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Environment Canada to report drop in pollutants amid pipeline debate

2013-02-15 12:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: Ottawa is set to proclaim a dramatic decline in key pollutants like heavy metals and sulphur as it seeks to burnish its environmental record in the face of criticism at home and in the United States. In a report to be released on Friday, Environment Canada says emissions of mercury and lead were down 23 per cent and 21 per cent respectively in 2011 from the previous year, while sulphur oxides were 7 per cent lower and nitrogen oxide was down 6 per cent. The 2011 report does not cover carbon dioxide...

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CAE cites restructuring, acquisition costs for drop in Q3 profit; revenue up 15%

2013-02-13 18:30:51| Electronics - Topix.net

Flight simulator builder CAE Inc. says restructuring, integration and acquisition costs contributed to a reduced net profit its fiscal third quarter.

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Peugeot Posts First Loss in Three Years as Car Sales Drop

2013-02-13 14:41:35| Auto Dealers - Topix.net

PSA Peugeot Citroen , Europe's second-biggest carmaker, reported its first operating loss in three years as a contraction in the regional vehicle market caused its automotive division's cash consumption to accelerate.

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Gazprom reports drop in net profits in 2012; aims for export rise in 2013

2013-02-13 01:00:00| Hydrocarbons Technology

Russia-based global energy company Gazprom said that its revenues and net profits dropped in 2012, as the company tried to manage its oil-indexed pricing formula with a need to be more flexible when selling pipeline gas to Europe amid sluggish demand

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TP cuts dividend, capex as revenue drop accelerates

2013-02-12 14:53:00| Telecompaper Headlines

(Telecompaper) Polish operator Telekomunikacja Polska saw its Q4 revenues drop 6.4 percent year-on-year to PLN 3.484 billion. Mobile segment revenues decreased 6.3 percent to PLN 1.815 billion, while fixed segment revenues declined by 2.8 percent to PLN 1.990 billion. EBITDA was PLN 1.003 billion, down by 19.6 percent compared to Q4 2011, while the EBITDA margin dropped by 4.7 percent to 28.8 percent. Net free cash flow decreased by 44.4 percent to PLN 509 million, and net income fell 85.8 percent to PLN 51 million. After a 4.1 percent fall in revenue over the full year, TP said it anticipates a steep decline in revenue again in 2013, driven by further MTR cuts, as well as the ongoing price war in the mobile market. TP said it will significantly accelerate its cost savings measures and does not exclude outsourcing or asset disposals as a means to increase efficiency. Capex will be less than PLN 2 billion in 2013, with the view to bringing it down to 12-13 percent of revenues in future. TP said it's also committed to preserving financial strength by keeping its net gearing below 40 percent and the net debt to EBITDA ratio below 1.5x. In this context, recognising the market volatility and potential new capital requirements, it decided to take a more cautious position with regards to shareholder remuneration. The company aims to pay a dividend of at least PLN 0.5 per share in mid-2013, down from PLN 1.50 last year.

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