![]() ![]() In 2011, Addis Ababa launched a $4.2 billion hydroelectric project on the river, which it sees as essential to lighting up rural Ethiopia. The waters of Africa’s longest river, the Nile, are at the center of a decade-long dispute between Ethiopia – where the Nile’s biggest tributary, the Blue Nile, rises – and its downstream neighbors Sudan and Egypt. Both those updated top- and bottom-line figures are right in line with Wall Street's targets.With half the world experiencing water scarcity for at least part of the year, the huge dams being built by some countries to boost their power supplies while their neighbors go parched are a growing source of potential conflict.Īhead of a UN conference in New York on global access to water, AFP looks at five mega-projects with very different consequences, depending on whether you live upstream or downstream. Earnings should clock in at $0.85 per share. This year's revenue is still expected to be just below $500 million, or roughly 4% above 2014's results. "This is a part of our business that is historically volatile and over time we expect growth in this area to return," executives explained in May. After all, that unpredictable business segment was the reason behind last quarter's sales growth miss, according to the company. ![]() Management kept their full-year sales and profit outlook unchanged, which suggests this quarter's outperformance could have been driven by a handful of extra high-dollar sales - rings over $50,000 a piece - rather than a broad uptick in demand. "While this takes a bit of patience, we'll continue to move in a balanced direction," Kanter told investors in last quarter's conference call. But, even without the same brand strength, Blue Nile believes it can slowly move toward that profit figure without endangering sales growth. Blue Nile's 3% operating margin is far below the 18% that Tiffany enjoys. Through initiatives like fewer promotions, more targeted marketing, and data analytics surrounding the online purchase process, the company hopes to raise its profitability over time while keeping sales marching higher. ![]()
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