CORPORATE PROFITS – UNITED STATES

Murdoch quells Fox News concerns after Ailes departure

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Original article by Jake Mitchell
The Australian – Page: 23 : 5-Aug-16

21st Century Fox has posted a net profit of $US2.8bn ($A3.7bn) for fiscal 2016, compared with $US8.4bn previously, although the prior result was bolstered by asset sales. The media group’s EBITDA rose by two per cent to $US6.6bn, while revenue was one per cent higher at $US27.3bn. 21st Century Fox’s co-executive chairman Lachlan Murdoch has stressed that the resignation of Fox News CEO Roger Ailes will have no effect on the cable news channel’s editorial position or strategic direction.

CORPORATES
21ST CENTURY FOX INCORPORATED, FOX NEWS, DIRECT BROADCAST SATELLITE TELEVISION, SKY ITALIA SPA, SKY DEUTSCHLAND AG, SKY PLC, NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD

Cancellations, price rises slow subscriber growth at Netflix

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Original article by Max Mason
The Australian Financial Review – Page: 18 : 20-Jul-16

US-based Netflix has posted a profit of $US40.8 million for the June 2016 quarter, which is 54.8 per cent higher than the same period in 2015. However, Netflix increased its global subscriber base by just 1.7 million during the quarter, compared with its own expectations that it would gain 2.5 million customers. An increase in its prices also resulted in a rise in Netflix’s customer churn rate. The company has noted that lower growth in international subscribers was to be expected after it launched in markets such as Australia in 2015.

CORPORATES
NETFLIX INCORPORATED

Netflix flags foray into news

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Original article by Max Mason
The Age – Page: 23 : 16-Oct-15

US-based subscription video-on-demand provider Netflix has posted a $US29.4m ($A40.2m) profit for the September 2015 quarter, with sales totalling $US1.7bn. The number of paid subscribers rose from 62.7 million to 66 million, and the group expects this to top 70 million by the end of 2015. Meanwhile, chief content officer Ted Sarandos says a news programs is among the content that Netflix is looking to offer in coming years, although he has downplayed suggestions that it may bid for sports broadcasting rights.

CORPORATES
NETFLIX INCORPORATED, VICE MEDIA INCORPORATED, HBO

Caterpillar’s sales crawl backwards hits Seven

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Original article by Sarah-Jane Tasker
The Australian – Page: 18 : 29-Jan-15

The profit for the final three months of calendar 2014 at US mining machinery manufacturer Caterpillar has fallen 25%, prompting it to also predict declines of 9% and 22% respectively for sales and earnings per share in 2015. The slump due to the ending of the resources boom will have a negative impact on Australian-listed conglomerate Seven Group Holdings as well. It owns the WesTrac distributor of Caterpillar products in parts of Australia and China

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, CATERPILLAR INCORPORATED, WESTRAC HOLDINGS PTY LTD

Alcoa’s turnaround a shot in the arm for Alumina

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Original article by Sarah-Jane Tasker
The Australian – Page: 18 : 14-Jan-15

The stock of Alumina on 13 January 2015 closed 4.2% higher at $A1.96. The reason was the release in the US by partner Alcoa of its profit data for calendar 2014. It recorded a fourth-quarter net earnings result of $US159m ($A194m) and a full-year one of $US268m, which were recoveries from the previous year’s losses of $US268m and $US2.3bn respectively. Alcoa manages and holds 60% of the Alcoa World Alumina & Chemicals business, and Alumina’s sole asset is a stake of 40% in that enterprise

CORPORATES
ALUMINA LIMITED – ASX AWC, ALCOA INCORPORATED – ASX AAI, ALCOA WORLDWIDE ALUMINA AND CHEMICALS, CITIGROUP PTY LTD