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Tag Archives: Revenues

Freenet sees rise in 2017 core profit, revenues

FRANKFURT: German telecom service provider Freenet <FNTGn.DE> expects a rise in 2017 core earnings to more than 410 million euros ($434.72 million) on higher revenues, the company told investors at its capital markets day on Wednesday. The outlook is a rise from last year’s 402 million euros and excludes results from its holdings in Swiss telecoms operator Sunrise <SRCG.S>, in ... Read More »

Canadian Imperial up on improved Q1 earnings, revenues

OTTAWA: Canadian Imperial Bank of Commerce (CM – Free Report) gained nearly 1% on the NYSE following the release of its first-quarter fiscal 2017 earnings (ended Jan 31) last week. Adjusted earnings per share for the quarter came in at C$2.89, up from C$2.55 in the prior-year quarter. Results improved due to growth in revenues and a fall in provision ... Read More »

Kerry Group reports higher 2015 profits, revenues

LONDON: Food technology group Kerry has said its full year pre-tax profits rose by 8.5% on the back of strong growth across its business. Kerry reported a pre-tax profit of almost €603m for the year to the end of December, with revenues rising by 6.1% to reach €6.1 billion for the year. Trading profits for the year rose by 10% ... Read More »

Airport customs generates N20.1b revenue in 6 month

ABUJA: Nigeria Customs Service, NCS, Murtala Mu­hammed International Airport Command, says it generated at least N20.1 billion revenue from its operations in the first half of this year. The service at the air­port also disclosed that it earned over N5.209 billion in July this year, thereby becoming the highest rev­enue ever collected by the unit since formation. The image maker ... Read More »

Glanbia Group revenues stand €1.9b in 6 months to July 4th 2015, down by 8. 4%

DUBLIN: Food and ingredients group Glanbia said this morning that it is keeping its full-year earnings growth forecast of 9-11 per cent as it reported a strong set of first half results, driven by its global performance nutrition division. Group revenues stood at €1.9bn in the six months to July 4th 2015, down by 8. 4 per cent on a ... Read More »

Norway total revenues stood at 305 NOK, up from 285m NOK in H1 2014

OSLO: Recorded music income was up a healthy 7% in Norway in the first half of 2015, with streaming finding yet more growth to heavily dominate the market. Total revenues stood at 305 NOK (€34.2m), up from 285m NOK (€32m) in H1 2014. According to IFPI stats, Norway was the 15th biggest recorded music market across last year. Ahead of ... Read More »

Greece’s Tax revenues miss target by 2.3 bln in H1

ATHENS: The black hole in tax revenues for the first half of the year came to 2.3 billion euros, while public spending came to a complete stop during the same period, leading to state expenditure being 4 billion euros lower than the forecast target. According to the final data for the state budget in the first half of 2015, the ... Read More »

OPEC’s Oil revenues drops below $1 Trillion

HELSINKI: OPEC nations’ oil revenues dropped last year below the psychological $1 trillion mark for the first time since 2010, in the clearest sign yet of the economic impact of lower prices for oil-rich nations. The Organisation of the Petroleum Exporting Countries said on Wednesday in its annual statistical report that its 12-members earned $964.6 billion selling their petroleum, down ... Read More »

Jordanian Tourism revenues threatens with half JD5000m drop

AMMAN: Jordan’s tourism receipts may drop by JD500 million if the plunge in the number of tourists continues at its current pace, Tourism Minister Nayef Al Fayez said Monday. Describing the current drop in the number of visitors as alarming, Fayez cited official figures which show a 13.8 per cent drop in the number of tourists in the first five ... Read More »

Jordanian Tourism revenues threatens with half JD5000m drop

AMMAN: Jordan’s tourism receipts may drop by JD500 million if the plunge in the number of tourists continues at its current pace, Tourism Minister Nayef Al Fayez said Monday. Describing the current drop in the number of visitors as alarming, Fayez cited official figures which show a 13.8 per cent drop in the number of tourists in the first five ... Read More »

Greece’s property tax revenues over €2b, no significant change

ATHENS: The committee responsible for the adjustment of objective property values is in the final stretch of its task and will submit its proposals to the political leadership of the Finance Ministry before the end of May. The signs point to the new property tax plan providing for annual revenues of more than 2 billion. The Single Property Tax (ENFIA), ... Read More »

Denmark’s Telia revenues hit SEK 1.422b in Q1-2015

COPENHAGEN: Telia Denmark reported net sales in the first quarter of 2015 of SEK 1.422 billion, up 6.6 percent from SEK 1.334 billion a year earlier. The External service revenues improved by 4.5 percent to SEK 1.056 billion from SEK 1.011 billion and in local currency, service revenues de3creased by 1.8 percent excluding acquisitions and disposals, because of reduced intercomection ... Read More »

Polish Orbis Group revenues at PLN 229.2m in Q1-2015

WARSAW: The Orbis group reported revenues of PLN 229.2 million in Q1 2015, an increase of 12.6 percent year-on-year, Orbis announced. The company also said that their occupancy rate amounted to 53.5 percent, compared with 46.5 %  in 2014. The average price for a room stood at PLN 196.3 (VAT excluded) and was lower by 0.9 %. Read More »

Danish VAT revenues increase 19% in March

COPENHAGEN: The revenues from Value Added Tax (VAT) have increased by 19 percent last month, giving a boost to the budget. The preliminary data which could still be subject to revision shows that, VAT revenues increased by nearly 19 percent in March. This is a high figure considering that in January and February revenues from the tax on goods and ... Read More »

Indonesia’s MoF launches electronic tax payment revenue system ‘MPN G2’

JAKARTA: Indonesia’s Ministry of Finance (MoF) launched a revised electronic tax payment revenue system called Modul Penerimaan Negara Generasi 2 (MPN G2), as part of its efforts to improve tax administration and also tax compliance. MPN G2 is described as an integrated electronic system to be used by the MoF to improve its management of state revenues. It is also ... Read More »

Indonesia’s MoF launches electronic tax payment revenue system ‘MPN G2’

JAKARTA: Indonesia’s Ministry of Finance (MoF) launched a revised electronic tax payment revenue system called Modul Penerimaan Negara Generasi 2 (MPN G2), as part of its efforts to improve tax administration and also tax compliance. MPN G2 is described as an integrated electronic system to be used by the MoF to improve its management of state revenues. It is also ... Read More »