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Meanwhile, same-store net operating income increased 11% over the same period.
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Operating income in Asia increased by 18%, led by menu promotions in Japan, China and Australia.
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Cemex goes for 7 times enterprise value to trailing operating income and should benefit from increased consumer demand.
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She oversees a sprawling portfolio of over 100 channels that reach 600 million viewers in 169 countries, and has steadily increased revenues and operating income in her division, which jumped 9% and 20% respectively in 2011.
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The company reported a decline in operating income of 3% year-over-year as the operating ratio increased four-tenths of a percent to 70.5% from 70.1%.
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However, its operating income declined nearly 11% as expenses increased much faster than revenue.
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Later, in 2014 or 2015, operating income and prices will both rise, triggering increased construction.
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Beverage sales in the U.S. increased 3%, but operating income fell.
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Net Operating Income (NOI), excluding lease cancellation income, increased 7.4%.
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Operating income (earnings before interest, taxes, depreciation and amortization) increased 4.5%, to 16.1 million pounds during the quarter ending September 30.
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All costs have increased, with cost of revenues up nearly 300 basis points, and operating income margin dropping from 52% to 47% for the full years of 2010 to 2011.
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