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Tag: forex
Akzo Nobel profit boosted by forex, revamp
2015-04-21 10:04:36| Chemicals - Topix.net
Akzo Nobel NV said Tuesday that first-quarter net profit rose 24% as the Dutch paint and chemicals maker benefited from currency gains and restructuring efforts. Amsterdam-based Akzo Nobel, known for paints such as Dulux and Sikkens, said net profit was 160 million euros in the first three months of 2015, up from EUR129 million in the same period a year earlier.
Tags: profit
nobel
forex
boosted
Kimberly-Clark's Forex Issues Should Be Priced Into The Stock Already
2015-04-03 09:12:34| Paper - Topix.net
The strong dollar during the first quarter is a very well-known issue and should be priced into the stock already. On the flip side of that coin, BMO downgraded the stock, saying that the forex issues aren't already taken into consideration in the stock price.
The General, Unfazed By Forex Hit, Trudges On
2015-03-25 14:40:56| Agriculture - Topix.net
As we've come to expect from GIS, a little bad news isn't enough to stop the slow, steady march of growth and returns, whether real or contrived. While forex and other headwinds stifled growth for the quarter, we see easy comparables and increasing margins on the horizon.
America Movil net profit down 78% in Q4 on forex effects
2015-02-11 08:02:00| Telecompaper Headlines
(Telecompaper) America Movil reported fourth-quarter net profit down 77.8 percent from a year earlier to MXN 3.612 bilion, hurt by fluctuations in exchange rates. EBITDA was also down 0.7 percent to MXN 67.67 billion, and EBIT dropped 5.2 percent to MXN 33.63 billion due to higher deprciation and amortisation charges. Pro forma for the acquisition of Telekom Austria, revenues rose 2.7 percent year-on-year to MXN 229.3 billion. At constant exchange rates, service revenue growth slowed to 3.2 percent, as regulatory cuts in interconnection rates in markets such as Mexico and Brazil impacted voice revenues. Mobile data continued to be the strongest growth driver, with revenues up 14.6 percent, followed by pay TV revenues up 12.7 percent. Fixed broadband revenues increased by 12.0 percent. Overall, service revenues rose 0.7 percent to MXN 197.44 billion, and equipment revenues increased 14.7 percent to 31.86 billion. Net debt increased slightly over the year on a pro forma basis, to MXN 533.4 billion from MXN 518.6 billion, and was equal to 1.7 times EBITDA after adjusting for currency exposure. America movil spent MXN 149.7 billion on capex last year, equal to 16.9 percent of revenues, while also returning MXN 52.1 billion to shareholders in dividends and share buybacks.
Nissan lifts profit guidance on forex windfalls, cost cuts
2015-02-09 11:45:52| Automakers - Topix.net
Nissan Motor Co lifted its annual earnings forecast on Monday, expecting its highest operating profit in seven years due to favourable currency movement and further cost cuts. Japan's No.
Tags: cost
profit
guidance
cuts
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