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Lenovo posts FY loss as mobile losses offset PC recovery
2018-05-24 08:47:00| Telecompaper Headlines
(Telecompaper) Lenovo posted a net loss for its fiscal year to March of USD 189 million, versus a profit of USD 535 million a year earlier, hurt by continued losses at its smartphone and data centre businesses and a writedown of tax assets after the US corporate tax reform. Revenues rose 5 percent to USD 45.35 billion, as the PC division returned to growth, while operating profit dropped 42 percent to USD 387 million. The company maintained its dividend at HKD 20.5 cents per share.
Clarks optimistic on future despite moving to a loss
2018-05-23 16:16:00| Daily apparel & textile news and comment - from just-style.com
UK footwear manufacturer Clarks has sounded an upbeat note despite moving to a loss in its last financial year, hurt by historic losses in the US.
Mothercare posts GBP72.8m full-year loss
2018-05-18 12:38:00| Daily apparel & textile news and comment - from just-style.com
Ailing UK-based mother, baby and children's goods retailer Mothercare has posted what one analyst called a "disastrous" set of full-year results, adding it is "no wonder" the company has had to resort to a drastic restructuring plan.
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Gordon Ramsay's restaurant group reports loss as sales fall
2018-05-17 12:54:53| BBC News | Business | UK Edition
The high profile restaurant group has suffered lower sales and plans to close its London venue, Maze.
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Veon organic revenues rise but net loss widens in Q1
2018-05-14 09:12:00| Telecompaper Headlines
(Telecompaper) Total revenues dipped 1.4 percent lower from the year before to USD 2.250 billion, hurt by the devaluation of the Uzbek and Pakistani currencies. Organically, revenues lifted 3.2 percent, driven by operations in Russia, Pakistan, Ukraine and Uzbekistan, partially offset by continued weakness in Algeria and Bangladesh. Revenues from mobile data meanwhile jumped almost 16 percent to USD 505 million. Total mobile customer numbers, excluding the company's Italian joint venture, advanced 1.8 percent year-on-year to 210 million.
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