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Schlumberger Profit Beats As International Gains Offset Weak North America

2019-10-18 15:15:37| OGI

Schlumberger NV beat Wall Street estimates for profit on Oct. 18, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America.

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Axiata Group's Q1 profit doubles on one-off gains from M1 divestment

2019-05-29 09:31:00| Telecompaper Headlines

(Telecompaper) Axiata's cash balance grew to MYR 6.8 billion in the first quarter of 2019, up from MYR 5.1 billion in 2018, following the M1 divestment which resulted in an estimated MYR 1.65 billion cash gain. Axiata agreed to sell its stake in Singapore operator M1 in the buy-out offer from shareholder Keppel. 

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Verizon Q1 profit up on tax gains, loses phone customers

2018-04-24 15:01:00| Telecompaper Headlines

(Telecompaper) Verizon reported first-quarter earnings of USD 1.11 per share, up from 84 cents a year ago, helped by the US tax reform and new accounting standards for revenue recognition. Revenues rose 6.6 percent to USD 31.8 billion and were 3.2 percent higher on an organic basis. Wireless service revenues were still down 2.4 percent year-on-year, but Verizon said the result excluding the accounting impact was flat over the quarter and positive in March. 

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Toyota-led profit gains at risk as Japan's carmakers face stronger yen

2016-02-18 08:48:28| Automakers - Topix.net

TOKYO -- Japanese automakers may have run out of the fuel that's driven profits higher for four years: the weaker yen. Toyota Motor Corp. and Japan's six other automakers may combine to earn 4.55 trillion yen in the fiscal year through March 2017, according to analysts estimates compiled by Bloomberg.

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Axiata Group profit jumps 45.9% boosted by tower gains at XL

2015-11-27 13:13:00| Telecompaper Headlines

(Telecompaper) Axiata Group saw its revenue increase by 7.6 percent quarter-on-quarter to MYR 5.1 billion in the third quarter of 2015. EBITDA was up 8.7 percent to MYR 1.9 billion, and profit after taxation and minority interests (PATAMI) jumped 45.9 percent to MYR 891 million. PATAMI growth was mainly driven by one-off tower gains at XL1 and foreign exchange gains, the company said.

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