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Zain FY revenue falls 6% to USD 3.78 bln, EBITDA stable
2016-02-10 15:38:00| Telecompaper Headlines
(Telecompaper) Zain Group reported a 6 percent decline in its revenues for 2015 to USD 3.78 billion, while EBITDA was stable at USD 1.66 billion, giving a healthy EBITDA margin of 44 percent. The net profit reached USD 513 million, down 21 percent, reflecting earnings per share of USD 0.13.
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Stable cotton outlook for India but risk of price crash
2016-02-04 10:33:00| Daily apparel & textile news and comment - from just-style.com
India Ratings and Research (Ind-Ra) has maintained a stable outlook for the country's cotton textiles sector in FY16/17 thanks to margin expansion led by lower cotton prices, but has warned of the risk of a potential price crash due to uncertainty in China.
TeliaSonera forecasts stable EBITDA in 2016
2016-01-29 08:51:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported fourth-quarter sales from continuing operations up 5.9 percent to SEK 22.655 billion. Service revenues in local currencies, excluding acquisitions and disposals, grew 1.1 percent. Adjusted EBITDA rose 11.1 percent to SEK 6.556 billion, and the margin improved to 28.9 percent from 27.6 a year ago. The company's net result was a loss of SEK 3.010 billion or SEK 0.70 per share, compared to a profit of SEK 2.938 billion or SEK 0.68 per share a year earlier, due to writedowns of SEK 7.20 billion, mainly on the activities in Eurasia up for sale. Over the full year, organic EBITDA was up 0.1 percent, better than the company's forecast for a small decline, while organic revenue growth was 2.4 percent over all of 2015. TeliaSonera said it targets stable organic EBITDA again in 2016, while the high level of investment will also continue, due to the accelerated roll-out of fibre in Sweden and restructuring of legacy IT and product systems in order to reduce costs.
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Fitch Rates Crown Castle's Sr Unsecured Note Offering 'BBB-'; Outlook Stable
2016-01-29 00:23:31| Telecom - Topix.net
CHENNAI/NEW YORK/MUMBAI, January 28 Fitch Ratings has assigned a 'BBB-' rating to Crown Castle International Corp.'s new senior unsecured note offering. Net proceeds, along with cash on hand, will be used to repay a portion of the borrowings under its new credit facilities including the 364-day senior unsecured revolving credit facility .
Tags: note
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Fitch Rates Crown Castle's Sr Unsecured Note Offering 'BBB-'; Outlook Stable
2016-01-28 21:11:38| IT Services - Topix.net
CHENNAI/NEW YORK/MUMBAI, January 28 Fitch Ratings has assigned a 'BBB-' rating to Crown Castle International Corp.'s new senior unsecured note offering. Net proceeds, along with cash on hand, will be used to repay a portion of the borrowings under its new credit facilities including the 364-day senior unsecured revolving credit facility .
Tags: note
rates
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