Financial news

General Cable posts net loss for H2 2017

CRU Subscriber Content
31 Aug 2017
 | Region: 
North America (USA)
 | Topic: 
Financials

The US' General Cable recorded a consolidated net loss of $58 million for H1 2017, compared to a net profit of $25 million in the same period last year. Net sales fell 8% y/y to $1.86 billion, while operating income declined 99% y/y to $1 million.

Nexans’ H2 2017 operating income up 80%

CRU Subscriber Content
31 Aug 2017
 | Region: 
Europe (France)
 | Topic: 
Financials

France's Nexans unveiled an 80% y/y increase in operating income to €162 million ($194 million) for H1 2017. Net income more than tripled to €92 million ($110 million), on sales at constant metals prices of €2.33 billion ($2.80 billion), up 3% y/y.

Prysmian’s H1 2017 sales up 4%

CRU Subscriber Content
31 Aug 2017
 | Region: 
Europe (Italy)
 | Topic: 
Financials

Italy's Prysmian saw H1 2017 consolidated net profit fall 9% to €113 million ($139 million), on net sales of €3.93 billion ($4.72 billion), up 4%. Operating income fell 5% y/y to €207 million ($248 million), while EBITDA rose 3% y/y to €331 million ($397 million).

Voksel’s FY 2016 financials rocket

CRU Subscriber Content
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's PT Voksel Electric saw a significant increase in net profit, which climbed from IDR 277 million ($20,774) in FY 2015 to IDR 160 billion ($12 million) for FY 2016. Consolidated net sales rose 27% y/y during the period to IDR 2.02 trillion ($152 million).

Jembo Cable’s FY 2016 net sales up 23%

CRU Subscriber Content
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's PT Jembo Cable Company saw FY 2016 consolidated net profit rocket from IDR 2.5 billion ($0.19 million) to IDR 132.4 billion ($10 million), on sales of IDR 2.04 trillion ($153 million), up 23%.

KMI Wire & Cable triples FY 2016 net profit

CRU Subscriber Content
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's KMI Wire & Cable tripled its consolidated net profit to IDR 322 billion ($24 million) on sales of IDR 2.81 trillion ($211 million), up 6% y/y. Operating profit nearly doubled to IDR 395.7 billion ($30 million).

Sucaco FY 2016 net sales rise 6%

CRU Subscriber Content
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's PT Supreme Cable Manufacturing & Commerce (Sucaco) unveiled a consolidated net profit of IDR 341 billion ($26 million), 124% y/y higher, on sales of IDR 3.74 trillion ($281 million), up 6% y/y. Consolidated gross profit increased 65% to IDR 560 billion ($42 million).

LS Cable to supply Danish & Vietnamese clients

CRU Subscriber Content
07 Jun 2017
 | Region: 
Asia (Vietnam), Europe (Denmark)
 | Topic: 
Financials, Projects

South Korea's LS Cable has won awards to supply high voltage cables to Denmark's Dong Energy as well as clients in Vietnam.

Leoni posts strong recovery in Q1 2017

CRU Subscriber Content
23 May 2017
 | Region: 
Europe (Germany)
 | Topic: 
Financials

Germany's Leoni unveiled a healthy set of results for Q1 2017, mainly on higher demand from the global automotive industry. Consolidated net profit nearly trebled to €34 million ($37 million) on net sales of €1.2 billion ($1.3 billion), up 11% y/y.

Prysmian's Q1 2017 net profit 16% higher

CRU Subscriber Content
19 May 2017
 | Region: 
Global
 | Topic: 
Financials

Italy's Prysmian saw a 16% y/y increase in its Q1 2017 net profit to €36 million ($40 million), on net sales of €1.84 billion ($2.03 billion), up 2% y/y. Adjusted EBTIDA was €154 million ($170 million), 3% y/y higher.