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UK: SABMiller sees FY profits, sales climb
2013-05-23 11:09:00| Daily beverage news and comment - from just-drinks.com
SABMiller has posted a fall in full-year profits, but hailed a strong performance as sales grew in almost all regions.
Tags: sales
sees
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climb
UK: SABMiller sees FY profits drop despite sales increase
2013-05-23 10:36:13| Daily beverage news and comment - from just-drinks.com
SABMiller has posted a fall in full-year profits but hailed a strong performance as sales grew in almost all regions.
Tags: sales
increase
drop
sees
Saudi Arabia sees win-win in solar energy boom
2013-05-23 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Arabian Business: A slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity at less than half the cost. Riyadh plans to install 41,000 megawatts (MW) of solar power over the next 20 years, but to date has built only 12 MW - or less than even Britain installed in early May. Despite year round sunshine, the oil and gas rich countries of the Gulf have lagged far...
Tags: energy
arabia
saudi
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Axiata group sees profit grow 5%
2013-05-23 02:32:00| Telecompaper Headlines
(Telecompaper) Mobile operator group Axiata posted a first quarter net profit of MYR 675.2 million, up 4.7 percent from MYR 644.9 million in the year-ago period, mainly due to foreign exchange gains. Higher profit contribution in Sri Lanka and Bangladesh operations also brought back positive growth to the group. Revenues were up 5.5 percent to MYR 4.5 billion from MYR 4.2 billion in Q1 2012 as slower momentum in traditional revenues was cushioned by strong growth in data at Celcom and XL. EBITDA, however, dipped 2.4 percent to MYR 1.8 billion, due to higher costs associated with the push for data coverage expansion, especially at XL. EBITDA was also impacted following the introduction of SMS interconnection and price competition at XL which started in the second quarter 2012. The company's total mobile subscriber base grew 9.4 percent across the group to 219 million. For FY 2013, Axiata expects revenue growth of 7.6 percent and EBITDA growth of 0.2 percent.
Clearwire investor group sees new Sprint offer as too low
2013-05-23 02:00:00| Total Telecom industry news
Four shareholders extend pact to push for higher price for U.S. mobile broadband provider.
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