Operating revenue rose 1.2 per cent from a year earlier to $260.7 million while operating expenses, by contrast, rose 4.3 per cent to $214.1 million. Net profit fell 14.6 per cent to $36.3 million in the three months to March 31, compared with the same period last year. Net asset value per share was 47.2 cents as at March 31, up from 43.4 cents on Dec 31. AT A GLANCE NET PROFIT: $36.3 million (-14.6%) OPERATING REVENUE: $260.7 million (+1.2%)Mobile data's contribution to service turnover rose to 55.1 per cent in the last quarter, up from 53.1 per cent in the same period last year. Service revenue came in at $201.5 million, down just slightly from $203.4 million a year earlier.
as informed in
ZTE Corp. 0763 said its first quarter net profit rose 27.8% helped by higher sales of smartphones and network solutions products. For the three months ended March 31, the Chinese telecom manufacturer reported a net profit of 1.21 billion Chinese yuan (US$176 million) from CNY949.5 million a year ago, it said in a stock exchange filing late Monday. Its revenue in the quarter increased 17.8% from a year ago to CNY25.75 billion, the company said. In a separate press statement, ZTE said it will "proactively pursue new growth opportunities and deepen its collaboration with partners and customers." Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com
SINGAPORE: Telco M1 on Monday (Apr 17) reported a 14.6 per cent year-on-year drop in net profit after tax for its first-quarter financial results. "We are introducing improved cloud-based service offerings to drive growth in fixed services, and developing new Internet of Things (IoT) and Smart Nation capabilities and solutions. Operating revenue increased 1.2 per cent year-on-year while service revenue remained stable at S$201.5 million, as growth in fixed services revenue offset lower IDD and roaming revenues, it added. Net profit reached S$36.3 million, partly driven by higher depreciation and interest expenses, the company said, but added that it increased 14.3 per cent over the preceding month, according to its press release. These efforts will further strengthen M1's position as the telecommunications provider of choice," said CEO Karen Kooi.
read more visit us profit
collected by :Jack Luxor
as informed in
Sales boost ZTE's net profit by 27.8% in Q1
ZTE Corp. 0763 said its first quarter net profit rose 27.8% helped by higher sales of smartphones and network solutions products. For the three months ended March 31, the Chinese telecom manufacturer reported a net profit of 1.21 billion Chinese yuan (US$176 million) from CNY949.5 million a year ago, it said in a stock exchange filing late Monday. Its revenue in the quarter increased 17.8% from a year ago to CNY25.75 billion, the company said. In a separate press statement, ZTE said it will "proactively pursue new growth opportunities and deepen its collaboration with partners and customers." Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com
SINGAPORE: Telco M1 on Monday (Apr 17) reported a 14.6 per cent year-on-year drop in net profit after tax for its first-quarter financial results. "We are introducing improved cloud-based service offerings to drive growth in fixed services, and developing new Internet of Things (IoT) and Smart Nation capabilities and solutions. Operating revenue increased 1.2 per cent year-on-year while service revenue remained stable at S$201.5 million, as growth in fixed services revenue offset lower IDD and roaming revenues, it added. Net profit reached S$36.3 million, partly driven by higher depreciation and interest expenses, the company said, but added that it increased 14.3 per cent over the preceding month, according to its press release. These efforts will further strengthen M1's position as the telecommunications provider of choice," said CEO Karen Kooi.
read more visit us profit
collected by :Jack Luxor
Comments
Post a Comment