Sentences with phrase «difficult operating environment»

The combination of current concern surrounding Greece's widening credit spreads and the reversal of certain macro trends led to lower client activity and a more difficult operating environment.

Perth - based Gunson Resources has become the latest junior mining company to cut pay rates and boardroom numbers in a trend demonstrating the increasingly difficult operating environment for the sector

Cummins Inc. (NYSE: CMI) has performed better than expected over the year despite a more difficult operating environment.

HSBC Armenia's net profit in the 12 months to December 31, 2009, was 1.6 billion drams ($ 4 million), which was down from 2008 levels but perhaps reflects a difficult operating environment in 2009, with slight declines in net interest and fee and commission income compared to the same 12 - month period in 2008.

Particularly in recent years, Australian vegetable growers experienced a difficult operating environment, largely due to rising production costs.

Given that it has continued to generate positive operating cash flow and earnings in a difficult operating environment, we think ASYS represents very good value at a discount to its liquidation value.

ASYS was trading at a little under two - thirds of our estimate of its value in liquidation, but, unusually, had continued to generate positive operating cash flow and earnings in a difficult operating environment.