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SingTel's half-year profit plunges 60%, revenue up 3%

2018-11-08 08:08:00| Telecompaper Headlines

(Telecompaper) Singapore operator Singtel saw its operating revenue grow 3 percent year-on-year in constant currency terms to SGD 8.40 billion in the half-year ended 30 September, underpinned by strong postpaid mobile customer growth and higher equipment sales across Singapore and Australia. EBITDA fell 3 percent in constant currency terms, driven by lower NBN migration revenues in Australia, lower voice revenue, as well as investments in the Group's digital businesses. 

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M&S revamping weak supply chain to gear up for growth

2018-11-07 12:29:00| Daily apparel & textile news and comment - from just-style.com

The CEO of UK retailer Marks & Spencer has said every aspect of the company including its supply chain is set to undergo "scrutiny and change" as it sets a timeframe of three to five years to return the business to profitable growth.

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Global smartphone shipments down 6% in Q3 as Huawei, Xiaomi catch up with Samsung

2018-11-02 10:32:00| Telecompaper Headlines

(Telecompaper) Global smartphone shipments fell for the fourth consecutive quarter in July to September, accelerating to a 6.0 percent year on year decline (1.8% in Q2) according to the latest report from IDC. A total of 355.2 million units shipped in Q3, compared to 377.8 million a year earlier, as the Chinese market posted declining sales for the sixth straight quarter. IDC continued to maintain that the market will return to growth in 2019 but refrained from specifying what that growth will look like.

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Apple quarterly results better than expected, sees Q4 sales up around 30%

2018-11-02 08:22:00| Telecompaper Headlines

(Telecompaper) Apple reported better-than-expected sales growth for its fiscal fourth quarter to September. Revenues rose 20 percent year-on-year to USD 62.9 billion, and quarterly earnings improved 41 percent to USD 2.91 per share. For the current quarter to December, Apple forecast revenues of USD 89-93 billion, up around 30 percent from USD 88.3 billion a year ago. 

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Dyestuffs made from textile waste set to be scaled up

2018-11-01 11:18:00| Daily apparel & textile news and comment - from just-style.com

Italian textile chemical company Officina+39 is preparing to scale-up production of its Recycrom colour powders made from 100% textile waste.

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