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19/07/2001
NOKIA ANNOUNCES SLUMP IN PROFITS
MOBILE PHONE manufacturer Nokia has announced a 20 per cent slump in profits in line with a profit warning given in June.
The Finnish company bettered forecasts by revealing second-quarter profits at the high end of estimates, but predicted that sales growth for the third quarter would be worse, with estimates settling at around 0-5 per cent. The company did not reveal any projections for the fourth quarter, on the basis of a lack of long-term visibility in the sector’s economic climate.
Nokia has been hard hit by the combination of numerous adverse factors, including the saturation of Europe’s mobile phone markets, and increasing price pressure in the handset market.
Shares in Nokia rose briefly by almost 10% to 21.85 euros following the announcement, before returning to their previous level. (CL)
The Finnish company bettered forecasts by revealing second-quarter profits at the high end of estimates, but predicted that sales growth for the third quarter would be worse, with estimates settling at around 0-5 per cent. The company did not reveal any projections for the fourth quarter, on the basis of a lack of long-term visibility in the sector’s economic climate.
Nokia has been hard hit by the combination of numerous adverse factors, including the saturation of Europe’s mobile phone markets, and increasing price pressure in the handset market.
Shares in Nokia rose briefly by almost 10% to 21.85 euros following the announcement, before returning to their previous level. (CL)
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07 August 2001
BASF issue another profits warning
Chemicals giant BASF have issued another profits warning as second quarter results revealed a drop in profits of euro 131 million, down around 15 per cent on the same period in 2000. The interim report noted that in 2001 BASF were expecting a decline in income from operations from ongoing business”.
BASF issue another profits warning
Chemicals giant BASF have issued another profits warning as second quarter results revealed a drop in profits of euro 131 million, down around 15 per cent on the same period in 2000. The interim report noted that in 2001 BASF were expecting a decline in income from operations from ongoing business”.
09 July 2001
BOOTS ANNOUNCES SHARED VENTURE WITH SAINSBURY’S
THE Boots Company and J Sainsbury are to join together in a new venture that could see the high street chemist open outlets within the supermarket chain’s stores.
BOOTS ANNOUNCES SHARED VENTURE WITH SAINSBURY’S
THE Boots Company and J Sainsbury are to join together in a new venture that could see the high street chemist open outlets within the supermarket chain’s stores.
02 November 2001
BSkyB profits rise while subscriptions fall
BSkyB have reported a 23 per cent rise in operating profits for their first quarter, but admit that subscriber numbers are lower than predicted. The company's losses have diminished after operating profits for the three months ended September came in at £45 million.
BSkyB profits rise while subscriptions fall
BSkyB have reported a 23 per cent rise in operating profits for their first quarter, but admit that subscriber numbers are lower than predicted. The company's losses have diminished after operating profits for the three months ended September came in at £45 million.
09 April 2002
LA Fitness unveils record jump in profits
UK health club chain LA Fitness has credited its popular in-house training programmes as resulting in a record jump in profits. The company, which has a fitness centre in Belfast's Ramada Hotel, revealed that pre-tax profits for the six months to 31 January climbed to £3m - 38 per cent up on the same period one year earlier.
LA Fitness unveils record jump in profits
UK health club chain LA Fitness has credited its popular in-house training programmes as resulting in a record jump in profits. The company, which has a fitness centre in Belfast's Ramada Hotel, revealed that pre-tax profits for the six months to 31 January climbed to £3m - 38 per cent up on the same period one year earlier.
07 March 2002
Rolls-Royce profits remain on course
Rolls-Royce has revealed a 9 per cent rise in profits, effectively ending speculation over possible further job cuts. The aerospace engine manufacturer shed over 5,000 jobs in October of last year, as the downturn in the aviation industry forced Rolls-Royce to implement a restructuring programme that saw their UK operations lose 3,800 employees.
Rolls-Royce profits remain on course
Rolls-Royce has revealed a 9 per cent rise in profits, effectively ending speculation over possible further job cuts. The aerospace engine manufacturer shed over 5,000 jobs in October of last year, as the downturn in the aviation industry forced Rolls-Royce to implement a restructuring programme that saw their UK operations lose 3,800 employees.
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