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Xiaomi revenue growth slows to 14% in Q1, margins improve on growing ASP

2020-05-20 14:52:00| Telecompaper Headlines

(Telecompaper) Xiaomi reported slower revenue growth in the first quarter, with sales up 13.6 percent to CNY 49.7 billion. While volumes slowed due to the coronavirus outbreak, the company managed to improve its average selling price thanks a greater focus on premium 5G models and continued expansion in Europe. Gross profit jumped 44.9 percent to CNY 7.56 billion, and adjusted net profit increased 10.6 percent to CNY 10.3 billion.

Tags: asp improve growth growing

SK Telecom's Q1 revenues rise nearly 3% on growing 5G subscriber base

2020-05-07 09:19:00| Telecompaper Headlines

(Telecompaper) South Korean operator SK Telecom posted first-quarter revenues of KRW 4.45 trillion, which represents an increase of 2.7 percent, mainly boosted by 5G subscriber base growth and development of new businesses, including media, security and commerce. Operating income was down 6.4 percent to KRW 302.0 billion due to expanded 5G network investment costs including 5G spectrum licensing fees. First-quarter net income amounted to KRW 306.8 billion, plunging 17.9 percent affected by factors including decreased equity method gains from SK Hynix.

Tags: base growing rise revenues

Pantheon Seeks Partner for Growing Alaska North Slope Projects

2020-04-28 19:50:31| OGI

Analysis of recently completed geophysical work point to an estimated 1.8 billion barrels of oil in place at Pantheons Talitha project in the Alaska North Slope.

Tags: north partner growing projects