Kuwaiti telecom giant posts record 2006 profits
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Kuwait's Mobile Telecommunications Co (MTC) announced record net profits of 305.3 million dinars (1.056 billion dollars) in 2006, a 67.9 percent year-on-year rise.
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Telecommunications-equipment maker recorded its first annual profit fueled by rapid growth in its wireless telephone division. -The Washington Post
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LG Electronics Inc., Korea&#39;s second-largest electronics-maker, yesterday reported a 36 percent increase in its third-quarter profits, beating analyst forecasts thanks to a jump in its mobile phone handset sales.
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A Kuwaiti transport company said it had paid a ransom of more than &#36;500,000 to an Iraqi militant group for the release of seven drivers freed on Wednesday after 43 days captivity.
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The Swedish-Finnish telecommunications operator TeliaSonera reported a record profit in the third quarter despite stagnant sales as associated companies posted a tripling of income.
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Standard Chartered, the emerging markets bank, has reported on Tuesday that 2006 net profits soared by almost one fifth, helped by strong economic growth in its key Asian markets.
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French oil giant Total said that 2006 adjusted net profit soared to 15.8 billion dollars, a record figure for any French company that revived pressure on the group to make a greater contribution to the common good.
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Dutch banking and insurance group ING has reported a 6.7-percent rise in 2006 net profit to 7.69 billion euros (10.1 billion dollars).
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Oil giant Exxon Mobil reports $40.6bn net profits in 2007, a record for a US company.
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Sri Lanka's telecom sector soared in 2006 to 7.3 million users, led by a 59 percent jump in new mobile phone connections on competition and falling call rates, the telecom watchdog has said.
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TOKYO -- Sony Ericsson, the world's fourth-largest mobile phone maker, said Thursday its net profit rose 54 percent in the quarter ended June 30, as it expanded its market share with low and mid-range phones.
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Oil giant Royal Dutch Shell reports record annual profits of $25.36bn, despite some setbacks in 2006.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The companyâs stock soared.
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Verizon Communications , the  nation's biggest telephone company, on Tuesday reported  better-than-expected quarterly operating earnings on strong  growth in its wireless business.
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German telephone operator MobilCom -- in which France Telecom holds a 28.3-percent stake -- said it was pencilling in further earnings growth next year after it achieved record operating profit in the first nine months of 2004.
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Global mining giant Anglo American reported on Wednesday record profits in 2006 on the back of strong metal prices and keen Chinese demand.
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Exxonâs profit of $39.5 billion broke the record it set last year for the largest profit ever by an American company.