Financial resultsRSS

China Mobile sees profit drop in “increasingly fierce” environment

China Mobile has reported an increase in operating revenue in 1Q14, however profit suffered as the firm struggled with cost control measures in an increasingly competitive environment

Chinese operator China Mobile has reported an increase in operating revenue in 1Q14, although profit suffered as the firm struggled with cost control measures in an “increasingly fierce” environment.

Ericsson sees net income rise 41% YoY despite sales drop

Ericsson has announced a 41 per cent year on year increase in net income for the first quarter of 2014

Despite seeing a year on year decline in net sales, Swedish vendor Ericsson has announced a 41 per cent year on year increase in net income for the first quarter of 2014. Net income for the firm stood at SEK1.7bn for 1Q14, compared with SEK1.2bn in 1Q13, while net sales dropped from SEK52bn in 1Q13 to SEK47.5bn in 1Q14.

AT&T reports revenue and profit growth after transformation

AT&T has reported a 3.6 per cent growth in consolidated revenues in 1Q14, claiming it is the strongest revenue growth the firm has seen in more than two years

US operator AT&T has reported a 3.6 per cent growth in consolidated revenues in 1Q14, claiming it is the strongest revenue growth the firm has seen in more than two years. The firm also increased its quarterly operating income year on year.

Rogers Communications sees profit decline

Rogers Communications has seen its profit fall year on year in the first quarter of 2014

Canadian operator Rogers Communications has seen its profit fall year on year in the first quarter of 2014. While operating revenues remained stable; C$3.02bn (US$2.74bn) in 1Q14 compared with $3.03bn in the year ago quarter, adjusted net income for the quarter fell by 18 per cent to reach C$340m down from C$414m.

Huawei sees profit and revenue growth in 2013

Huawei has posted an 11.6 per cent year on year growth in revenue for 2013. Net profit also grew to $3.47bn, a 34 per cent year on year increase.

Chinese infrastructure vendor Huawei said net profit for 2013 grew to $3.47bn, a 34 per cent year on year increase on the $2.58bn generated in 2012. The company also posted an 11.6 per cent year on year growth in revenue for 2013 to generate $39.5bn (CNY239.0bn) compared with $36.36bn in 2012.

ZTE returns to profit in 2013

ZTE has announced an RMB1.36bn (US$219m) net profit attributable to shareholders in 2013

Network infrastructure provider ZTE has announced an RMB1.36bn (US$219m) net profit attributable to shareholders in 2013, an improvement on the RMB2.84bn loss generated in 2012. The Chinese firm said the turnaround was due to its sharpened focus on 4G technology and cost saving initiatives.

T-Hrvatski Telekom appoints CTIO

Thorsten Albers has been appointed CTIO at T-Hrvatski Telekom

Croatian operator T-Hrvatski Telekom, which is majority owned by Deutsche Telekom, has appointed Thorsten Albers as chief technical and information officer (CTIO). Albers has also been appointed as a Management Board Member at the operator.

WeDo sees revenue and EBITDA growth in 2013

WeDo Technologies has said hailed its “best year to date” in FY2013, generating revenue of €61.5m, a 12 per cent year on year increase on the €55.1m the firm generated in 2012

Business assurance software provider WeDo Technologies hailed its “best year to date” for FY2013, generating revenue of €61.5m, a 12 per cent year on year increase on the €55.1m the previous year.

NAO claims UK missed out on £160m in 4G spectrum auction

Will LTE deliver?

The UK National Audit Office (NAO) has claimed that the country missed out on an extra £160m in revenue by reserving spectrum during the 4G spectrum auction in February last year.

TeliaSonera rues difficult 2013

Johan Dennelind, CEO at TeliaSonera

European operator group TeliaSonera has posted a year on year decline in net revenue and net income for the full year 2013. Net sales for the year fell three per cent from SEK104.90bn in 2012 to SEK101.7bn in 2013. Net income dropped 20.8 per cent year on year, from SEK21.168bn in 2012 to SEK16.77bn in 2013. The firm cited the uncertain macroeconomic climate in many of the markets it operates in, regulatory effects and rapidly changing customer behaviour among the challenges it faced over the course of the year.

VimpelCom posts 2013 loss

VimpelCom has posted a $1.4bn net loss as well as a two per cent decline in revenue for the full year 2013

European operator group VimpelCom has posted a $1.4bn net loss as well as a two per cent decline in revenue for the full year 2013. The operator blamed the impact of regulation, market slowdown and non-cash impairments related to operations in Ukraine and Canada for the poor performance.

Orange doubles net income as cost cutting takes effect

Orange has seen its consolidated net income after tax almost double year on year for the full year 2013

Operator group Orange has seen its consolidated net income after tax almost double year on year for the full year 2013. The group posted a figure of €2.13bn for net income after tax for FY2013, a 93.2 per cent improvement on the €1.10bn figure it posted for FY2012, but still well short of the €3.83bn it generated in 2011. The boost was largely due to fewer goodwill impairment charges in the year and extreme cost cutting measures.

Ericsson boosted by patent deal; Vestberg quashes Microsoft rumour

Ericsson

Swedish equipment vendor Ericsson reported flat sales for the fourth quarter and full year 2013, while net earnings were boosted by the patent licensing agreement with Samsung reported last week.

AT&T reports 149% rise in profit for 2013

AT&T has reported a 149 per cent increase in net income in FY2013 to reach $18.2bn

US operator AT&T has reported a 149 per cent increase in net income in FY2013 to reach $18.2bn. The firm recorded net income of $7.3bn in 2012. Consolidated revenues reached $128.8bn for the year, an increase of 1.1 per cent year on year.

Bharti Airtel income grows 115%

Bharti Airtel has seen its net income rise by 115 per cent year on year for its third quarter

Indian operator Bharti Airtel has seen its net income rise by 115 per cent year on year for its fiscal third quarter, ending December 31st 2013. Consolidated revenue also rose by 13.3 per cent to reach INR219,390m ($3.51bn).

SK Telecom’s net income grows 44.3 per cent

SK Telecom has recorded a 44.3 per cent increase in consolidated net income

South Korean operator SK Telecom has seen a modest year on year increase in revenues for FY2013, but recorded a 44.3 per cent increase in consolidated net income.

Apple posts flat profit despite record sales

Apple has posted flat profit for 1Q14, year on year

Despite posting record quarterly revenue of $57.6bn in 1Q14, device maker Apple has worried investors by posting flat profit for the period year on year, seeing a drop in gross margin and revealing it is expecting to generate flat revenues in 2Q14 compared with a year earlier.

Nokia sees sales slump

Nokia has revealed it saw a 17 per cent year on year drop in net sales for the full year 2013 yet managed to turn in an operating profit of €519m

Struggling handset maker Nokia saw a 17 per cent year on year drop in net sales for full year 2013, yet managed to turn in an operating profit of €519m versus an €821m operating loss in 2012.

Cost control brings ZTE back to black

ZTE has recorded a RMB1.2bn net profit for 2013, according to its preliminary earnings report

Chinese infrastructure vendor ZTE has announced that it expects to return to profit for the full year of 2013. The firm announced in a preliminary earnings announcement that it expects to generate a net profit of RMB1.2bn ($198m) for the year ended December 31st 2013. The firm recorded a RMB2.8bn loss in 2012.

Huawei sees 2013 operating profit jump 40%

Huawei has announced unaudited financial results for the full year 2013

Chinese infrastructure vendor Huawei has announced unaudited financial results for the full year 2013. The firm said it will achieve global revenue between CNY238bn ($39.37bn) and CNY240bn for the year, representing approximately an eight per cent increase year on year. Operating profit or the year is expected to be between CNY28.6bn and CNY29.4bn.

@telecoms