Omnitel unit helps Olivetti reduce losses

Article Abstract:

Olivetti SpA posted just 89 billion lira in pretax losses for a 73% decrease for the first six months of 1998 from 335 billion lira for the first semester of 1997 partly due to the growth of its Omnitel Pronto Italia unit. Omnitel is producing significant results for the company in its cellular operations, increasing revenues over twofold from 674 billion lira to 1.7 trillion lira for the first six months of 1998. In addition, Olivetti reaped a comparable 65% gain in revenues to four trillion lira for the initial eight months of 1998.

Comment:

Posts just 89 billion lira in pretax losses for a 73% decrease for the first six months of 1998

Office & Computing Machines, Office equipment, Ing. C. Olivetti e Compagnia S.p.A.

---

Telecom Italia revenue could fall this year

Article Abstract:

Telecom Italia SpA officials anticipate a lower revenue for 1998 owing from a likely decision by regulators to reduce the prices it charges other operators for utilizing its network. However, the officials, who requested anonymity, expect no decline in revenue in subsequent years because Telecom's three-year plan assumes rates that are in line with the requisites of the European Union. Although no cost estimates were cited, a Telecom Italia executive expect the decrease in revenue to be slight.

Comment:

Officials expect a lower revenue for 1998 due to a likely move by regulators to cut prices for interconnection fees

Telecommunications, Telecommunications industry, Telecom Italia S.p.A.

---

Net in first quarter fell 33%, as Valentino boosted sales

Article Abstract:

Marzotto S.p.A. posted a decline of 33% in its 2003 first quarter net profits. The company's Valentino unit helped Marzotto's sales.

Finance, Company sales and earnings, Company earnings/profit, Textile industry, Marzotto S.p.A., Textile and clothing industry software

Similar abstracts:

• Abstracts: A habit too hard to break. Al Gore falls to Earth. Pork and alligators: campaign finance
• Abstracts: Score the latest electronics for less. Create all-together happy
• Abstracts: Your recipe for ahhh... From sunny Hawaii. Bring on the smiles with ribbons. Big travel savings
• Abstracts: Net profit more than doubles on fashion-footwear sales. Full-year sales are forecast to fall on weakening demand
• Abstracts: Olivetti trims its loss, expects profit for year. ENEL now shows profit for last year. Net profit rose 29% in period, as sales of clothing increased

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.