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India's Bharti Airtel profit dives surprise 37%
Aug 8th, 2012
India's biggest mobile phone company, Bharti Airtel, reported on Wednesday a surprise 37-percent dive in quarterly profit, hit by "hyper-competition" that squeezed earnings. (Source: AFP) -
MUMBAI (Reuters) - Shares in Bharti Airtel fell as much as 4.9 percent in early morning trade on Thursday after posting lower-than-expected quarterly earnings. Net profit fell to 5.09 billion rupees in the Jan-March quarter versus the consensus forecast of 7.41 billion rupees. The company said results were hit by higher depreciation, amortisation, ... [Full Article]
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continue to shrink. Revenue in its fiscal first quarter ended May 3 fell to $14.1 billion, while net income fell to $130 million, Dell ... [Full Article]
By Clara Ferreira-Marques and Emma Farge LONDON/ZUG, Switzerland (Reuters) - Glencore Xstrata Chairman John Bond surprised investors on Thursday by announcing he had been voted out of the top job at the miner and trader at the group's first annual shareholders' meeting. Bond gave no explanation, but as the meeting began in Zug, Switzerlan... [Full Article]
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