Tag Archives: profits

LG Q3 report: profits increase as smartphones lose less money

LG kept its tradition to introduce its financial results on the last Thursday of the month, following the end of a quarter, and the numbers look good. The Korean company made a profit KRW748.8 billion ($668 million), which is the best quarter in 2018. The black sheep in the family is the Mobile Communications division which keeps bleeding… Read More »

Huawei Sees Annual Smartphone Shipments Slowing With Focus on Profits Over Volumes

China’s Huawei Technologies forecast smartphone shipments of 140 million-150 million this year, a sharp slowdown in annual growth as the world’s third-largest smartphone maker chases profits instead of volumes by selling more high-end phones. Shenzhen-based Huawei’s profit growth has been under pressure with its low margin smartphone business facing strong competition at home and abroad, forcing Huawei earlier this year… Read More »

BT profits dive on Italy woes

Quarterly profits at BT have dived 37% after the firm reported an accounting scandal in its Italian division that cost it more than £500m. In the three months to 31 December profit before tax fell to £526m, although revenues climbed to £6.1bn. On Tuesday, BT was forced to write down the value of its Italian unit after years… Read More »

Google parent Alphabet’s shares fall as profits miss target

Google parent Alphabet’s latest profit figures have missed forecasts, sending the tech giant’s shares falling in extended trading on Wall Street. Profits rose 8% to $5.3bn (£4.2bn) for the last three months of 2016, fuelled by more advertising on mobile phones and YouTube. But analysts had expected more, and Alphabet’s shares fell almost 3% . However, revenue for… Read More »

Sainsbury’s profits fall 10% as first-half sales fall

Sainsbury’s has posted a 10.1% fall in first-half profits to £277m as sales continued to decline. The supermarket giant said like-for-like sales sales fell 1% in the 28 weeks to 24 September. It said that while the market remains strong, “pricing pressures continue to impact margins”. Sainsbury’s added that the effect of the slump in sterling on retailers… Read More »