Profit margin

U.S. HOME-SELLER PROFITS CONTINUE RISING AS HOME VALUES HIT NEW HIGHS IN THIRD QUARTER

Retrieved on: 
Thursday, October 19, 2023
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IRVINE, Calif., Oct. 19, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property and real estate data, today released its third-quarter 2023 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales in the United States increased to 59 percent in the third quarter – the second straight quarterly increase following several declines.

Key Points: 
  • Gross profits on typical single-family home and condo sales across the country also went up during the third quarter of 2023.
  • Both measures improved over the Summer as the supply of homes for sale in the U.S. remained historically low.
  • But mortgage rates started increasing again in the third quarter, rising toward an average of 8 percent for 30-year fixed loan following a stable second quarter.
  • Home prices tied or hit new highs during the third quarter of 2023 in 86, or 55 percent, of the 155 metro areas in the report.

Universal Medical Announces 2023 Interim Results

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Thursday, August 24, 2023
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HONG KONG, Aug 24, 2023 - (ACN Newswire) - Genertec Universal Medical Group Company Limited (the "Universal Medical" or "Company"; Stock Coke: 2666.HK) is pleased to announce the interim results for the six months ended 30 June 2023.

Key Points: 
  • HONG KONG, Aug 24, 2023 - (ACN Newswire) - Genertec Universal Medical Group Company Limited (the "Universal Medical" or "Company"; Stock Coke: 2666.HK) is pleased to announce the interim results for the six months ended 30 June 2023.
  • As at 30 June 2023, the number of consolidated medical institutions increased to 55 (including four Grade III Class A hospitals and 26 Grade II hospitals), with a capacity of 13,893 beds in total.
  • The performance contribution of this business segment mainly comes from providing hospital clients with life cycle management of medical equipment, medical devises sales and internet-based healthcare services.
  • In August 2023, the company acquired 85% equity interests of Casstar Medical Technology Wuxi Co., Ltd. ("Casstar") at the consideration of RMB467.5 million.

Cemtrex Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023
Kverneland Group, Girjesh Govil, Maritime Industrial Services, VMS, Profit margin, AIS, Security, EBITDA, Acquisition, Investment, Valerus, Water, United Kingdom, Growth, Conference, Software, Beauty salon, Cryptocurrency, Video game

Brooklyn, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the third quarter ended June 30, 2023.

Key Points: 
  • ET
    Brooklyn, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the third quarter ended June 30, 2023.
  • Total operating expenses for three months ended June 30, 2023, were $6.4 million, compared to $6.6 million in the prior year’s quarter.
  • Operating income for the third quarter of 2023 was $0.1 million as compared to an operating loss of $1.5 million for the third quarter of 2022.
  • Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.

PROFITS ON HOME SALES REBOUND ACROSS U.S. IN SECOND QUARTER OF 2023 AS HOUSING MARKET REVIVES

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Thursday, July 20, 2023
Metro, REO, Housing, Statistics, Typical, Margin, Record, Profit margin, Great, Pueblo, Colorado, Sale, Lincoln, Report, AL, Federal Housing Administration, FHA, Seneca, South Carolina, Pharmaceutical industry, Property management, Video game, Real estate, Arms industry, Chemical, Drug, Security (finance), MD

IRVINE, Calif., July 20, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2023 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales in the United States increased to 47.7 percent in the second quarter – the first gain in a year.

Key Points: 
  • Gross profits also shot up from the first to the second quarter of 2023.
  • The about-face in profits and prices around the U.S. during the second quarter reflected a housing market in flux.
  • Prices and profits went back up in the second quarter during the start of the annual buying season, helped along by several forces.
  • Metro areas were included if they had sufficient population and at least 1,000 single-family home and condo sales in the second quarter of 2023.

AUXLY REPORTS Q1 2023 FINANCIAL RESULTS

Retrieved on: 
Monday, May 15, 2023
Travel, SG, Marketing, Profit margin, Calendar, Cannabis product testing, Stock, Absorption, EBITDA, Acquisition, Oil, Depreciation, Cannabis, Adjustment, Health Canada, RSU, Automation, Video game, Drug, Pharmaceutical industry, Cryptocurrency, Security (finance)

For the period ended March 31, 2023, net revenues were $24.0 million as compared to $22.6 million during the same period in 2022.

Key Points: 
  • For the period ended March 31, 2023, net revenues were $24.0 million as compared to $22.6 million during the same period in 2022.
  • Net revenues included wholesale bulk flower sales of approximately $1.0 million during the first quarter of 2023.
  • The results for the first quarter of 2023 continued to build upon the gains made in the fourth quarter of 2022.
  • Please see the Company's MD&A for the three months ended March 31, 2023, under "Non-GAAP Measures" for a further description of the following financial and supplementary financial measures.

Cemtrex Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023
Kverneland Group, Girjesh Govil, VMS, Maritime Industrial Services, Profit margin, Research, AIS, Security, LPR, Investment, Valerus, United Kingdom, Growth, AI, Conference, Software, Medical device, Cryptocurrency, Pharmaceutical industry, Video game

Brooklyn, NY, May 11, 2023 (GLOBE NEWSWIRE) --  Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the second quarter ended March 31, 2023.

Key Points: 
  • ET
    Brooklyn, NY, May 11, 2023 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the second quarter ended March 31, 2023.
  • Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The second quarter of fiscal year 2023 was highlighted by a return to operating profit driven by the sweeping efforts we have taken throughout the business.
  • Operating income for the second quarter of 2023 was $0.4 million as compared to an operating loss of $2.9 million for the second quarter of 2022.
  • Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.

U.S. HOME-SELLERS EXPERIENCE FURTHER DECLINE IN PROFITS IN Q1 2023

Retrieved on: 
Thursday, April 27, 2023
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IRVINE, Calif., April 27, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its first-quarter 2023 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales across the United States decreased to 44.2 percent as home prices stayed flat or kept declining around most of the nation.

Key Points: 
  • The typical investment return nationwide did remain high in the first quarter – almost double where it stood four years ago.
  • "Homeowners are starting to take a significant hit in the form of lost profits from the recent market slowdown.
  • That's a striking reversal of what we saw for a decade," said Rob Barber, chief executive officer for ATTOM.
  • "It is possible that the upcoming peak buying season of 2023 could lead to increased profits, owing to favorable mortgage rates and other factors.

AUXLY REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS AND PROVIDES OUTLOOK FOR 2023

Retrieved on: 
Friday, March 31, 2023
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Hugo Alves, CEO of Auxly, commented: "The Canadian cannabis industry faced numerous challenges in 2022 and Auxly was not immune to their impacts.

Key Points: 
  • Hugo Alves, CEO of Auxly, commented: "The Canadian cannabis industry faced numerous challenges in 2022 and Auxly was not immune to their impacts.
  • Our efforts have yielded positive results, including our first significant wholesales of bulk dried flower from Auxly Leamington, improved net revenues and blended margins, and reductions in SG&A during the fourth quarter.
  • For the year ended December 31, 2022, net revenues were $94.5 million as compared to $83.8 million during the same period in 2021.
  • Please see the Company's MD&A for the three and twelves months ended December 31, 2022, under "Non-GAAP Measures" for a further description of the following financial and supplementary financial measures.

Universal Medical (2666.HK) Announces 2022 Annual Results

Retrieved on: 
Wednesday, March 29, 2023
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HONG KONG, Mar 29, 2023 - (ACN Newswire) - Genertec Universal Medical Group Company Limited ("Universal Medical" or "Company"; Stock code: 2666.HK) is pleased to announce annual results for the year ended 31 December 2022.

Key Points: 
  • HONG KONG, Mar 29, 2023 - (ACN Newswire) - Genertec Universal Medical Group Company Limited ("Universal Medical" or "Company"; Stock code: 2666.HK) is pleased to announce annual results for the year ended 31 December 2022.
  • In 2022, Universal Medical adhered to the "Healthy China" strategy and continued to expand its footprint in the healthcare sector.
  • In 2022, the Company recorded a revenue of RMB11,912.1 million in total, up by 20.2% as compared to the previous year.
  • The number of beds of medical institutions that were included within the management system but not yet consolidated was over 2,000.

HOME-SELLER PROFITS DROP ACROSS U.S. IN THIRD QUARTER AS HOUSING MARKET BOOM EASES

Retrieved on: 
Thursday, October 20, 2022
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IRVINE, Calif., Oct. 20, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales across the United States decreased to 54.6 percent as home prices declined for the first time in almost three years.

Key Points: 
  • The third-quarter reversal also represented the first time since 2010 that seller returns went down from a second quarter to a third quarter period.
  • Gross profits also decreased from the second quarter to the third quarter of 2022, dropping 6 percent on the typical single-family home and condo sale across the country to $120,100.
  • The third-quarter profit and price trends emerged amid growing headwinds that threaten to end or significantly cool down the nation's decade-long housing market boom.
  • "If the Federal Reserve's objective was to slow down the housing market, it has succeeded spectacularly," noted Sharga.