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25/01/2002
Sony report highest earnings in company’s history
Sony have reported the highest earnings increase in the company’s history, with sales activity over the Christmas period exceeding analysts’ predictions.
The Japanese firm posted operating profits of £824 million for the fourth quarter, representing a 10 per cent increase on the previous quarter and well above the company’s own target amount.
Sony had estimated that the after-effects of September 11 would see consumers spending more money on home entertainment equipment, and during the last three months of 2001, the company were rewarded with double-digit growth in the DVD, video and audio market.
In addition, sales of PlayStation 2 consoles over the Christmas period amounted to 5 million, twice as high as Sony had initially estimated.
However, the firm experienced decreased demand for its semiconductors and telecoms ranges.
The company’s entertainments divisions also performed badly during the period, with sales in Sony’s music business flatlining, and only revenues from previous releases keeping its film division buoyant. (CL)
The Japanese firm posted operating profits of £824 million for the fourth quarter, representing a 10 per cent increase on the previous quarter and well above the company’s own target amount.
Sony had estimated that the after-effects of September 11 would see consumers spending more money on home entertainment equipment, and during the last three months of 2001, the company were rewarded with double-digit growth in the DVD, video and audio market.
In addition, sales of PlayStation 2 consoles over the Christmas period amounted to 5 million, twice as high as Sony had initially estimated.
However, the firm experienced decreased demand for its semiconductors and telecoms ranges.
The company’s entertainments divisions also performed badly during the period, with sales in Sony’s music business flatlining, and only revenues from previous releases keeping its film division buoyant. (CL)
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13 November 2001
Vodafone announces huge loss
Over-ambitious acquisitions during the late 1990's by UK mobile operator Vodafone has resulted in company posting losses of £8.45bn over the same period. The bulk of the loss stems from the company’s decision to absorb the cost of recent acquisitions now, rather than wait for their new subsidiaries to pay for themselves.
Vodafone announces huge loss
Over-ambitious acquisitions during the late 1990's by UK mobile operator Vodafone has resulted in company posting losses of £8.45bn over the same period. The bulk of the loss stems from the company’s decision to absorb the cost of recent acquisitions now, rather than wait for their new subsidiaries to pay for themselves.
23 January 2002
Amazon.com reports profit for the first time
Online bookstore Amazon.com has revealed its first-ever net profit, surpassing even the most optimistic forecasts from analysts. The company’s fourth quarter results showed the internet retailer made $5 million net for the period – compared with a loss of $545 million only one year earlier.
Amazon.com reports profit for the first time
Online bookstore Amazon.com has revealed its first-ever net profit, surpassing even the most optimistic forecasts from analysts. The company’s fourth quarter results showed the internet retailer made $5 million net for the period – compared with a loss of $545 million only one year earlier.
22 August 2001
Over two hundred jobs axed at Baltimore Technologies
Dublin based Internet security firm Baltimore Technologies has announced that over 200 jobs will be axed in light of its troubling half-year results. Announcing the results for 2001 on Wednesday, the company said total revenues were £39.4 million sterling, with losses before interest tax depreciation, amortisation and exceptional items of £41.
Over two hundred jobs axed at Baltimore Technologies
Dublin based Internet security firm Baltimore Technologies has announced that over 200 jobs will be axed in light of its troubling half-year results. Announcing the results for 2001 on Wednesday, the company said total revenues were £39.4 million sterling, with losses before interest tax depreciation, amortisation and exceptional items of £41.
14 September 2001
Union leaders hold talks with Marconi
Union leaders are to hold talks with Marconi over the company’s plan to cut 2,000 jobs from its UK workforce. Some union officials have warned strike action could be called over the way the telecoms firm announced the cuts last week. The news follows the company’s relegation from the FTSE 100 index of leading listed UK firms.
Union leaders hold talks with Marconi
Union leaders are to hold talks with Marconi over the company’s plan to cut 2,000 jobs from its UK workforce. Some union officials have warned strike action could be called over the way the telecoms firm announced the cuts last week. The news follows the company’s relegation from the FTSE 100 index of leading listed UK firms.
29 August 2001
Gateway is set to cut workforce by a quarter
Computer maker Gateway is set to shed 6,600 staff and close key operations outside the US in a radical restructuring of the company’s business. The radical cutback follows the company’s poor performance that has seen losses amounting to $9m in the second quarter of the year as sales around the world dwindled.
Gateway is set to cut workforce by a quarter
Computer maker Gateway is set to shed 6,600 staff and close key operations outside the US in a radical restructuring of the company’s business. The radical cutback follows the company’s poor performance that has seen losses amounting to $9m in the second quarter of the year as sales around the world dwindled.
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