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Uponor Q2 operating profit EUR 26.5 million, above expectations

1:00am EDT

Uponor Oyj : Q2 net sales 299.5 million euros ($329.48 million) versus 290 million euros in Reuters poll . Q2 operating profit 26.5 million euros (Reuters poll 21.9 million euros) . Q2 operating profit up 18 pct y/y driven by Building Solutions – Europe and Uponor Infra .Reiterates its full-year guidance - sees 2016 net sales and comparable operating profit to improve from 2015.

Aztech Group says will record loss for Q2 and HY

Monday, 25 Jul 2016 06:27am EDT

Aztech Group Ltd : Group will record a loss for the second quarter and for the half year ended 30 June 2016 . Group will record further impairment charges of marine related assets as weakness in marine market and excess capacity continues unabated ."Charges will widen the loss for 1H2016".

Koninklijke Philips Q2 net profit beats estimates

Monday, 25 Jul 2016 01:13am EDT

Koninklijke Philips NV : Q2 sales 5.86 billion euros ($6.43 billion) versus 5.93 billion euros in Reuters poll . Q2 adjusted EBITA 544 million euros . Q2 EBITA 464 million euros . Q2 net income 431 million euros . Reuters poll: Q2 adjusted EBITA 534 million euros, EBITA 361 million euros, net profit 302 million euros . Outlook for 2016 remains unchanged .For H2 sees Philips Lighting separation costs of 65-85 million euros.

China Primary Energy enters cooperation agreement with Anhui Natural Gas Development Co<8117.HK>

Friday, 22 Jul 2016 05:38am EDT

China Primary Energy Holdings Ltd <8117.HK>: Says company and Anhui natural gas development company limited entered into a strategic cooperation agreement . Cooperation with Anhui natural gas co is in interests of operations of group and is expected to contribute significant turnover to group . Parties will supply natural gas to natural gas-fired cogeneration project through long-distance natural gas pipelines . Says Anhui Natural Gas Company will supply stable and sufficient natural gas to the project .

China Primary Energy Holdings enters framework agreement in relation to potential disposal of assets by unit<8117.HK>

Friday, 22 Jul 2016 05:38am EDT

China Primary Energy Holdings Ltd <8117.HK>: Entering into of framework agreement in relation to potential disposal of assets by a subsidiary <8117.HK> . Unit ningguo China Primary Energy entered into framework agreement with Anhui Wenergy Ganghua Natural Gas in relation to potential disposal .

Philips Lighting Q2 adjusted EBITA grows 16.2 pct

Friday, 22 Jul 2016 01:02am EDT

Philips Lighting BV : Reports Q2 sales 1.73 billion euros ($1.91 billion) versus 1.85 billion euros a year ago . H1 adjusted EBITA margin of 8.2 pct (H1 2015: 7.0 pct) . H1 adjusted EBITA of 282 million euros (H1 2015: 249 million euros) . Q2 net income of 57 million euros, includes separation costs and brand license fee not applicable in 2015 . Q2 free cash flow of 60 million euros (Q2 2015: loss of million euros) . Expects restructuring and acquisition-related charges for the year 2016 to be in line with 1.5-2.0 pct of sales as previously indicated . Anticipate such charges to total approximately 60 million euros in the third quarter .Separation costs are expected to total approximately 20 million euros for the third quarter.

Philips Lighting: Stéphane Rougeot appointed CFO

Friday, 22 Jul 2016 01:00am EDT

Philips Lighting Bv : Philips lighting: Stéphane Rougeot appointed CFO of Philips Lighting .CFO appointment effective September 1, 2016.


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