Off the Wire
ZTE sees increases in operating revenue and profit in 2022
ZTE Corporation has reported full-year operating revenue of RMB 122.95 billion in 2022, 7.4% higher than a year earlier according to ZTE’s Annual Report 2022. Read more…
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India’s Bharti Airtel swings to profit with strong 4G user growth
Bharti Airtel, India’s second-largest telecom operator, has posted a net profit driven by 4G growth after six straight quarters of losses. Read more…
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Jio growth continues in subscriber numbers, revenue and profit
Jio, India’s largest mobile provider by subscribers, has booked operating revenue increase of 28.3% year-on-year and EBITDA margin of 40.1%. Read more…
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China Mobile reports 14% drop in profit first nine months of 2019
China Mobile has reported almost stable operating revenues for the first nine months of 2019 but net profit attributable to shareholders dropped 13.9% Read more…
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ZTE profit rebounds after US sanctions lifted
China’s ZTE Corp reported a first-quarter profit of 862.6 million yuan ($128.2 million), as it recovered from last year’s US sanctions. Read more…
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Tencent profit declines sharply, warns of slower game launches
Tencent Holdings reports sharp drop in profit, hit by China’s regulatory review of new games and one-off charges, and warned of slower video game launches. Read more…
Off the Wire
Tata Consultancy Services reports record quarterly net profit
Tata Consultancy Services, India’s biggest listed company by market capitalisation, reported a record quarterly net profit, helped by gains in BFSI segment. Read more…
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Korean giants LG and Samsung report significant drop in profits
LG Electronics reports fourth-quarter profit likely plummeted 80% while Samsung estimated a 29% drop in quarterly profit due to decreased demand. Read more…
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Electric cars poised to boom but where’s the profit?
PARIS (Reuters) – Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers. Now comes the hard part: selling them Read more…