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Axiata boosts dividends after strong 2012
2013-02-21 10:18:00| Telecompaper Headlines
(Telecompaper) Asia operator Axiata announced plans to nearly double its dividend payments for 2012 after a strong performance from its mobile subsidiaries. Revenues rose 7.3 percent to MYR 17.7 billion and were up 11.7 percent when excluding the forex impact. The growth came from Celcom in Malaysia, where sales rose 7%, XL in Indonesia (+15%), Dialog in Sri Lanka (+15%) and Robi in Bangladesh (+27%). EBITDA increased 4.2 percent to MYR 7.4 billion, while the margin was down 1.2 percent points amid investments in network roll-out to meet the demand for data services. Margins were also impacted following the introduction of SMS interconnection at XL. Net profit rose 7.1 percent to MYR 2.5 billion, helped by a strong contribution from its stake in Indian operator Idea Cellular. Axiata said it will increase its dividend pay-out to 70 percent of net profit from 60 percent, resulting in a final dividend of MYR 0.23 per share. It will also pay a special dividend of MYR 0.12 per share, worth in total MYR 1 billion. The combined total is over MYR 3 billion in dividends for 2012, versus MYR 1.6 billion in 2011.
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strong boosts
Commission Boosts Feed Safety Information
2013-02-20 01:00:00| ThePigSite - Industry News
EU - A new European regulation has come into force this week aimed at providing farmers with more information about what is in the feed they are giving their animals.
Tags: information
feed
safety
commission
Biomass news boosts Drax shares
2013-02-19 13:04:04| BBC News | Business | UK Edition
Shares in power company Drax rise after it says it has made rapid progress in its plans to switch to using biomass fuel.
Tags: news
shares
biomass
boosts
Vasella's $78 million Novartis payout boosts 'fat-cat' crackdown
2013-02-18 17:43:29| Biotech - Topix.net
Novartis's $78 million payout to prevent outgoing chairman Daniel Vasella from working for a rival undermines the cause of campaigners fighting to avoid tougher curbs on executive pay in Switzerland.
Tags: million
crackdown
payout
boosts
MIT team shows targeting metabolic pathways to mitochondria significantly boosts yeast production of isobutanol; potential for other chemicals as well
2013-02-18 12:30:19| Green Car Congress
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