A round-up of today's other stories in brief.
Zamano has earnings of €3.4m
Dublin-listed mobile gaming and entertainment specialist Zamano said yesterday that it expects last year's earnings to have reached €3.4 million.
Zamano said that this is a doubling of its revenues over 2006 and pointed out that it is at the top end of market expectations.
The group said that it has completed the acquisition of rival Red Circle, which it bought last year for €24.4 million in a reverse takeover deal and added that its integration into the business was proceeding well.
Early last year it purchased another rival, Eirborne. Zamano said yesterday that this has been absorbed into the overall business and is contributing to growth.
"Trading in 2008 is in line with expectations and the group is looking forward to another year of high-margin revenue growth," its statement said.
Revenue fall for soldering firm
Oglesby & Butler has warned that revenues for the three months to the end of December last were 11 per cent lower than in the same quarter of 2006. The firm, which makes soldering irons and glue guns, blamed difficult trading in the US and weakness in the dollar and sterling for the decline. Oglesby expects the "adverse trading conditions" to continue into its final quarter but said costs are being controlled and efforts are being made to develop new markets.
TCD partners financial institute
Trinity College Dublin has been named as a programme partner by the CFA Institute, which awards the chartered financial analyst designation. TCD is the first Irish institution to be given the designation, which recognises the "industry-relevant" training provided by the university's Bachelor in business studies degree.
Circle Oil plans to drill in Morocco
Circle Oil has issued a positive update in relation to its Moroccan Rharb Basin interest. The firm said it had successfully completed a 3D seismic acquisition programme in two parts of the concession, with preliminary results pointing to drilling this summer.
Coca-Cola income rises to $1.21bn
Coca-Cola said fourth-quarter profits increased more than analysts estimated on higher sales of soda in Asia and Latin America and Vitaminwater in the US.
Net income rose 79 per cent to $1.21 billion, or 52 cent a share, from $678 million, or 29 cent, a year earlier when its largest bottler wrote down the value of North American operations. - (Bloomberg)
Stryker to buy back $750m stock
Stryker, the maker of artificial hip parts being recalled, plans to buy back as much as $750 million of its common stock. The shares will be used "for general corporate purposes, including offsetting dilution associated with stock option and other equity-based employee benefit plans," the Kalamazoo, Michigan-based company said. The company on January 22nd recalled Trident Acetabular hip products made in Cork because they failed to meet Stryker standards, the company said. - (Bloomberg)
