Displaying items by tag: earnings

Monday, 09 November 2020 10:16

NBN Co boosts first quarter revenue, earnings

The operator of the national broadband network, NBN Co, is trumpeting strong momentum and earnings growth, recording quarterly earnings of $102 million in the three months ending September 2020, compared to a loss of $435 million in Q1 FY2020 – and with total revenue of $1.07 billion for three months, up 22% on the corresponding quarter last year.

Published in Telecoms & NBN

Chinese telecommunications equipment vendor Huawei Technologies says its revenue for the first half of calendar 2020 was 451.7 billion Chinese yuan (A$92.8 billion), an increase of 13.1% year-on-year with the net profit margin being 9.25%.

Shares of Facebook plunged by more than 20% on Thursday in after-hours trading, a day after the company announced what is its slowest growth of users and warned that revenue would fall for the remainder of the year.

Published in Market
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