Wireless Federation » archive for 'Profit'
Spirent Communications earns a profit of $44.47 million (UK)Spirent Communications, British telecoms company, posted H1′08 profit of 22.6 million pounds ($44.47 million), up from 8.1 million pounds, reason being the increased demand for broadband wireless testing.
H1 revenues grew 6% to 120.5 million. “Trading in July has given an encouraging start to the second half-year and the outlook for the rest of the year continues to be in line with our expectations,” the company said in a statement.
Elisa posts a steep fall in Q2 profits (Finland)Elisa, Finland’s telecom operator, has posted a steep fall in second-quarter profits, but repeated it sees sales and profits in 2008 flat year-on-year.
Elisa reported April-June earnings per share of 0.20 euro, compared with 0.31 euro a year earlier.
NTT DoCoMo sees a rise of 45% in Q2′08 profit (Japan)NTT DoCoMo Inc, Japan’s top mobile phone operator, has declared its quarterly profit which rose 45 percent after it slashed incentives on handsets, and it kept its full-year forecast for small earnings growth.
DoCoMo, which has KDDI Corp and Softbank Corp as competitors in Japan’s tough mobile market, said its group operating profit totalled 296.5 billion yen ($2.75 billion) in the three months ended June, against a 203.9 billion yen profit a year earlier.
For the year to March, DoCoMo kept its profit forecast at 830 billion yen, up 2.7 percent from the previous year.
DoCoMo’s earnings were boosted by the introduction in November of an instalment payment plan, which shrank incentives paid to handset retailers and lowered the company’s cost burden.
Slower handset sales dented overall sales in the quarter, but helped profits by reducing procurement costs and distribution fees.
Sonaecom incurs EUR6.7 million loss in Q2′08 (Portugal)Portuguese telecommunications company Sonaecom reported a EUR6.7 million loss for the second quarter, compared with a EUR1.3 million profit a year ago, with higher investment offsetting the positive effect of a growth in sales.
Revenue rose 10.9% to EUR237.9 million from EUR214.5 million, while earnings before interest, taxes, depreciation and amortization, or Ebitda, fell 11.7% to EUR34.6 million from EUR39.2 million.
Operating capital expenditures rose 27.3% to EUR35 million, driven by higher investment in its mobile business.
Sonaecom said its Optimus cellular unit raised its customer base by 11.5% to 2.9 million in the three months to the end of June, while net additions grew 25.3% to over 55,000.
Verizon Q2 net up by 12% as wireless covers declines in landline and DSL (US)Verizon Communication’s second-quarter net income rose nearly 12% as continued strength in wireless covered for steep declines in its traditional landline and DSL businesses.
Verizon reported second-quarter net income of $1.88 billion, compared with a year-earlier profit of $1.68 billion.
Revenue, meanwhile, rose slightly to $24.12 billion from $23.27 billion a year ago.
While earnings exceeded Wall Street’s earnings estimate of 65 cents a share, revenue fell short of analysts’ projection of $24.18 billion.
“Wireless really continues to be stunningly impressive,” analysts said.
Verizon Wireless will be turning up the pressure on the industry when it completes its $28.1 billion acquisition of Alltel Corp., expected by the end of the year. The merger will make it the largest U.S. carrier by subscriber base.
Idea Cellular Q1′08 profit falls by 14.7% (India)Idea Cellular has reported a 14.7% fall in first quarter net profit, hit by foreign exchange losses and the expiry of a 2% concession in licence fees for seven service areas. In the three months ended 30 June 2008 profit after tax wasUSD55.1 million (INR2.63 billion ), compared to INR3.09 billion a year earlier. Total revenues rose to INR21.78 billion from INR14.78 billion while EBITDA climbed from INR5.14 billion to INR7.2 billion. During the quarter Idea added 3.19 million new subscribers to its base to take the total to 27.19 million.
Batelco reports a 15.1% fall in net profit (Bahrain)Bahrain Telecommunications Company (Batelco) has reported a 15.1% year-on-year fall in second-quarter net profit to USD61.99 million (BHD23.37 million), as rising costs and a drop in non-core earnings offset higher revenues from foreign and domestic telecoms operations. Group turnover in the three months ended 30 June rose 17.9% to BHD82.38 million. However, this could not make up for network operating expenses which climbed 32.9% to BHD25.48 million, a 49.9% increase in general and administrative costs to BHD10.63 million, and employee benefits expenses which rose 18.6% to BHD12.35 million. The telco also posted a sharp decline in ‘other’ income from BHD5.15 million in Q2 2007 to BHD461,000 in the most recent quarter, without giving further details. Batelco operates in Bahrain, Jordan, Yemen, Kuwait and Egypt, and is aiming to continue expanding to earn 80% of its revenues from foreign operations in the next five years, up from around a third currently. Domestically, the company finished the second quarter with 70,000 fixed broadband subscribers and 202,000 basic fixed lines in service. Batelco also reported that its mobile customer base across Bahrain, Jordan and Yemen reached 3.8 million at the end of June.
DTAC’s profits rise by 193% (Thailand)DTAC, Thailand’s second largest cellco by subscribers, has reported that its second-quarter net profits rose by 193% year-on-year to USD117 million (THB3.9 billion), up from THB1.33 billion a year earlier, and THB2.35 billion in the previous quarter.
The GSM operator, controlled by Norway’s Telenor, also reported a 45% year-on-year rise in second-quarter EBITDA, and a 181% increase in EBIT. Capital expenditure was down by 4% y-o-y in the quarter, which DTAC ended with 17.433 million subscribers, up from 16.656 million at the end of March 2008 and 14.476 million at mid-2007.
Royal KPN’s Q2 profit falls by 12% (Denmark)Royal KPN’s second-quarter net profit fell 12% due in part to a higher tax rate and higher interest, but shares rose after the it raised the outlook for its domestic business.
According to KPN, net profit for the three months ending June 30 was EUR353 million compared with EUR400 million a year ago, below analysts’ expectations for net profit of EUR380 million.
But at its domestic business, KPN said it now sees flat earnings before interest, tax, depreciation and amortization compared with its previous guidance for a EUR100 million Ebita decline.
