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Tag: lower
Zain FY profits lower on forex, political problems
2015-02-02 07:41:00| Telecompaper Headlines
(Telecompaper) Zain Group announced net profit of USD 685 million on revenues of USD 4.3 billion in 2014. Zain served 44.3 million customers at the end of the period, reflecting a 4 percent decline year-on-year. The group said the decline in customers was due a new definition of "active customer" implemented by the regulator in Iraq and a new registration policy implemented by Sudan's regulator. Profit was also affected by the political instability in Iraq during the second half of 2014, which resulted in frequent network interruptions and associated higher network operational costs. EBITDA for the period reached USD 1.8 billion, giving an EBITDA margin of 41.8 percent. Excluding currency effects, net profit would have been relatively stable for the year. The board recommended a cash dividend of USD 0.14 per share. For the fourth quarter of 2014, Zain recorded revenues of USD 1.0 billion, EBITDA at USD 406 million, an EBITDA margin of 40.4 percent and net profit of USD 115 million. Group chairman Asaad Al Banwan said that despite geo-political challenges and unavoidable currency issues in several markets, the board remains confident that management is implementing the right strategy in driving the business forward.
Tags: problems
lower
political
profits
Air-bag recalls force Honda to lower its profit forecast
2015-01-31 14:41:55| Automakers - Topix.net
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Tags: lower
force
profit
honda
Microchip Technology reports lower income, higher revenue in 3Q
2015-01-31 04:39:20| Electronics - Topix.net
Microchip Technology Inc. reported lower revenue for the third quarter, the result of season demand dropping in the semiconductor and microelectronics industries. The Chandler-based semiconductor and microcontroller manufacturer reported income of $86 million, or 39 cents per share, on revenue of $528.7 million for its third quarter that ended Dec. 31, 2014.
Tags: technology
reports
lower
higher
Microchip Technology reports lower income, higher revenue in 3Q
2015-01-31 01:40:48| Semiconductors - Topix.net
Microchip Technology Inc. reported lower revenue for the third quarter, the result of season demand dropping in the semiconductor and microelectronics industries. The Chandler-based semiconductor and microcontroller manufacturer reported income of $86 million, or 39 cents per share, on revenue of $528.7 million for its third quarter that ended Dec. 31, 2014.
Tags: technology
reports
lower
higher
Will lower crude oil prices increase soybean sales to China?
2015-01-30 19:43:00| Corn & Soybean Digest
I continue to believe the herd has taken on a "sell the rallies" type mentality. This will obviously keep a lid on prices and make getting back above $10 near-term a tough task. Grain Market Viewpoint read more
Tags: sales
china
increase
prices
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