, due to a weak performance at its mobile unit Docomo. Revenues were up 2.1 percent to JPY 10.925 trillion in the 12 months to March, but fell short of a target of JPY 11 trillion. Operating profit rose 1.0 percent to JPY 1.214 trillion, versus a target of 1.230 trillion. Net profit still increased 12.2 percent to JPY 585.5 billion, in line with guidance, and NTT increased its dividend slightly to JPY 170 per share. For the current year to March 2015, NTT expects growth in revenues of around 2.5 percent, but operating and net profit will be little changed year-on-year. The dividend should rise again, to JPY 180 per share, and the company plans to spend JPY 250 billion buying back shares from the government. NTT said it will reduce capex slightly this year, to JPY 1.750 trillion from JPY 1.796 trillion last year, taking the ratio to sales to 15.9 percent. It aims to bring this down further to 15.0 percent in the following year, helped by a targeted JPY 600 billion in cost savings on its access network. This target was increased by JPY 100 billion and compares to the cost base in 2011 when it started the network rationalisation programme.
Tags: flat
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Sappi sees return to full-year profit
2014-05-12 16:43:00| Paper - Topix.net
Cost cuts and a focus shift to higher margin products has put the pulp and paper producer on track to performing better than it has in five years.
Tags: return
profit
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sappi
GE oil chief sees more growth despite Alstom deal
2014-05-12 15:50:29| Oil & Gas - Topix.net
General Electric Co 's $16.9 billion bid for Alstom SA's power business will do little to slow down GE's oil and gas division, according to the head of the unit, even though such a transaction could preclude any more big deals by the U.S. conglomerate until after next year.
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