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Tag: forex
Ooredoo FY profits lower on forex, Myanmar costs
2014-03-05 08:12:00| Telecompaper Headlines
(Telecompaper) Ooredoo group revenue for 2013 increased by 1.1 percent to QAR 33.9 billion from 2012 with strong performances in Qatar, Algeria and Iraq. Fourth quarter revenue dipped to QAR 8.37 billion from QAR 8.64 billion a year earlier. Full year net profit declined by 12.5 percent to QAR 2.58 billion from QAR 2.95 billion, and Ooredoo posted a 36 percent drop in fourth quarter net profit to QAR 510 million. EBITDA for the full year declined by 6 percent to QAR 14.6 billion from QAR 15.6 billion in 2012. The EBITDA margin fell to 43 percent due to the adverse currency impact of the Indonesian Rupiah, Myanmar start-up costs, brand roll-out costs and the group's investment in Kuwait's recovery strategy.
Tags: lower
costs
profits
myanmar
Vivendi Q4 revenues down 4.6% on SFR, forex effects
2014-02-25 12:14:00| Telecompaper Headlines
(Telecompaper) Vivendi reported a 4.6 percent drop in fourth-quarter revenues to EUR 5.95 billion, as its French telecom operator SFR continued to suffer from tough competition. Canal Plus increased sales 7.2 percent to EUR 1.45 billion, while SFR revenues were down 7.1 percent to EUR 2.58 billion. Universal Music posted a 9.3 percent drop in sales to EUR 1.49 billion, and Brazilian operator GVT's revenues fell 5.1 percent to EUR 412 million, with both units hurt by negative forex effects. Vivendi's adjusted EBITA was up 1.0 percent to EUR 312 million, helped by lower operating costs and a reduction in restructuring charges. Adjusted net profit improved to EUR 292 million from EUR 105 million a year earlier, following the sale of most of its games unit Activision Blizzard. Maroc Telecom, which is planned for sale to Etisalat, is excluded from the net result. On a reported basis, the net result improved to a profit of EUR 556 million versus a loss of EUR 1.48 billion a year ago. This includes EUR 2.92 billion from the Activision sale, offsetting impairment charges of EUR 2.43 billion on SFR. Vivendi reduced net debt to EUR 11.1 billion at year-end, compared to EUR 13.4 billion in 2012, thanks to divestments. The company reiterated its intention to focus on the media and content market and said it's pursuing all potential opportunities to participate in consolidation in the French telecom market.
Tags: effects
revenues
forex
sfr
Forex gains boost MTN's 2013 earnings
2014-02-20 01:00:00| Total Telecom industry news
South African telco predicts 25%-30% increase in EPS for full year.
Tags: earnings
boost
gains
forex
Singtel results under pressure from forex, Australian market
2014-02-13 09:41:00| Telecompaper Headlines
(Telecompaper) Singtel reported a drop in quarterly revenues and lowered its full-year outlook, hurt by negative currency effects and more cautious spending by business customers. Revenues for the three months to December fell 7.3 percent to SGD 4.263 billion, while EBITDA edged up 0.1 percent to SGD 1.264 billion. Net profit for fiscal Q3 improved 5.5 percent to SGD 872 million, helped by a strong contribution from affiliates such as Airtel in India. Free cash flow rose 6.9 percent to SGD 712 million. Singtel said sales would have been down 2 percent and EBITDA up 6 percent if the forex effects were excluded. The lower sales were mainly due to its Australian unit Optus and the slowdown in the enterprise market. For the full year to March, Singtel maintained its outlook a mid single-digit decline in revenue and low single-digit drop in EBITDA. However, revenue for Group Consumer is now expected to decline by low double digits and Group Enterprise by low single digits. The group also cut its capital expenditure budget for the year to SGD 2.2 billion, due to currency effects and delayed spending. Free cash flow is still expected to reach SGD 2 billion for the full year.
Tags: results
market
pressure
australian
Vodafone revenues down 3.6% on weak Europe, forex effects
2014-02-06 08:45:00| Telecompaper Headlines
(Telecompaper) Vodafone Group reported revenues for its fiscal third quarter to December down 3.6 percent from a year earlier to GBP 10.98 billion. On an organic basis, excluding forex effects and acquisitions, revenues were down 4.3 percent, and service revenues fell 4.8 percent to GBP 9.86 billion. The mobile operator continued to suffer from the weak economic climate in Europe, with organic service revenue falling 5.1 percent in the UK, 7.9 percent in Germany, 14.1 percent in Spain and 16.6 percent in Italy. Its emerging markets in Africa and Asia did better, growing revenues 5.5 percent on an organic basis. However, due to negative forex effects, reported revenues there were down 6.1 percent to GBP 3.22 billion. The company started already on its plans for increased investment, with capital expenditure up 20.7 percent year-on-year to GBP 1.81 billion. Free cash flow fell 14.2 percent as a result to GBP 1.03 billion. With the increased investment and growing demand for 4G services, which are now available in 13 of the company's markets, Vodafone said it's confident it can restore revenue growth. The company confirmed its guidance for the full year to March, for adjusted operating profit around GBP 5.0 billion and free cash flow GBP 4.5-5.0 billion. This excldues its 45 percent stake in Verizon Wireless, the sale of which should be completed later this month.
Tags: europe
effects
weak
revenues
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