Economies

DGAP-News: Highlight Group enjoys positive first quarter of 2021

Retrieved on: 
Thursday, May 27, 2021
Economy of Switzerland, Swiss franc, SWITZERLAND, Economies

The Highlight Group's consolidated revenue and EBIT developed positively in the first quarter of 2021.

Key Points: 
  • The Highlight Group's consolidated revenue and EBIT developed positively in the first quarter of 2021.
  • At CHF 106.5 million, consolidated revenue was up CHF 17.2 million on the figure for the first quarter of 2020.
  • The global coronavirus pandemic will remain a key issue beyond the first quarter of 2021.
  • The quarterly statement as of March 31, 2021 is available for download at www.highlight-communications.ch from today.

X Financial Obtains National Online Microcredit Business Operating License

Retrieved on: 
Wednesday, May 26, 2021
Microfinance, Microcredit, Inventions, Economies

Xiaoying Microcredit will officially commence operation after obtaining its business license.

Key Points: 
  • Xiaoying Microcredit will officially commence operation after obtaining its business license.
  • The business scope of Xiaoying Microcredit includes specialization in microcredit business, online microcredit business as approved by relevant governmentaldepartments (prohibition of fundraising from the public), intermediary services including, among others, financing consultation and financial advisor services relating to the loan business.
  • Shenzhen Xiaoying is the first company of its kind to successfully transform from a P2P business and obtain the national online microcredit business operating license.
  • X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.

Chakana Advances Resource Definition Drilling with Multiple High-Grade Intercepts

Retrieved on: 
Tuesday, May 25, 2021
Oil well, Science and technology, Inventions, Petroleum geology, Economies

Two resource definition holes were drilled at Paloma West from a platform on the northeast side of the exposed breccia pipe and drilled to the southwest.

Key Points: 
  • Two resource definition holes were drilled at Paloma West from a platform on the northeast side of the exposed breccia pipe and drilled to the southwest.
  • Within the 26,000m of drilling planned in 2021, the Company will complete approximately 16,000m of resource definition in-fill drilling.
  • The results of this drill program are important to increase confidence in the resource estimate, anticipated later in 2021.
  • A total of 47,736 metres of exploration and resource definition drilling has been completed to date, testing 15 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside.

Ikon Science Launches Curate, Enabling Enterprise-Wide Data Access and Collaboration for Efficient, Smarter Decision Making for the Energy Industry Reducing Risk and Optimizing Human Resources

Retrieved on: 
Monday, May 24, 2021
Oil well, Inventions, Science and technology, Economies

Curate enables energy companies to collaborate within a single workspace to access all subsurface data with streamlined workflows, allowing for data democratization and business learnings that drive action.

Key Points: 
  • Curate enables energy companies to collaborate within a single workspace to access all subsurface data with streamlined workflows, allowing for data democratization and business learnings that drive action.
  • Curate helps companies accelerate exploration, minimize portfolio risk, and optimize well planning and drilling activities, achieving greater results while preserving capital and human resources to create a stronger bottom line.
  • Energy companies are challenged to navigate the large amounts of complex data they possess as it is often siloed within different departments and software programs.
  • Its imperative for energy companies to identify new ways to increase efficiencies and minimize risk, stated Dr. Denis Saussus, Chief Executive Officer of Ikon Science.

DGAP-News: Elmos Semiconductor SE: Annual General Meeting approves stable dividend of 0.52 Euro per share

Retrieved on: 
Thursday, May 20, 2021
Elmos Semiconductor, Dividend, ebit, Euro, Dortmund, Currency, Economies

b"The issuer is solely responsible for the content of this announcement.\nDortmund, May 20, 2021: Elmos Semiconductor SE (FSE: ELG) held its virtual Annual General Meeting today.

Key Points: 
  • b"The issuer is solely responsible for the content of this announcement.\nDortmund, May 20, 2021: Elmos Semiconductor SE (FSE: ELG) held its virtual Annual General Meeting today.
  • The Annual General Meeting approved a stable dividend of 0.52 Euro per share for fiscal year 2020.
  • Thanks to high capacity utilization and positive costs effects, EBIT also rose to 12.2 million Euro.
  • For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.

Allied Energy Corporation Leases Five Additional Texas Oil Wells at the 300 Acre Annie Gilmer Lease

Retrieved on: 
Monday, May 17, 2021
Oil well, Inventions, Science and technology, Economies

There a total of five wells drilled on the lease, that is approximately 300 acres.

Key Points: 
  • There a total of five wells drilled on the lease, that is approximately 300 acres.
  • There were six wells drilled on the lease starting in the mid 70\'s with the last being drilled in 1989.
  • One of the injection wells will be re-converted to an active oil and gas producer.\nAllied CEO George Montieth elaborated on the acquisition: "We are thrilled to add the Annie Gilmer Lease wells to our ever-expanding portfolio of Texas oil wells.
  • The Caddo formation has never been produced on the lease, however, there have been many Caddo wells completed immediately surrounding the Annie Gilmer lease.

DGAP-News: Formycon Publishes Annual Financial Statements for the 2020 Financial Year

Retrieved on: 
Monday, May 17, 2021
Biotechnology, Biosimilar, Drugs, Euro, Currency, Economies

At Euro -5.9 million (previous year Euro -2.3 million), the result for the year was in line with expectations.

Key Points: 
  • At Euro -5.9 million (previous year Euro -2.3 million), the result for the year was in line with expectations.
  • In line with its growth strategy, Formycon had invested in the development of its own or young pipeline in the 2020 financial year, resulting in a slightly higher negative annual result compared to previous years.
  • In addition to the COVID-19 drug (FYB207), the main development focus was on the as yet unpublished and unpartnered biosimilar candidate FYB206.
  • Nicolas Comb\xc3\xa9, CFO of Formycon AG, looks back on the past financial year as follows: "Due to the prevailing Corona pandemic, 2020 was a year full of challenges.

Introducing Absolut Watermelon - The new, naturally refreshing flavour from Absolut

Retrieved on: 
Thursday, May 13, 2021
Absolut Vodka, Vodka, Economies

Dripping with notes of watermelon, and a subtle hint of spice, Absolut Watermelon is the perfect refreshing flavour for lazy days in the sun or sultry summer nights.\nIn recent years, several vodka brands have added watermelon flavours to their rosters, most of which contain very high levels of sugar.

Key Points: 
  • Dripping with notes of watermelon, and a subtle hint of spice, Absolut Watermelon is the perfect refreshing flavour for lazy days in the sun or sultry summer nights.\nIn recent years, several vodka brands have added watermelon flavours to their rosters, most of which contain very high levels of sugar.
  • Absolut Watermelon revolutionizes the category, by clearly answering drinkers\' demands for natural ingredients.\n"We\'re really excited to add a fresh new flavour to the mix with Absolut Watermelon, a refreshing fruit flavour that is synonymous with summer.
  • Absolut Watermelon has allowed us to broaden our portfolio and offer consumers a variety of products & cocktails suited for any occasion so go ahead and Mix it Up," said Anika Sharma, Assistant Brand Manager, Absolut Vodka.\nAbsolut Watermelon opens up for a truly optimized flavour profile, with all natural ingredients, and no added sugar.
  • Sample these easy-to-mix Absolut Watermelon recipes:\n'

Banca Ifis: net profit for the quarter comes to 20,1 million Euro with two-figure growth seen in revenues from core business

Retrieved on: 
Thursday, May 13, 2021
Euro, Currency, Economies

The commercial business has shown very dynamic performance and greater disbursements, particularly in loans backed by Mediocredito Centrale, reporting revenues of 65 million Euro, up 21% on the first quarter of 2020.

Key Points: 
  • The commercial business has shown very dynamic performance and greater disbursements, particularly in loans backed by Mediocredito Centrale, reporting revenues of 65 million Euro, up 21% on the first quarter of 2020.
  • This change is due to the growth of net banking income for 11,2 million Euro, and by greater credit risk losses for 5,3 million Euro as compared with the first quarter of last year.
  • This result was due to the lower contribution both of net interest income (down by 1,2 million Euro, -5,3%) and net commission income (down by 1,3 million Euro, -9,0%).
  • In detail, the increase is the result of the sum of 6,7 million Euro in interest margin, one million Euro in commission and 4 million Euro in other items making up net banking income.\nPeriod profit of the Npl Segment1 is approximately 11,5 million Euro, up 69,5% on the same period of 2020 thanks to the recovery of all business activities.\nThe net banking income of the Segment1 amounted to 58,3 million Euro (+34,8%) as compared with 43,2 million Euro at 31 March 2020.

Sistema PJSFC: Binnopharm Group increases stake in Sintez to 88.6%

Retrieved on: 
Wednesday, May 12, 2021
Russian Direct Investment Fund, Science and technology in Russia, Economy of Russia, Sputnik V COVID-19 vaccine, VTB Bank, MOEX, Economies, Companies

b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\n12 May 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its fully owned subsidiary LLC Sistema Telecom Assets has contributed its 32.4% stake in OJSC Sintez to the authorised capital of LLC Binnopharm Group.

Key Points: 
  • b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\n12 May 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its fully owned subsidiary LLC Sistema Telecom Assets has contributed its 32.4% stake in OJSC Sintez to the authorised capital of LLC Binnopharm Group.
  • Following the transaction, Binnopharm Group has increased its stake in OJSC Sintez to 88.6%.\nAs a result, the effective stake in Binnopharm Group owned by Sistema together with VTB, Sistema\'s financial partner in the development of the pharmaceuticals business, now stands at 86.5%.
  • A consortium of investors consisting of the Russian Direct Investment Fund ("RDIF"), the Russia-China Investment Fund (co-founded by RDIF and China Investment Corporation) and leading Middle Eastern funds holds 12.5%, with the remaining 1% owned by a minority shareholder (an individual).\nBinnopharm Group is a full-cycle Russian pharmaceutical holding company that combines five production sites across Russia: JSC Alium (formerly OBL Pharm; Serpukhov district, Moscow region), JSC Binnopharm (two sites at Zelenograd and Krasnogorsk), JSC\xc2\xa0Sintez (Kurgan) and JSC Biocom (Stavropol).
  • Binnopharm Group companies produce a wide range of drugs in various therapeutic groups and have the largest portfolio of drugs among Russian manufacturers with more than 450 marketing authorisations, including the COVID-19 vaccine Sputnik V.\nFor further information, please visit www.sistema.ru or contact:\n'