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Travelport reports Q4 loss per share of $0.05

Tuesday, 21 Feb 2017 06:45am EST

Travelport Worldwide Ltd : Travelport Worldwide Limited reports fourth quarter and full year 2016 results . Sees FY 2017 revenue up 3 percent to 5 percent . Q4 loss per share of $0.05 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Says expected mid single-digit growth for travel commerce platform net revenue partly offset by IGTS divestment for 2017 . Sees 2017 adjusted diluted income per share $1.29 - $ 1.37 . Says expected low single-digit growth for adjusted EBITDA in 2017 after strategic growth expenditure . Sees 2017 adjusted EBITDA $585 million - $595 million . Expects FY 2017 free cash flow $165 million - $185 million . Travelport currently anticipates that ENETT, commercial payments business, will grow net revenue by at least 20% in 2017 . Fy2017 earnings per share view $1.36, revenue view $2.48 billion -- Thomson Reuters I/B/E/S . Expects FY 2017 net revenue $2,425 million - $2,475 million . Quarterly net revenue $545.4 million versus $534.9 million .Q4 revenue view $551.6 million -- Thomson Reuters I/B/E/S.

Lead Eastern Investment sees FY 2016 net profit up 67 pct

Thursday, 26 Jan 2017 12:51am EST

Lead Eastern Investment Co Ltd <000673.SZ>: Sees net profit for FY 2016 up 67 percent, or to be 185 million yuan . Says the net profit of FY 2015 was 110.8 million yuan .Comments the development of film and television drama business is the main reason for the forecast.

Y-Optics Manufacture to close fashion business unit

Thursday, 29 Dec 2016 05:00am EST

Y Optics Manufacture Co Ltd <066430.KQ> :Says it will close fashion(shoes) business unit on Dec. 31, to improve profit structure after a merger.

Wuhan Sante Cableways Group to dissolve three units and announces merger between units

Friday, 23 Dec 2016 02:19am EST

Wuhan Sante Cableways Group Co., Ltd.<002159.SZ>: Says it plans to dissolve three tourism development units .Says eight tourism-relevant units to be merged into four units.

Travelport Worldwide to enhance operational and technological efficiency

Monday, 5 Dec 2016 04:39pm EST

Travelport Worldwide Ltd : Co committed to undertake course of action to enhance Co's operational and technological efficiency . Travelport expects total charges in connection with program to be about $27 million to $31 million . Program involves consolidating multiple technology vendors with which company currently works . Program involves consolidating Co's three U.S. Technology hubs in Atlanta, Denver & Kansas city into two centers in ATLANTA & Denver . Program is expected to complete within 12 to 18 months, after which co expects annualized cost savings of about $19 million to $23 million . Expects total charges to include about $14 million to $16 million in severance and employee-related obligations . Expects that substantially all of these costs will be cash expenditures .Out of total charge about $6 million incurred during 9 months ended Sept 30, with about $5 million expected to be incurred during.

XiAn Tourism plans to halt assets restructuring plan

Monday, 17 Oct 2016 12:16am EDT

XiAn Tourism Co Ltd <000610.SZ> :Says it plans to halt assets restructuring plan.

Travel24 decides to withdraw from the French market

Wednesday, 3 Aug 2016 11:54am EDT

Travel24 Com Ag : Decides to withdraw from the French market . Withdrawal from the French market will result in reduction of total revenue .Web portals travel24.fr, vol24.fr and vols24.fr will discontinue operations as of the end of August 2016.

Shinhoo to merge with two units

Friday, 29 Jul 2016 04:04am EDT

Shinhoo <066430.KQ> Co., Ltd.,: Says it will merge with two wholly owned units, including Daesung Chemical Co.,Ltd. . Merger effective date of Oct. 4 and registered date of Oct. 5 .Says two units will be dissolved after the merger.

CHINA TRAVEL HK updates on strategic reorganization<0308.HK>

Monday, 11 Jul 2016 09:37am EDT

China Travel International Investment Hong Kong Ltd <0308.HK>: Inside information-further announcement in relation to strategic reorganization matter concerning controlling shareholder <0308.HK> . China travel international investment hong kong ltd <0308.HK> -company received from hkcts group a notice that sasac has approved reorganization between HKCTS group and CITS group . CITS group will no longer be an enterprise under the supervision of sasac . Reorganisation at time does not involve any material asset restructuring of co nor any issue of securities of co . Says reorganisation does not have any material impact on the normal operation of the company .

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