Tuesday 28 July 2015
 
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Revenue

Algeria trims spending; oil revenues down 50pc

Algeria will trim spending in its 2015 budget by 1.35 per cent as it expects energy earnings to fall 50 per cent due to a slump in oil prices, the government said.   Oil and gas account for 95 per cent of Algeria

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IBM revenue falls for 13th straight quarter

International Business Machines Corp's revenue fell for the 13th consecutive quarter and missed the average analyst estimate, as it continued to shed low-margin businesses and the strong dollar weighed on Big Blue's results.

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Huawei's H1 revenue up 30pc at $28 billion

Huawei Technologies, one of the world's largest telecom equipment makers, on Monday posted a 30 per cent increase in first-half revenue to 175.9 billion yuan ($28.3 billion) and said it would achieve "effective growth" in 2015.

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Intel Q2 revenue drops 4pc to $13bn

Intel Corp reported that its net revenue fell 4.6 per cent to $13.19 billion during the second quarter of the year, edging past the average analyst estimate of $13.04 billion. Growth in the company’s data centers and Interne

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Intel Q2 revenue drops 4pc to $13bn

Intel Corp reported that its net revenue fell 4.6 per cent to $13.19 billion during the second quarter of the year, edging past the average analyst estimate of $13.04 billion. Growth in the company’s data centers and Interne

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Suez Canal revenue falls to $431m in June

Egypt's revenue from the Suez Canal fell to $431.6 million in June from $449.6 million in May, a government website said on Wednesday. The canal, the fastest shipping route between Europe and Asia, is one of Egypt's main s

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Tata Motors eyes $600m defence revenue in 3 years

Tata Motors plans to double the revenue from its defence business over the next three years to $600 million, betting on the government's push for more local defence manufacturing, a top company official said. Indian companies

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PepsiCo tops expectations, despite flat volume

PepsiCo is using pricier products to help drive up sales. The snack and beverage maker said yesterday that revenue rose for each of its Frito-Lay North America and PepsiCo Americas Beverages units during the second quarter, despit

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Sewage tax plan to bridge Bahrain’s budget deficit

A new sewage tax could be introduced in Bahrain as the government considers alternative ways to increase revenues in light of reduced oil income. The Cabinet has referred a draft bill to parliament that, if approved, will require

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Dubai satellite insurer eyes four-fold revenue growth

Dubai-based elseco, one of the world's largest satellite insurers, expects its revenue to quadruple by 2020 as it expands coverage of energy and aviation, said the firm's chief executive. CEO Laurent Lemaire is Elseco'

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