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Polymer Group narrows loss
2013-03-30 04:15:18| Industrial Machines - Topix.net
Polymer Group Inc. reports a net loss of $15 million for the fourth quarter, up from a net loss of $21.4 million in the last quarter of 2011.
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European weakness leads to 2.4% sales dip, loss for Natuzzi
2013-03-29 05:49:45| Furniture - Topix.net
Despite a 17.4% jump in sales in the Americas, leather upholstery major Natuzzi reported a fourth-quarter net loss of $15.7 million as worldwide sales fell 2.4%. The company said its gains in the Americas were more than offset by weak sales in Europe, where several countries are still mired in a recession.
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DGSE's Revenue -8%, Reports on Its Loss and Expansion Plans
2013-03-29 00:12:29| Jewelry - Topix.net
DGSE Companies reported that revenue slipped 8 percent year on year to $128 million in 2012, citing a drop in demand for bullion during the year.
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Loss Of Arctic Ice May Be Cause Of This Chilly Spring
2013-03-27 21:18:00| Climate Ark Climate Change & Global Warming Newsfeed
RedOrbit: Have you been experiencing the coldest spring weather in recent memory? Its probably because of global warming. According to climate scientists, warmer than average temperatures have thrown a monkey wrench into global weather patterns by melting Arctic sea ice at record rates during the summer months. "Ironically ... as the ice pack retreats and the Arctic heats up, there`s a counteracting tendency in middle latitudes for colder winters, as well as hotter summers," said Stephen Vavrus, senior...
ZTE posts FY loss on lower revenues, margins
2013-03-27 17:40:00| Telecompaper Headlines
(Telecompaper) ZTE reported annual revenue down 2.4 percent in 2012 to CNY 84.2 billion, hurt by delays in some network contracts and lower sales of feature phones. In its home market China, revenues were stable at CNY 39.6 billion, while sales abroad fell 4.5 percent to CNY 44.7 billion. Revenues from carrier network equipment fell 10.6 percent to CNY 41.6 billion, and sales of end-user devices dropped 4.1 percent to CNY 25.8 billion. In software, services and other products, where ZTE has been looking to expand in the government and enterprise segments, the group grew revenues 31.1 percent last year to CNY 16.8 billion. The gross margin declined, hurt by a number of low-margin contracts in China, Africa and South America, the company said. The operating result moved to a loss of CNY 143 million from a profit of CNY 3.94 billion a year earlier, and in line with its earlier profit warning, the company recorded a net loss of CNY 2.84 billion for the year, versus a profit of CNY 2.06 billion in 2011. Operating cash flow moved to a positive CNY 1.87 billion, from a negative CNY 1.81 billion in 2011, and the group posted its first positive free cash flow in three years.
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