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Tag: forex
Singtel growth slows on forex effects, Australia
2014-05-15 09:26:00| Telecompaper Headlines
(Telecompaper) Singapore Telecommunications (SingTel) reported net profit for its fiscal fourth quarter up 3.5 percent year-on-year to SGD 898 million. Growth was held back by the weaker Australian dollar and regional currencies; excluding the currency effects, net profit would have grown 13 percent. The operator said it profited from a solid consumer business in its home market and a strong return from its stake in Indian operator Bharti Airtel. Pre-tax earnings from its holdings in mobile operators abroad increased 9 percent to SGD 558 million. Operating revenue was still down 7.9 percent to SGD 4.128 billion and fell 1.1 percent on a constant currency basis. This was due to the earlier flagged weaker performance at Optus in Australia and in the Enterprise segment. EBITDA dropped 9.2 percent to SGD 1.297 billion, and free cash flow was 31.4 percent lower at SGD 868 million. Over the full year, Singtel reported a small drop in revenue and higher profits. For the current year to March 2015, it expects stable revenue and EBITDA, and capital expenditure around SGD 3.2 billion.
Tags: australia
effects
growth
forex
Telefonica Q1 results drop on forex, Czech sale
2014-05-09 08:29:00| Telecompaper Headlines
(Telecompaper) Telefonica reported first-quarter revenues down 13.5 percent from a year earlier to EUR 12.232 billion, hurt by negative exchange rate effects and the sale of its Czech operations. OIBDA was down 14.0 percent to EUR 3.929 billion, and net profit fell 23.2 percent to EUR 692 million. Excluding the forex effects and change in scope, the operator reported revenues up 1.5 percent and OIBDA 0.5 percent higher on organic basis. Telefonica reduced capital expenditure by 19.9 percent compared to the year-earlier quarter to EUR 1.555 billion, mainly due to lower spending on spectrum. Net debt was cut by EUR 2.657 billion in Q1 to EUR 42.724 billion at the end of March, equal to 2.30x OIBDA. Telefonica said the organic growth shows its strategy of focusing on customer service and network quality is paying off. The company reiterated its full-year outlook for positive organic sales growth, a flat to slightly lower EBITDA margin, higher capex of 15.5-16 percent of revenues and net debt under EUR 43 billion by the end of 2014.
America Movil growth slows on forex effects
2014-04-30 09:06:00| Telecompaper Headlines
(Telecompaper) America Movil saw its growth slow in the first quarter, due to negative currency effects and the increased regulation in its home market Mexico. Revenues were up 1.3 percent from a year ago to MXN 195.4 billion, and EBITDA rose 1.7 percent to MXN 64.9 billion. Excluding forex effects, the figures were up respectively 6.9 and 6.7 percent. Net profit was hurt by increased financing costs, dropping 48.3 percent to MXN 13.9 billion or MXN 0.20 per share. The company spent MXN 19.1 billion on capital investments in the quarter, while also reducing debt by MXN 2.2 billion, buying back MXN 12.6 billion in shares and acquiring assets for MXN 1.4 billion. Net debt of MXN 440 billion was worth 1.6x annual EBITDA at the end of March. America Movil finished the quarter with 272.2 million mobile customers, up by 2.3 million from three months earlier. The net additions included 1.4 million from the acquisition of Page Plus in the US and 769,000 new postpaid customers, as well as 980,000 disconnections of inactive customers in Latin America. The number of revenue-generating units in the fixed market rose by 1.2 million in the quarter, of which 571,000 in TV and 492,000 in broadband, to a total 70.7 million at the end of March.
Tags: america
effects
growth
forex
Credit Suisse rebuffs forex probe
2014-04-16 09:51:32| BBC News | Business | UK Edition
Swiss bank Credit Suisse has found nothing "materially untoward" in how it trades foreign currencies, finance officer David Mathers has said.
Tags: credit
suisse
probe
forex
Chinese airlines caught in forex crosswinds as Beijing eases grip on yuan
2014-03-27 02:46:52| Airlines - Topix.net
Chinese airlines, already grappling with half-empty premier cabins due to Beijing's austerity drive, will be tested next in their ability to hedge against currency risks as China looks set to allow greater two-way swings in the yuan.
Tags: on
chinese
caught
beijing
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